LHX 8-K Current Reports
L3HARRIS TECHNOLOGIES, INC. /DE/ - 420 current reports
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Shareholder Vote Results (May 12, 2026)
L3Harris Technologies, Inc. (LHX) filed an 8-K on May 12, 2026, detailing the results of its 2026 Annual Meeting of Shareholders held on May 11, 2026. The meeting saw strong shareholder participation with approximately 92.2% of outstanding shares represented, indicating high engagement. Key outcomes include the overwhelmingly successful election of all eleven director nominees to the Board, alongside the advisory approval of named executive officer compensation and the ratification of Ernst & Young LLP as the independent auditor for the upcoming fiscal year. Of particular note for investors, the shareholder proposal seeking to enhance the ability to call special meetings was rejected, suggesting a preference among the majority of shareholders for the current governance structure or a lack of consensus on the proposed changes. The strong support for director elections and executive compensation indicates shareholder confidence in the current leadership and operational direction of the company.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Financial Results (Apr 30, 2026)
L3Harris Technologies, Inc. (LHX) filed an 8-K on April 30, 2026, to report its first quarter financial results for the period ending March 31, 2026. The filing primarily consists of furnishing the earnings release, which contains the detailed financial performance and operational updates for the quarter. Investors should refer to the furnished Exhibit 99.1 for the specific financial figures, including revenue, net income, earnings per share, and any forward-looking guidance provided by the company. While the 8-K itself does not contain extensive new disclosures beyond referencing the earnings release, it serves as the official notification of the company's financial performance for the first quarter. The earnings release will likely detail key business segment performance, any significant contract awards or losses, and management's outlook on future business conditions and strategic priorities. Investors are encouraged to review the earnings release thoroughly for a comprehensive understanding of LHX's current financial standing and future prospects.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Corporate Update (Apr 23, 2026)
L3Harris Technologies (LHX) has entered into significant agreements with the U.S. Department of War, injecting $1 billion into its wholly owned subsidiary, Aerojet Rocketdyne Holdings, Inc. (AJRD). This strategic investment is aimed at bolstering the U.S. defense industrial base by enabling AJRD to expand and modernize its facilities, accelerate R&D, and increase production capacity for critical technologies. This move suggests a strong commitment to enhancing national security capabilities and strengthening L3Harris's role within the defense sector. The investment is structured through the sale of Series A Convertible Preferred Stock and warrants in AJRD. Upon an eventual IPO of AJRD, the preferred stock will convert into common stock at a discount to the IPO price, and warrants will be exchanged for new warrants representing a percentage of the IPO company's stock on a diluted basis. While the Department of War is expected to own less than 10% post-IPO on an as-exercised basis, the arrangement provides the government with a stake and influence in a key defense asset, aligning with strategic national objectives.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Executive Changes (Mar 12, 2026)
L3Harris Technologies, Inc. (LHX) announced a significant leadership change within its executive team, appointing Mr. Sam Mehta as the President of both the Space & Mission Systems and Communications & Spectrum Dominance segments, effective March 16, 2026. This appointment consolidates leadership over two key business areas under Mr. Mehta, who has prior experience leading the Communication Systems segment and significant tenure in the aerospace and defense industry. The company intends to continue reporting financial results for each of its three segments individually, maintaining its current reporting structure. This strategic realignment follows the departure of Jonathan Rambeau, the former President of the Communications & Spectrum Dominance segment, who is leaving to pursue other opportunities. In conjunction with his expanded role, Mr. Mehta's compensation has been adjusted to include a higher base salary and a substantial equity grant, reflecting the increased responsibilities. Investors will be keen to monitor the integration of these segments under a single leader and the impact on operational synergies and financial performance.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Executive Changes (Mar 2, 2026)
