Summary
General Dynamics Corporation (GD) announced the election of John G. Stratton to its Board of Directors, effective February 5, 2020. Mr. Stratton has also been appointed to the Finance and Benefit Plans Committee. This appointment is a key governance update, bringing in a new director who will participate in critical financial oversight committees. The filing indicates no undisclosed arrangements or transactions involving Mr. Stratton that would require specific disclosure.
Key Highlights
- 1John G. Stratton elected to General Dynamics Board of Directors.
- 2Mr. Stratton's appointment is effective immediately as of February 5, 2020.
- 3Mr. Stratton has been appointed to the Finance and Benefit Plans Committee.
- 4There are no disclosed arrangements or understandings regarding Mr. Stratton's election.
- 5The company is not aware of any Item 404(a) disclosable transactions involving Mr. Stratton.
- 6Mr. Stratton will receive standard compensation for non-employee directors.
Frequently Asked Questions
John G. Stratton has been elected as a new member of General Dynamics' Board of Directors, effective February 5, 2020. He has also been appointed to the Finance and Benefit Plans Committee.
The filing states there are no arrangements or understandings between Mr. Stratton and any other person concerning his election as a director, and the company is not aware of any transactions requiring disclosure under Item 404(a) of Regulation S-K.
As a non-employee director, Mr. Stratton will receive the same compensation as other non-employee directors of the company, as detailed in the company's proxy statement.