---
schema_version: "secwatch.filing_event.v1"
accession: "0001833756-25-000008"
form_type: "8-K"
ticker: "DRS"
cik: "0001833756"
company_name: "Leonardo DRS, Inc."
filed_at: "2025-10-29T23:59:59+00:00"
generated_at: "2026-05-17T01:42:40.993193+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Leonardo DRS CEO Lynn to retire; COO Baylouny named CEO, Townsend Chair effective Jan 1 2026

## Summary
- William J. Lynn III to retire as CEO and Chairman effective Dec 31, 2025; will remain employee through Apr 1, 2026.
- John Baylouny, current COO (since 2018), appointed President & CEO and Board member effective Jan 1, 2026.
- Frances F. Townsend, lead independent director, named Chair of the Board effective Jan 1, 2026.
- Baylouny's employment agreement: $950,000 base salary, 120% target bonus, $2.5M LTI target for 2026.
- Lynn receives lump sum equal to 2026 target bonus, continued RSU vesting, and 18 months COBRA reimbursement.

## SEC filing metadata
- accession: 0001833756-25-000008
- form_type: 8-K
- ticker: DRS
- cik: 0001833756
- company_name: Leonardo DRS, Inc.
- filed_at: 2025-10-29T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1833756/000183375625000008/0001833756-25-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1833756/000183375625000008/drs-20251027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001833756-25-000008
- JSON: https://secwatch.observer/filing/0001833756-25-000008.json
- Plain text: https://secwatch.observer/filing/0001833756-25-000008.txt

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