secwatch.observer — SEC 8-K summary
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Issuer:     L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX)
CIK:        0000202058
Form:       8-K
Filed at:   2023-12-11T23:59:59+00:00
Accession:  0000202058-23-000061
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/202058/000020205823000061/0000202058-23-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/202058/000020205823000061/hrs-20231210.htm
  HTML page:      https://secwatch.observer/filing/0000202058-23-000061

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