secwatch.observer — SEC 8-K summary
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Issuer:     HUNTINGTON INGALLS INDUSTRIES, INC. (HII)
CIK:        0001501585
Form:       8-K
Filed at:   2022-03-04T23:59:59+00:00
Accession:  0001193125-22-065623
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1501585/000119312522065623/0001193125-22-065623-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1501585/000119312522065623/d198358d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-065623

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