CEO C. Michael Petters retires, transitions to Executive Vice Chairman effective March 1, 2022

HUNTINGTON INGALLS INDUSTRIES, INC.

Petters steps down as President and CEO; becomes Executive Vice Chairman of the Board.
Annual base salary raised from $1 to $770,000 effective February 28, 2022.
2022 target restricted performance stock rights grant reduced to $1.45M from prior year $4.40M.
Transition had been previously disclosed on January 31, 2022 Form 8-K.

item 5.02

Executive movements

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Role change

C. Michael Petters

Executive Vice Chairman

HII · HUNTINGTON INGALLS INDUSTRIES, INC.

Effective: 2022-03-01
Filed: March 4, 2022, 6:59 PM ET

C. Michael Petters would retire from his position as President and Chief Executive Officer (Principal Executive Officer) and transition to his new position as an employee of the Company and Executive Vice Chairman of the Board of Directors, effective March 1, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

C. Michael Petters changed role as Executive Vice Chairman at HUNTINGTON INGALLS INDUSTRIES, INC..

Action: retired and transitioned
Role: Executive Vice Chairman

Exact text from the filing

C. Michael Petters would retire from his position as President and Chief Executive Officer (Principal Executive Officer) and transition to his new position as an employee of the Company and Executive Vice Chairman of the Board of Directors, effective March 1, 2022.

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Source: SEC EDGAR

accession 0001193125-22-065623

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