L3Harris Technologies, Inc. (LHX) has announced a significant leadership change in its finance department with the appointment of Kenneth Sharp as the new Senior Vice President and Chief Financial Officer, effective March 16, 2026. This appointment marks a transition for the current CFO, Kenneth Bedingfield, who will now concentrate on his role as President of the Missile Solutions segment. Mr. Sharp brings a wealth of experience from his previous roles as CFO at Peraton, Inc., and Executive Vice President and CFO at DXC Technology Company, along with his tenure at Northrop Grumman Corporation, underscoring his extensive background in the defense and technology sectors. Investors can anticipate a strong financial leadership transition with Mr. Sharp's extensive experience. His compensation package includes a base salary of $875,000, target annual cash incentive of 100% of base salary, and target annual equity of $3,250,000. Additionally, he will receive a $3,500,000 restricted stock unit grant to offset forgone equity from his previous employer, vesting over four years, and a $1,000,000 cash sign-on bonus. This comprehensive package reflects the company's investment in experienced leadership to guide its financial strategy.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Corporate Update (Feb 6, 2026)
L3Harris Technologies (LHX) announced that its Chairman and CEO, Christopher Kubasik, has established a Rule 10b5-1 trading plan. This plan, adopted during an open trading window and effective from May 2026 through October 2026, allows for the sale of up to 129,501 vested stock options and 60,000 shares of common stock. The sales are subject to predetermined dates and minimum price thresholds, with Mr. Kubasik relinquishing control over the timing and execution of these transactions, aligning with SEC regulations and company policy. This proactive measure demonstrates Mr. Kubasik's adherence to compliance and governance standards. The planned sales represent a small portion of his holdings, which significantly exceed company ownership guidelines. Investors should note that these transactions are intended to diversify holdings and will be publicly disclosed via Form 4 and Form 144 filings. The company has stated it will not provide further updates on other executive trading plans.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Financial Results (Jan 29, 2026)
L3Harris Technologies, Inc. (LHX) filed an 8-K on January 29, 2026, to report its fourth-quarter financial results, which were released on the same day. While the filing itself does not contain detailed financial figures, it incorporates by reference an earnings release (Exhibit 99.1) that provides the specific operational and financial data for the quarter ending January 28, 2026. Investors should refer to the furnished earnings release for comprehensive details on the company's performance, including revenue, profitability, and any forward-looking guidance. This 8-K serves as the official notification and filing mechanism for the earnings announcement. It's important for investors to note that the information furnished under Item 2.02, including the earnings release, is not deemed "filed" for regulatory purposes under Section 18 of the Exchange Act, nor is it automatically incorporated into other SEC filings. Therefore, investors should specifically review Exhibit 99.1 for any required financial details and strategic commentary.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Executive Changes (Jan 5, 2026)
L3Harris Technologies, Inc. (LHX) filed an 8-K on January 5, 2026, reporting a key executive transition and a significant business restructuring. Edward Zoiss has been appointed Vice President, Engineering & Innovation, a move that follows his departure as President of the Space & Airborne Systems segment. This leadership change within a critical R&D function suggests a continued focus on technological advancement and innovation across the company.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Financial Results (Oct 30, 2025)
L3Harris Technologies, Inc. (LHX) has filed a Form 8-K to report its third-quarter financial results, which were released on October 30, 2025. This filing primarily serves to furnish the earnings release detailing these results, which is incorporated by reference as Exhibit 99.1. Investors should refer to this exhibit for the specific financial performance data, key operating metrics, and any forward-looking statements or guidance provided by the company for the third quarter of 2025. While the 8-K itself does not contain the detailed financial figures, it signals the official release of this information. The company's performance in areas such as revenue, profitability, backlog, and segment performance will be crucial for understanding its current operational health and future prospects. Investors are advised to carefully review the furnished earnings release (Exhibit 99.1) for a comprehensive understanding of L3Harris's financial condition and results of operations for the period.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Financial Results (Jul 24, 2025)
