CEO Thomas Gentile III departs; Patrick Shanahan named interim CEO

Spirit AeroSystems Holdings, Inc.

Thomas Gentile III ceased as President, CEO and director effective Sept 30, 2023; he will serve as consultant for 3 months.
Gentile receives cash severance of $1.3M (one year salary), COBRA benefits, and retention of 91,978 RSUs vesting Feb 2024.
Patrick Shanahan appointed interim President and CEO; he will receive $2M base salary and $8M RSU grant.
Shanahan is a former Boeing executive and Deputy Secretary of Defense; Board will conduct search for permanent CEO.
Q3 2023 financial results to be released Nov 1, 2023; conference call same day.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed (interim)

Patrick M. Shanahan

interim President and Chief Executive Officer

Spirit AeroSystems Holdings, Inc.

Effective: 2023-09-30
Filed: October 2, 2023, 7:59 PM ET

On September 30, 2023, the Board appointed Patrick M. Shanahan as interim President and Chief Executive Officer of the Company and of the Employer.

Departed (interim)

Thomas C. Gentile III

President and Chief Executive Officer

Spirit AeroSystems Holdings, Inc.

Effective: 2023-09-30
Successor: Patrick M. Shanahan
Filed: October 2, 2023, 7:59 PM ET

Effective as of September 30, 2023 (the “Separation Date”), Thomas C. Gentile III ceased to serve as the President and Chief Executive Officer of Spirit AeroSystems Holdings, Inc. (the “Company”) and as a member of the Board of Directors (the “Board”) of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Patrick M. Shanahan was appointed as interim President and Chief Executive Officer at Spirit AeroSystems Holdings, Inc..

Action: appointed
Role: interim President and Chief Executive Officer

Exact text from the filing

On September 30, 2023, the Board appointed Patrick M. Shanahan as interim President and Chief Executive Officer of the Company and of the Employer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas C. Gentile III departed as President and Chief Executive Officer at Spirit AeroSystems Holdings, Inc..

Action: ceased to serve
Role: President and Chief Executive Officer

Exact text from the filing

Effective as of September 30, 2023 (the “Separation Date”), Thomas C. Gentile III ceased to serve as the President and Chief Executive Officer of Spirit AeroSystems Holdings, Inc. (the “Company”) and as a member of the Board of Directors (the “Board”) of the Company.

View on SEC.gov

Source: SEC EDGAR

accession 0001104659-23-105625

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