Summary
This Form 8-K filing from Honeywell International Inc. (HON) on November 17, 2006, reports the resignation of Bruce Karatz as a director, effective November 14, 2006. The company explicitly states that Mr. Karatz's departure was not due to any disagreements regarding Honeywell's operations, policies, or practices, which is a key detail for investors seeking to understand board-level changes. In conjunction with this change, Russell Palmer, a sitting director, has been appointed as the Chairman of the Corporate Governance and Responsibility Committee. This administrative shift within the board structure, while not indicative of operational issues, is a standard disclosure that investors monitor for changes in governance leadership.
Key Highlights
- 1Bruce Karatz resigned as a director of Honeywell International Inc. effective November 14, 2006.
- 2Honeywell stated that Mr. Karatz's resignation was not related to any disagreements concerning the company's operations, policies, or practices.
- 3Russell Palmer, a current director, has been appointed as the Chairman of the Corporate Governance and Responsibility Committee.
- 4This filing is categorized under Item 5.02, which pertains to the departure/election of directors and officers.