8-KLeadership Changes

CURTISS WRIGHT CORP 8-K Report, Executive Changes (May 6, 2008)

Filed May 6, 2008For Securities:CW

Summary

This Form 8-K filing by Curtiss-Wright Corporation (CW) on May 6, 2008, reports on two key personnel changes. First, Admiral (Ret.) James B. Busey IV retired from the Board of Directors due to reaching the company's mandatory retirement age, with no disputes cited. This marks the departure of a long-standing director, which investors may note for board continuity. Second, the company announced the appointment of Glenn Coleman as Vice President and Corporate Controller, succeeding Kevin McClurg. Mr. Coleman brings extensive financial experience from Alcatel Lucent, including roles as VP Finance and Controller. Mr. McClurg will transition to Vice President of Finance for the Flow Control Segment for personal reasons. These leadership changes in finance and oversight roles are significant for investors assessing the company's financial reporting and governance structure.

Key Highlights

  • 1Admiral (Ret.) James B. Busey IV retired from the Board of Directors on May 2, 2008, upon term expiration.
  • 2Admiral Busey's retirement was due to the company's mandatory retirement age and not due to any disagreements.
  • 3Glenn Coleman was appointed Vice President and Corporate Controller, effective May 6, 2008.
  • 4Mr. Coleman has 10 years of experience at Alcatel Lucent (formerly Lucent Technologies) in various finance roles.
  • 5Mr. Coleman's predecessor, Kevin McClurg, will move to Vice President of Finance for the Flow Control Segment.
  • 6Mr. McClurg's move is for personal reasons and not due to any disagreements with the company.
  • 7Glenn Coleman is a Certified Public Accountant and holds a BS in Business Administration.

Frequently Asked Questions

Admiral Busey retired from the Board of Directors upon the expiration of his current term because he reached Curtiss-Wright Corporation's mandatory retirement age. This retirement was not a result of any disagreements with the company or concerns regarding its operations, policies, or practices.

Glenn Coleman has been appointed as the new Vice President and Corporate Controller of Curtiss-Wright Corporation, effective May 6, 2008. He brings extensive financial experience from his previous roles at Alcatel Lucent.

Kevin McClurg, the former Vice President and Corporate Controller, has accepted the position of Vice President of Finance for Curtiss-Wright Corporation's Flow Control Segment. He indicated this decision was based on personal reasons.

The filing states that there are no proposed or existing transactions to which the company is a party where the amount involved exceeds $120,000 and in which Mr. Coleman had or will have a direct or indirect material interest. This suggests no immediate financial conflicts of interest were identified in relation to his appointment.