---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-101558"
form_type: "8-K"
ticker: "TXT"
cik: "0000217346"
company_name: "TEXTRON INC"
filed_at: "2025-10-22T23:59:59+00:00"
generated_at: "2026-05-17T02:52:09.098195+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Textron appoints Lisa Atherton as President and CEO effective Jan 4, 2026; Scott Donnelly becomes Executive Chairman

## Summary
- Lisa Atherton, current Bell segment CEO, promoted to Textron President and CEO and joins Board effective Jan 4, 2026.
- Scott Donnelly becomes Executive Chairman, with base salary $1.485M and target annual incentive of 170% of base salary.
- Atherton's new compensation: base salary $1.3M, target annual incentive 150% of base, and 2026 LTI target value of $10M.
- Board amended by-laws to accommodate an Executive Chairman role distinct from the CEO.
- Atherton has been with Textron since 2007, led Bell since April 2023, and serves on Southwest Airlines board.

## SEC filing metadata
- accession: 0001104659-25-101558
- form_type: 8-K
- ticker: TXT
- cik: 0000217346
- company_name: TEXTRON INC
- filed_at: 2025-10-22T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/217346/000110465925101558/0001104659-25-101558-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/217346/000110465925101558/tm2529295d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-101558
- JSON: https://secwatch.observer/filing/0001104659-25-101558.json
- Plain text: https://secwatch.observer/filing/0001104659-25-101558.txt

## Key facts
- Governance Changes
  TEXTRON INC: Amendment to by-laws to accommodate Executive Chairman role distinct from CEO (effective 2025-10-22).
  - Change: bylaw amendment
  - Effective: 2025-10-22
  source text: On October 22, 2025, the Board approved an amendment to the Company’s amended and restated by-laws (the “Amendment”) of the Company, to be effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/217346/000110465925101558/0001104659-25-101558-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.