8-KLeadership ChangesRegulation FDExhibits & Filings

HONEYWELL INTERNATIONAL INC 8-K Report, Executive Changes (Feb 1, 2024)

Filed February 1, 2024For Securities:HONHONIV

Summary

Honeywell International Inc. (HON) announced a significant leadership transition through an 8-K filing on February 1, 2024. Effective June 7, 2024, current CEO Vimal Kapur will also assume the role of Chairman of the Board, succeeding Darius Adamczyk. Mr. Adamczyk will retire from the Board at that time but will continue to serve as a Senior Advisor to the company, ensuring a smooth handover and continued guidance. Furthermore, the company's independent directors have elected William S. Ayer to succeed D. Scott Davis as Independent Lead Director, effective May 14, 2024, coinciding with the Annual Meeting of Shareowners. Mr. Davis will remain on the Board as an independent director and will continue to chair the Audit Committee. These appointments, subject to shareholder election at the upcoming Annual Meeting, reflect a strategic succession plan aimed at ensuring experienced leadership continuity within the company.

Key Highlights

  • 1Vimal Kapur, currently CEO and Director, to become Chairman of the Board effective June 7, 2024.
  • 2Darius Adamczyk to retire from the Board on June 7, 2024, and will serve as Senior Advisor.
  • 3William S. Ayer elected as Independent Lead Director, effective May 14, 2024.
  • 4D. Scott Davis will remain an independent director and Chairman of the Audit Committee.
  • 5These leadership changes are subject to the election of the individuals to the Board at the Annual Meeting of Shareowners on May 14, 2024.
  • 6No undisclosed arrangements or related party transactions are associated with Mr. Kapur's election as Chairman.

Frequently Asked Questions

Honeywell announced that Vimal Kapur, the current CEO, will become Chairman of the Board effective June 7, 2024. Darius Adamczyk will retire from the Board on that date and become a Senior Advisor. Additionally, William S. Ayer has been elected Independent Lead Director, effective May 14, 2024, succeeding D. Scott Davis, who will remain on the Board and as Chairman of the Audit Committee.

The transition of Vimal Kapur to Chairman and Darius Adamczyk's retirement from the Board will be effective on June 7, 2024. The appointment of William S. Ayer as Independent Lead Director will be effective as of the Annual Meeting of Shareowners on May 14, 2024.

Upon his retirement from the Board on June 7, 2024, Darius Adamczyk will continue to contribute to Honeywell by serving as a Senior Advisor to the Company.

The election of Vimal Kapur as Chairman and William S. Ayer as Independent Lead Director is subject to their formal election to the Board of Directors at Honeywell's Annual Meeting of Shareowners scheduled for May 14, 2024.