secwatch.observer — SEC 8-K summary
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Issuer:     L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX)
CIK:        0000202058
Form:       8-K
Filed at:   2023-12-29T23:59:59+00:00
Accession:  0000202058-23-000071
Event type: leadership
Sentiment:  negative
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

L3Harris CFO Michelle Turner to depart; severance package totals ~$3.07M
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- Separation date December 29, 2023; agreement entered December 22, 2023.
- Cash payments: $1.6M (salary + bonus), $951,200 in lieu of 2023 annual incentive, $500K for transitional assistance, $18K outplacement.
- Equity awards treated as involuntary separation; COBRA coverage for 12 months at active rates.
- Agreement includes one-year non-compete, non-solicit, and confidentiality covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/202058/000020205823000071/0000202058-23-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/202058/000020205823000071/hrs-20231222.htm
  HTML page:      https://secwatch.observer/filing/0000202058-23-000071

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