8-KLeadership Changes

GENERAL DYNAMICS CORP 8-K Report, Executive Changes (Mar 14, 2017)

Filed March 14, 2017For Securities:GD

Summary

This 8-K filing from General Dynamics Corporation (GD) reports a change in its Board of Directors. Mary T. Barra has decided not to seek re-election to the Board at the upcoming annual meeting, with her departure being amicable and not due to any disagreements with the company. This change indicates a typical board refreshment process. In parallel, the company has nominated Catherine B. Reynolds, currently the Chairman and CEO of EduCap, Inc., for election to the Board. This nomination suggests the company is looking to add new expertise and perspectives to its governance. Investors should monitor the upcoming annual meeting and review the proxy statement for further details on Ms. Reynolds' background and any other board-related proposals.

Key Highlights

  • 1Mary T. Barra will not stand for re-election to the Board of Directors.
  • 2Ms. Barra's decision is not based on any disagreement with General Dynamics.
  • 3Catherine B. Reynolds has been nominated to join the Board of Directors.
  • 4Ms. Reynolds is the Chairman and Chief Executive Officer of EduCap, Inc.
  • 5The election of Ms. Reynolds is scheduled for the Annual Meeting of Shareholders on May 3, 2017.
  • 6Further information on Ms. Reynolds will be provided in the company's proxy statement.

Frequently Asked Questions

Mary T. Barra has informed General Dynamics that she will not stand for re-election to the company's Board of Directors at the next annual meeting. Her decision was not a result of any disagreement with the company.

Catherine B. Reynolds is the Chairman and Chief Executive Officer of EduCap, Inc. She has been nominated to join the Board of Directors, likely to bring her leadership experience and strategic perspective to the company's governance.

Catherine B. Reynolds is nominated for election at the company's Annual Meeting of Shareholders, which is scheduled to be held on May 3, 2017.

Detailed information about Catherine B. Reynolds, including her background and qualifications, will be included in General Dynamics' proxy statement, which will be provided to shareholders in advance of the Annual Meeting of Shareholders.