secwatch.observer — SEC 8-K summary
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Issuer:     L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX)
CIK:        0000202058
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0000202058-23-000041
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

L3Harris CEO added to CIC plan with 3x severance; director retainers increased
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- CEO Kubasik added to Executive Change in Control Severance Plan with severance multiple of 3x base salary and target bonus, replacing expired prior letter agreement.
- Non-employee director annual cash retainer increased from $140k to $150k, effective January 1, 2024.
- Compensation Committee chair cash retainer raised from $20k to $25k per year.
- Equity retainer for board service (director share units) increased from $170k to $190k annually.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/202058/000020205823000041/0000202058-23-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/202058/000020205823000041/hrs-20230721.htm
  HTML page:      https://secwatch.observer/filing/0000202058-23-000041

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