L3Harris Technologies (LHX) has filed an 8-K report on July 24, 2025, to announce its second-quarter financial results. This filing, specifically Item 2.02, incorporates an earnings release (Exhibit 99.1) which provides the details of the company's performance for the period ending July 23, 2025. Investors should refer to the furnished earnings release for comprehensive financial data, including revenue, earnings per share, and any forward-looking guidance provided by the company. This report serves as the official notification of these results to the market. While the 8-K itself does not contain the detailed financial figures, it directs investors to the earnings release for crucial information. This includes an overview of the company's operational and financial condition for the second quarter. As this is a furnished, not filed, exhibit, it does not carry the same liability under Section 18 of the Exchange Act. Investors should treat this information as a key update on LHX's performance and outlook, with the full details available in the referenced exhibit.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Corporate Update (Jul 18, 2025)
L3Harris Technologies, Inc. (LHX) announced a modest increase in its annual equity retainer for Board members, effective January 3, 2026. The annual equity retainer will rise from $190,000 to $200,000 in director share units. This change, recommended by the Nominating and Governance Committee, reflects an adjustment to director compensation. The company has also filed an updated Summary of Annual Compensation for Non-Employee Directors as an exhibit to this report.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Corporate Update (Jun 13, 2025)
L3Harris Technologies, Inc. (LHX) announced that its Chair and CEO, Christopher E. Kubasik, has established a pre-arranged trading plan for executive stock options and the sale of shares. This plan, adopted under Rule 10b5-1, allows for the exercise of vested options to purchase up to 97,171 shares granted in 2018, with sales scheduled to occur between September and December 2025, subject to minimum price thresholds. Importantly, Mr. Kubasik will have no discretion over the timing or execution of these sales once the plan is in effect, ensuring compliance with insider trading regulations. This proactive measure demonstrates a structured approach to managing executive compensation and liquidity while adhering to strict regulatory requirements. Investors can view these upcoming transactions as part of a predetermined strategy rather than indicative of a change in management's confidence in the company's future performance. All transactions will be publicly disclosed via Form 4 and Form 144 filings.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Corporate Update (Apr 30, 2025)
L3Harris Technologies, Inc. (LHX) announced that its CEO, Christopher E. Kubasik, has established a Rule 10b5-1 trading plan for the exercise of employee stock options and the subsequent sale of up to 147,411 shares. This plan is designed to comply with SEC regulations and the company's insider trading policies, ensuring that Mr. Kubasik has no discretionary control over the timing or execution of these transactions once established. The shares are expected to be sold between July 2025 and September 2025, subject to predetermined price thresholds. This proactive measure allows the CEO to diversify his holdings and manage his equity in a structured manner, while also providing transparency to investors. The plan covers vested options granted in 2017 that are set to expire in 2027. The company has also noted that it will not be reporting on other potential 10b5-1 plans from other executives or directors, unless required by its periodic SEC filings.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Financial Results (Apr 24, 2025)
L3Harris Technologies, Inc. (LHX) filed a Form 8-K on April 24, 2025, to announce its first quarter financial results for the period ending April 23, 2025. While the filing itself does not contain the detailed financial data, it incorporates by reference the earnings release (Exhibit 99.1) which provides the comprehensive results. Investors should refer to this earnings release for specific details on revenue, profitability, segment performance, and any forward-looking guidance provided by the company for the upcoming quarters. This filing is a routine update and serves to disseminate the official first quarter financial performance information. As is standard practice, the information furnished under Item 2.02 is not considered "filed" for regulatory liability purposes but is crucial for understanding the company's current operational and financial standing. Investors are encouraged to review the accompanying earnings release for a complete picture of LHX's performance and outlook.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Shareholder Vote Results (Apr 22, 2025)
