secwatch.observer — SEC 8-K summary
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Issuer:     BOEING CO (BA)
CIK:        0000012927
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0000012927-24-000058
Event type: leadership
Sentiment:  neutral
Materiality: 0.85
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Boeing elects Kelly Ortberg as President & CEO effective Aug 8, 2024
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- Ortberg, 64, brings over 35 years of aerospace leadership, previously CEO of Rockwell Collins and Collins Aerospace.
- He succeeds Dave Calhoun, who resigned as CEO and will serve as senior advisor until retirement on March 1, 2025.
- Compensation: $1.5M base salary, $3M annual incentive target, $17.5M long-term incentive for 2025.
- Ortberg also receives $1.25M cash award, $8M RSUs vesting over 3 years, and $8M performance option with 120% strike price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/12927/000001292724000058/0000012927-24-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/12927/000001292724000058/ba-20240730.htm
  HTML page:      https://secwatch.observer/filing/0000012927-24-000058

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer