Summary
Honeywell International Inc. (HON) announced a significant addition to its Board of Directors with the appointment of Deborah Flint, CEO of Los Angeles World Airports (LAWA). Ms. Flint's appointment as an independent director, effective October 7, 2019, is expected to bring valuable expertise to the board. She will stand for re-election at the company's 2020 Annual Meeting of Shareowners. In addition to this director appointment, Honeywell also amended its 2016 Stock Plan for Non-Employee Directors. While the specifics of the amendment are detailed in an exhibit, the general framework for director compensation remains in line with previously disclosed practices. Investors should note that this filing primarily concerns governance and board composition rather than immediate financial performance updates.
Key Highlights
- 1Deborah Flint, CEO of Los Angeles World Airports (LAWA), appointed as an independent Director to Honeywell's Board.
- 2Ms. Flint's appointment is effective immediately as of October 7, 2019.
- 3She will stand for re-election at the 2020 Annual Meeting of Shareowners.
- 4Ms. Flint will receive compensation in accordance with the Company's non-employee director compensation practices.
- 5The Company amended Schedule A to its 2016 Stock Plan for Non-Employee Directors.
- 6Exhibit 99.1 contains the press release regarding Ms. Flint's appointment.
- 7Exhibit 99.2 contains the amendment to the non-employee director stock plan.