---
schema_version: "secwatch.filing_event.v1"
accession: "0001133421-23-000009"
form_type: "8-K"
ticker: "NOC"
cik: "0001133421"
company_name: "NORTHROP GRUMMAN CORP /DE/"
filed_at: "2023-02-17T23:59:59+00:00"
generated_at: "2026-06-19T07:48:08.281895+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001133421-23-000009
- form_type: 8-K
- ticker: NOC
- cik: 0001133421
- company_name: NORTHROP GRUMMAN CORP /DE/
- filed_at: 2023-02-17T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1133421/000113342123000009/0001133421-23-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1133421/000113342123000009/noc-20230215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001133421-23-000009
- JSON: https://secwatch.observer/filing/0001133421-23-000009.json
- Plain text: https://secwatch.observer/filing/0001133421-23-000009.txt

## Key facts
- Executive change
  Karl J. Krapek departed as Director at NORTHROP GRUMMAN CORP /DE/.
  - Action: not to seek re-election
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1133421/000113342123000009/0001133421-23-000009-index.htm

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