01—Abstract
Summary
Summary of the 8-K/A filed February 13, 2024. Cited figures are marked; the original filing is the authoritative source.
General Dynamics Corporation (GD) has filed an 8-K/A amendment to announce a significant executive transition and related compensation.
Effective February 15, 2024, Kimberly A. Kuryea will move from Senior Vice President, Human Resources and Administration, to the critical role of Senior Vice President and Chief Financial Officer (CFO). This appointment is a key development for investors as it addresses a leadership position with direct impact on the company's financial reporting and strategic direction.
02—Key points
Key Highlights
- Kimberly A. Kuryea appointed as Senior Vice President and Chief Financial Officer, effective February 15, 2024.
- Ms. Kuryea's base salary for the CFO role is set at $950,000 annually.
- Target annual incentive opportunity for the new CFO role is 115% of base salary.
- Long-term incentive compensation for the CFO will follow the company's established equity compensation approach outlined in the 2023 proxy statement.
- This filing is an amendment (8-K/A) to a previous report, indicating a subsequent determination of compensation details.
- The appointment addresses leadership in a key financial role, crucial for investor confidence and company performance.
03—Questions
Frequently Asked Questions
Who is the new Chief Financial Officer and when does the appointment take effect?
Kimberly A. Kuryea has been appointed as the new Senior Vice President and Chief Financial Officer, effective February 15, 2024.
What is the compensation package for the new CFO?
The new CFO, Kimberly A. Kuryea, will receive a base salary of $950,000, a target annual incentive of 115% of her base salary, and long-term equity incentives determined according to the company's established proxy statement guidelines.
Why is this filing an 8-K/A (Amendment)?
This filing is an amendment (8-K/A) because the initial announcement of Ms. Kuryea's transition was made on January 5, 2024, and this filing on February 12, 2024, provides the subsequent determination of her compensation arrangement for the CFO role, which occurred on February 8, 2024.
04—Continue