---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-065623"
form_type: "8-K"
ticker: "HII"
cik: "0001501585"
company_name: "HUNTINGTON INGALLS INDUSTRIES, INC."
filed_at: "2022-03-04T23:59:59+00:00"
generated_at: "2026-06-27T01:32:11.441292+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-065623
- form_type: 8-K
- ticker: HII
- cik: 0001501585
- company_name: HUNTINGTON INGALLS INDUSTRIES, INC.
- filed_at: 2022-03-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1501585/000119312522065623/0001193125-22-065623-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1501585/000119312522065623/d198358d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-065623
- JSON: https://secwatch.observer/filing/0001193125-22-065623.json
- Plain text: https://secwatch.observer/filing/0001193125-22-065623.txt

## Key facts
- Executive change
  C. Michael Petters changed role as Executive Vice Chairman at HUNTINGTON INGALLS INDUSTRIES, INC..
  - Action: retired and transitioned
  - Role: Executive Vice Chairman
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1501585/000119312522065623/0001193125-22-065623-index.htm

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