L3Harris appoints two new directors, forms Business Review Committee in deal with D. E. Shaw

L3HARRIS TECHNOLOGIES, INC. /DE/

Kirk Hachigian (former JELD-WEN/Cooper CEO) and Bill Swanson (former Raytheon CEO) join L3Harris board immediately.
Board forms ad hoc Business Review Committee to review operations, costs, portfolio; completion expected in 2024.
Cooperation agreement with D. E. Shaw includes customary standstill and voting commitments; additional independent director in 2024.
Long-term incentive plan modified to make relative total shareholder return a core metric for performance share units.

item 1.01 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Kirk Hachigian

Director

LHX · L3HARRIS TECHNOLOGIES, INC. /DE/

Effective: 2023-12-10
Filed: December 11, 2023, 6:59 PM ET

Pursuant to the Cooperation Agreement, effective December 10, 2023, the Board increased the authorized number of directors constituting the Board from twelve to fourteen and appointed Mr. Hachigian and Mr. Swanson as directors for initial terms expiring at the 2024 Annual Meeting.

Appointed

Bill Swanson

Director

LHX · L3HARRIS TECHNOLOGIES, INC. /DE/

Effective: 2023-12-10
Filed: December 11, 2023, 6:59 PM ET

Pursuant to the Cooperation Agreement, effective December 10, 2023, the Board increased the authorized number of directors constituting the Board from twelve to fourteen and appointed Mr. Hachigian and Mr. Swanson as directors for initial terms expiring at the 2024 Annual Meeting.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kirk Hachigian was appointed as Director at L3HARRIS TECHNOLOGIES, INC. /DE/.

Action: appointed
Role: Director

Exact text from the filing

Pursuant to the Cooperation Agreement, effective December 10, 2023, the Board increased the authorized number of directors constituting the Board from twelve to fourteen and appointed Mr. Hachigian and Mr. Swanson as directors for initial terms expiring at the 2024 Annual Meeting.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Bill Swanson was appointed as Director at L3HARRIS TECHNOLOGIES, INC. /DE/.

Action: appointed
Role: Director

Exact text from the filing

Pursuant to the Cooperation Agreement, effective December 10, 2023, the Board increased the authorized number of directors constituting the Board from twelve to fourteen and appointed Mr. Hachigian and Mr. Swanson as directors for initial terms expiring at the 2024 Annual Meeting.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

L3HARRIS TECHNOLOGIES, INC. /DE/ entered into cooperation agreement with funds affiliated with the D. E. Shaw group.

Action: entry
Counterparty: funds affiliated with the D. E. Shaw group

Exact text from the filing

In connection with these announcements, the company has entered into a cooperation agreement with funds affiliated with the D. E. Shaw group, which is currently one of the company’s largest investors.

View on SEC.gov

155 material agreements filed in the last 30 days. Browse all material agreements →

L3HARRIS TECHNOLOGIES, INC. /DE/ filing history →

Source: SEC EDGAR

accession 0000202058-23-000061

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