L3Harris Technologies, Inc. (LHX) filed an 8-K report detailing the results of its 2025 Annual Meeting of Shareholders held on April 18, 2025. A significant majority of outstanding shares, approximately 92.1%, were represented, indicating strong shareholder engagement. The meeting focused on routine corporate governance matters, with all proposals receiving substantial shareholder support, with the exception of a shareholder proposal on lobbying transparency. This filing provides investors with insight into the company's governance structure and shareholder sentiment on key issues. The election of directors saw all thirteen nominees receive overwhelming approval, reinforcing the board's continuity and the confidence shareholders have in its leadership. Similarly, the advisory vote to approve named executive officer compensation was passed, suggesting general satisfaction with the company's executive pay practices. Furthermore, the appointment of Ernst & Young LLP as the independent registered public accounting firm was ratified, a standard procedural outcome that affirms the established audit process. The rejection of the "Transparency in Lobbying" shareholder proposal indicates that a majority of voting shareholders did not support this specific initiative at this time.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Material Agreement (Feb 21, 2025)
L3Harris Technologies, Inc. (LHX) announced the establishment of two new senior unsecured revolving credit facilities, replacing existing ones. The company has secured a $2.5 billion, five-year credit facility maturing in February 2030 and a $500 million, 364-day facility maturing in February 2026. These facilities are designed to provide liquidity and flexibility for general corporate purposes. The terms indicate a strong credit profile, with interest rates and fees tied to L3Harris's senior unsecured long-term debt ratings, allowing for favorable pricing as the company's credit quality improves. This strategic move enhances L3Harris's financial flexibility by increasing its overall revolving credit capacity and extending the maturity of its primary credit line. The replacement of the older facilities, with no early termination penalties, suggests a proactive approach to debt management and a confidence in the company's ongoing financial stability and future prospects. Investors should note the details regarding borrowing options, interest rate structures (including SOFR and Base Rate alternatives), applicable margins, and unused commitment fees, all of which are subject to the company's credit ratings.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Corporate Update (Feb 4, 2025)
L3Harris Technologies, Inc. (LHX) announced that its Chair and CEO, Christopher E. Kubasik, has established a pre-arranged trading plan for the exercise and sale of company stock options. This plan, adopted under Rule 10b5-1, allows for the sale of vested options to purchase 35,273 shares, granted in February 2017 and expiring in February 2027. The sales are scheduled to commence in May 2025 and conclude by June 12, 2025, subject to minimum price thresholds and predetermined dates, with Mr. Kubasik having no discretion over the actual transactions. This development is significant for investors as it provides insight into executive stock management and potential future stock liquidity. The plan ensures compliance with securities regulations and internal policies, with all transactions to be publicly disclosed via Form 4 and Form 144 filings. While the company will not report on other executive 10b5-1 plans, this disclosure for the CEO signals a structured approach to managing his equity holdings.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Financial Results (Jan 30, 2025)
L3Harris Technologies, Inc. (LHX) has filed a Current Report on Form 8-K to announce its fourth quarter financial results, released on January 30, 2025. While the filing itself does not contain the detailed financial figures, it references an accompanying earnings release (Exhibit 99.1) which provides the specific results for the period. Investors should refer to this earnings release for a comprehensive understanding of the company's performance, including key metrics such as revenue, earnings per share, and any forward-looking guidance provided. The furnishing of this information under Item 2.02 signifies that L3Harris has officially communicated its quarterly performance. It is important to note that information furnished under Item 2.02 is not considered "filed" for the purposes of Section 18 of the Securities Exchange Act, meaning it is not subject to the same level of regulatory scrutiny as if it were formally filed. However, it remains a crucial source of information for assessing the company's financial health and operational achievements.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Executive Changes (Dec 27, 2024)
