01—Abstract
Summary
Summary of the 8-K filed December 22, 2022. Cited figures are marked; the original filing is the authoritative source.
Boeing has entered into a three-year consulting agreement with GCubed Group LLC, an entity owned by Leanne G.
Caret, who previously served as Executive Vice President and Senior Advisor and former President and Chief Executive Officer of Defense, Space & Security. This agreement, effective January 1, 2023, will see GCubed Group LLC provide consulting services focused on veterans recruiting and college/university relations. This arrangement provides for a monthly payment of $20,000a to the consultant, plus reimbursement for reasonable travel expenses.
The agreement can be terminated by either party with 30 days' written notice. While this filing primarily concerns a consulting arrangement for a former executive, investors should note that it signifies a continuation of engagement in specific strategic areas, potentially leveraging Ms. Caret's experience.
02—Key points
Key Highlights
- Boeing enters into a three-year consulting agreement with GCubed Group LLC, owned by former EVP Leanne G. Caret.
- The agreement commences on January 1, 2023, and focuses on veterans recruiting and college/university relations.
- Consulting services will be provided by GCubed Group LLC, owned by Leanne G. Caret, who held senior leadership roles in Defense, Space & Security.
- The consultant will receive $20,000 per month for services rendered.
- Reimbursement for reasonable and normal travel-related expenses is included in the agreement.
- Either party can terminate the agreement with 30 days' written notice.
03—Questions
Frequently Asked Questions
Who is GCubed Group LLC and what is its relationship to Boeing?
GCubed Group LLC is an entity owned by Leanne G. Caret, who was formerly the Executive Vice President and Senior Advisor and President and Chief Executive Officer of Boeing's Defense, Space & Security division. Boeing has entered into a consulting agreement with this entity.
What services will GCubed Group LLC provide?
GCubed Group LLC will provide consulting services to Boeing on matters relating to veterans recruiting and college/university relations.
What is the financial compensation for these consulting services?
The consultant, GCubed Group LLC, will receive $20,000 per month for its services, in addition to reimbursement for reasonable and normal travel-related expenses.
What is the duration of this consulting agreement?
The consulting agreement has a term of three years, commencing on January 1, 2023. However, it can be terminated earlier by either party with 30 days' written notice.
04—Continue