Director Karl J. Krapek won't seek re-election; board approves 2023 exec comp metrics

NORTHROP GRUMMAN CORP /DE/

Karl J. Krapek notified board on Feb 15, 2023, of decision not to seek re-election at annual meeting; effective that day.
2023 ICP metrics: cash flow from ops (35%), segment op income growth (35%), adj. op margin (20%), non-financial (10%).
2023-2025 RPSR awards weighted: cumulative FCF (1/3), ROIC (1/3), relative TSR (1/3); no stock options granted.
RSR awards approved vesting Feb 17, 2026; terms consistent with 2022 aside from described changes.

item 5.02

Executive movements

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

Departed

Karl J. Krapek

Director

NOC · NORTHROP GRUMMAN CORP /DE/

Filed: February 17, 2023, 6:59 PM ET

On February 15, 2023, Karl J. Krapek notified the Board of Directors of the Company of his decision not to seek re-election at the 2023 Annual Meeting of Shareholders.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Karl J. Krapek departed as Director at NORTHROP GRUMMAN CORP /DE/.

Action: not to seek re-election
Role: Director

Exact text from the filing

On February 15, 2023, Karl J. Krapek notified the Board of Directors of the Company of his decision not to seek re-election at the 2023 Annual Meeting of Shareholders.

View on SEC.gov

NORTHROP GRUMMAN CORP /DE/ filing history →

Source: SEC EDGAR

accession 0001133421-23-000009

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.