L3Harris Technologies, Inc. (LHX) filed an 8-K on December 26, 2024, reporting the retirement of General (ret.) Peter W. Chiarelli from its Board of Directors, effective at the end of 2024. This departure is in accordance with the Company's retirement policy and is not due to any disagreements regarding the Company's operations, policies, or practices. Mr. Chiarelli has served on the Board for twelve years, and his retirement will be effective at the upcoming annual shareholder meeting where he will not be standing for re-election. The Company expressed gratitude for his service. This filing is primarily administrative and does not indicate any significant operational or financial changes for the company.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Corporate Update (Nov 27, 2024)
L3Harris Technologies, Inc. (LHX) announced on November 26, 2024, that its CEO, Christopher E. Kubasik, has established a pre-arranged stock option exercise and sale plan under Rule 10b5-1. This plan allows for the exercise of 112,138 vested stock options granted in February 2017 and the subsequent sale of the issued shares. The sales are scheduled to commence in March 2025 and conclude by March 25, 2025, contingent upon specific price thresholds. This action, taken during an open trading window and without executive discretion over individual sales, aims to diversify Mr. Kubasik's holdings and ensure compliance with company stock ownership guidelines. The transactions will be publicly disclosed through SEC filings, providing transparency to investors. The company has stated it will not routinely report on similar plans established by other executives or directors.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Financial Results (Oct 24, 2024)
L3Harris Technologies, Inc. (LHX) filed a Form 8-K on October 24, 2024, to report its third-quarter financial results. The key takeaway for investors is the release of this earnings data, which provides an update on the company's operational and financial performance during the third quarter of 2024. While the 8-K itself is a procedural filing, the furnished earnings release (Exhibit 99.1) contains the substantive financial information investors will want to analyze.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Executive Changes (Oct 16, 2024)
L3Harris Technologies, Inc. (LHX) announced a key board refreshment in an 8-K filing dated October 16, 2024. The company has increased its Board of Directors from fourteen to fifteen members and appointed David S. Regnery as an independent director. Mr. Regnery brings significant executive experience, having served as CEO and Board Chair of Trane Technologies plc. This appointment is part of a pre-existing cooperation agreement with D. E. Shaw entities, aimed at bolstering the board with independent expertise. Investors should note that Mr. Regnery's appointment is a direct result of a December 2023 agreement, indicating ongoing strategic discussions and board evolution. His extensive background in industrial operations and corporate leadership is expected to provide valuable oversight and strategic guidance as L3Harris continues to navigate its operational and market landscape. The company has also furnished a press release detailing this appointment, which is incorporated by reference.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Corporate Update (Aug 2, 2024)
L3Harris Technologies (LHX) announced the closing of a $600 million debt offering of 5.500% Notes due 2054. This issuance was conducted under the company's existing shelf registration statement. The net proceeds are intended for general corporate purposes, with specific mention of repaying commercial paper and retiring the $600 million aggregate principal amount of 3.832% Notes due 2025 upon their maturity.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Corporate Update (Jul 29, 2024)
L3Harris Technologies, Inc. (LHX) announced that its Chair and CEO, Christopher E. Kubasik, has established a Rule 10b5-1 trading plan for the exercise and sale of employee stock options. This pre-arranged plan is designed to comply with SEC regulations and the company's insider trading policies, and was initiated during an open trading window. Mr. Kubasik will not have discretion over the timing or price of sales under the plan. The plan involves vested options to purchase 56,624 shares, granted in February 2017, which are set to expire in February 2027. Sales of the underlying shares will commence in October 2024 and conclude by December 27, 2024, subject to predefined minimum price thresholds. This move indicates a structured approach to managing executive compensation and potential stock sales, with all transactions to be publicly disclosed.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Financial Results (Jul 25, 2024)
