secwatch.observer — SEC 8-K summary
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Issuer:     NORTHROP GRUMMAN CORP /DE/ (NOC)
CIK:        0001133421
Form:       8-K
Filed at:   2023-02-17T23:59:59+00:00
Accession:  0001133421-23-000009
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1133421/000113342123000009/0001133421-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1133421/000113342123000009/noc-20230215.htm
  HTML page:      https://secwatch.observer/filing/0001133421-23-000009

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