L3Harris Technologies, Inc. (LHX) filed an 8-K on July 25, 2024, to furnish its second quarter 2024 financial results, which were released on July 25, 2024. While the filing itself doesn't contain the detailed financial data, it serves as the official notification that the earnings release is available. Investors should refer to the furnished Exhibit 99.1 for the specific figures, including revenue, earnings per share, and any forward-looking guidance provided by the company for the upcoming quarters or the full fiscal year. This report is primarily procedural, indicating the public dissemination of quarterly financial performance. The absence of detailed numbers within the 8-K itself means that the core financial insights and management commentary are contained within the associated earnings release. Investors should pay close attention to trends in revenue growth, profitability margins, and any updates to the company's strategic outlook or capital allocation plans as presented in the earnings release.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Executive Changes (Jul 15, 2024)
L3Harris Technologies, Inc. (LHX) announced the retirement of Mr. Sean J. Stackley, Senior Vice President, Strategy, Growth & Technology, effective August 3, 2024. Mr. Stackley is a named executive officer and his departure represents a significant change in a key leadership role within the company. Investors should monitor the company's communications regarding the succession plan for this position to understand how L3Harris will continue to drive its strategy, growth, and technology initiatives. The filing also includes the standard cover page interactive data file.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Financial Results (Apr 25, 2024)
L3Harris Technologies (LHX) filed an 8-K on April 25, 2024, to report its first quarter financial results for the period ending April 24, 2024. While the filing itself is brief and primarily serves to attach the earnings release, the key takeaway for investors is the availability of these Q1 2024 financial results. The earnings release, furnished as Exhibit 99.1, contains the detailed financial performance and operational highlights for the quarter. Investors should refer to the earnings release (Exhibit 99.1) for comprehensive details on revenue, profitability, segment performance, and any forward-looking guidance provided by the company. This 8-K filing signals the official dissemination of this crucial financial information, allowing for analysis and comparison against expectations and prior periods.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Bylaw Amendment (Apr 23, 2024)
L3Harris Technologies, Inc. (LHX) filed an 8-K on April 23, 2024, detailing the results of its 2024 Annual Shareholder Meeting held on April 19, 2024. The key outcome for investors is the overwhelming approval of all management-proposed initiatives, including the election of all fourteen director nominees, advisory approval of executive compensation, the adoption of the 2024 Equity Incentive Plan, and the ratification of Ernst & Young LLP as the independent auditor for the upcoming fiscal year. Furthermore, shareholders approved an amendment to the Restated Certificate of Incorporation to limit officer liability, a move designed to enhance corporate governance. The company also reported strong shareholder turnout, with approximately 89% of outstanding shares represented at the meeting, indicating significant investor engagement. A shareholder proposal regarding lobbying transparency was notably rejected.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Executive Changes (Apr 10, 2024)
L3Harris Technologies, Inc. filed an 8-K on April 10, 2024, to announce a planned leadership transition in its accounting function. Effective May 1, 2024, John Cantillon will assume the role of Vice President and Principal Accounting Officer, succeeding Corliss J. Montesi. This change is part of a planned succession, and Ms. Montesi will remain with the company in a part-time capacity to facilitate the transition and support ongoing finance initiatives. The company stated there are no disagreements with Ms. Montesi concerning financial matters. The appointment of Mr. Cantillon brings extensive experience from his prior roles, including Vice President and Assistant Controller at L3Harris since December 2023, and various senior finance positions at Pratt & Whitney. His background as a certified public accountant and his educational credentials further bolster his qualifications for the role. This transition appears to be a strategic move to ensure continuity and leverage Mr. Cantillon's expertise in a key financial leadership position.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Corporate Update (Mar 14, 2024)
L3Harris Technologies, Inc. (LHX) has announced the successful closing of a significant debt offering, raising $2.25 billion through the issuance of three tranches of notes: $750 million in 5.050% Notes due 2029, $750 million in 5.250% Notes due 2031, and $750 million in 5.350% Notes due 2034. This offering was conducted under the company's existing shelf registration statement. The primary purpose of this debt issuance was to refinance existing debt. Specifically, L3Harris utilized the net proceeds to repay its $2.25 billion senior unsecured term loan facility maturing in 2025. This move indicates a strategic management of the company's debt profile, potentially to secure more favorable terms, extend maturity dates, or free up credit lines. Investors should note the specific interest rates and maturity dates of the new notes, as well as the company's proactive approach to managing its capital structure.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Executive Changes (Feb 23, 2024)
L3Harris Technologies (LHX) filed an 8-K on February 23, 2024, detailing a severance protection letter agreement with its CEO, Christopher E. Kubasik. This agreement, approved by the Board, provides severance benefits similar to the Company's Executive Change in Control Severance Plan, but with a reduced 'severance multiple' of 2 (instead of 3) and pro-rata bonus based on actual performance for terminations without cause or for good reason outside of a change-in-control period but before March 31, 2028. Additionally, the filing disclosed that Mr. Kubasik has established a Rule 10b5-1 trading plan to exercise vested stock options granted in 2016 and sell the underlying shares. This plan aims to comply with regulatory requirements and the Company's insider trading policies, with sales to occur between May and June 2024, subject to specific price thresholds. These actions provide clarity on executive compensation arrangements and potential future stock transactions.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Material Agreement (Jan 31, 2024)
L3Harris Technologies, Inc. (LHX) has established a new $1.5 billion, 364-day senior unsecured revolving credit facility, effective January 26, 2024. This new facility replaces a prior $2.4 billion facility that was set to mature in March 2024. The company incurred no early termination penalties for closing the prior facility early. This action signals a proactive approach to managing its liquidity and debt instruments, ensuring continued access to funding.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Financial Results (Jan 25, 2024)
L3Harris Technologies, Inc. (LHX) filed an 8-K on January 25, 2024, to report its fourth quarter and full-year 2023 financial results. The core of this filing is the furnished earnings release (Exhibit 99.1), which provides investors with the company's latest financial performance data. While the 8-K itself doesn't contain detailed financial tables or narrative analysis, it serves as the official notification and vehicle for delivering the earnings release to the SEC, making it a crucial document for tracking the company's financial health and operational updates. Investors should refer to the earnings release (Exhibit 99.1) for specific details on revenue, earnings per share (EPS), segment performance, and any forward-looking guidance. The filing highlights that this information is furnished, not filed, meaning it's for informational purposes and doesn't carry the same legal implications under Section 18 of the Exchange Act as a formally filed document. However, it's essential for understanding L3Harris's recent financial standing and strategic direction as communicated by management.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Executive Changes (Dec 29, 2023)
L3Harris Technologies, Inc. (LHX) has filed an 8-K report detailing a separation agreement with Michelle L. Turner. The agreement, approved by the Compensation Committee, outlines a comprehensive severance package for Ms. Turner, who will depart the company within 60 days of December 29, 2023. This package includes a significant cash payment of $1.6 million (one year's base salary and target bonus), an additional $951,200 in lieu of annual incentive plan payments, $18,000 for outplacement services, and $500,000 for transitional assistance. Furthermore, the agreement ensures 12 months of COBRA coverage at active employee rates and classifies Ms. Turner's departure as an involuntary separation for equity and other post-separation benefits. These provisions are contingent upon Ms. Turner releasing all claims against L3Harris and adhering to confidentiality, non-solicitation, and non-competition clauses for one year. Investors should note this as a material event impacting executive compensation and company operational continuity.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Corporate Update (Dec 15, 2023)
L3Harris Technologies (LHX) announced that its CEO, Christopher E. Kubasik, has established a pre-arranged trading plan for employee stock options. This plan, designed to comply with Rule 10b5-1, allows for the exercise of vested options and the subsequent sale of shares. The purpose is to diversify Mr. Kubasik's holdings while adhering to company policies and securities regulations. The plan specifically covers 46,258 stock options granted in 2015 that are set to expire in 2025. Sales under this plan will commence in March 2024 and conclude by early April 2024, subject to predetermined minimum price thresholds. This action by the CEO is being taken during an open trading window and with no discretion over the timing or pricing of the sales once the plan is in place, ensuring compliance with insider trading rules. The company clarified that it will not routinely report on similar plans established by other executives.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Material Agreement (Dec 11, 2023)
L3Harris Technologies (LHX) has entered into a cooperation agreement with D. E. Shaw, a significant shareholder. This agreement includes the immediate appointment of two new directors, Kirk S. Hachigian and William H. Swanson, to the Board, both with extensive experience in industrial and aerospace/defense sectors, respectively. These directors will be nominated for election at the 2024 annual meeting. The agreement also mandates the formation of a Business Review Committee to assess operational performance, cost structure, and shareholder value enhancement opportunities. D. E. Shaw will also identify an additional independent director for potential appointment and nomination. This development signals a proactive engagement between L3Harris and a key investor to drive strategic improvements and enhance shareholder value. The inclusion of experienced industry veterans on the Board, coupled with a dedicated committee for business review, suggests a focus on operational efficiency and potential portfolio optimization. Investors should monitor the findings and recommendations of the Business Review Committee and the integration of the new directors into the Board's governance.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Executive Changes (Dec 4, 2023)
L3Harris Technologies, Inc. (LHX) has announced a significant leadership change in its finance department with the appointment of Kenneth L. Bedingfield as the new Senior Vice President and Chief Financial Officer, effective December 11, 2023. Mr. Bedingfield brings extensive experience from his previous roles, including CEO of Epirus, Inc., and Corporate Vice President and CFO at Northrop Grumman Corporation. This transition involves the departure of Michelle L. Turner, with whom the company states there are no disagreements regarding financial matters. Investors should note the comprehensive compensation package offered to Mr. Bedingfield, which includes a base salary of $850,000, annual incentive targets of 100% of base salary, and significant equity awards. Additionally, he will receive a $200,000 sign-on bonus and is covered by the company's standard severance and change-in-control plans, providing a degree of financial security for both the executive and the company.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Financial Results (Oct 26, 2023)
L3Harris Technologies (LHX) filed an 8-K on October 26, 2023, to report its third quarter financial results for the period ending October 25, 2023. The filing includes an Investor Letter (Exhibit 99.2) and a press release (Exhibit 99.1) detailing these results. While this 8-K is primarily for informational purposes and the furnished information is not considered "filed" under Section 18 of the Exchange Act, it provides investors with key performance indicators and financial condition updates for the quarter. Investors should review the accompanying Investor Letter and press release for specific details on the company's performance, including revenue, earnings, and any forward-looking guidance or strategic updates. The filing serves as the official channel for disseminating this critical quarterly financial information to the public.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Corporate Update (Jul 31, 2023)
L3Harris Technologies, Inc. (LHX) has filed an 8-K report to disclose the closing of a significant debt offering. The company successfully issued and sold a total of $3.25 billion in aggregate principal amount of senior notes across three tranches: $1.25 billion of 5.400% Notes due 2027, $1.5 billion of 5.400% Notes due 2033, and $500 million of 5.600% Notes due 2053. This offering was conducted under the company's existing shelf registration statement. This substantial capital raise suggests L3Harris is either funding existing or future strategic initiatives, potential acquisitions, or refinancing existing debt. Investors should note the specific coupon rates and maturity dates of these notes, which indicate the cost of capital and the long-term nature of this financing. The issuance was managed by BofA Securities, Inc. and J.P. Morgan Securities LLC.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Acquisition Completed (Jul 28, 2023)
L3Harris Technologies, Inc. (LHX) announced the successful completion of its acquisition of Aerojet Rocketdyne Holdings, Inc. on July 28, 2023. The merger was executed through a wholly-owned subsidiary, Aquila Merger Sub Inc., which merged with Aerojet Rocketdyne, making it a wholly-owned subsidiary of L3Harris. This strategic move is expected to enhance L3Harris's position in the aerospace and defense sector. Under the terms of the merger agreement, Aerojet Rocketdyne's common stockholders will receive $58.00 in cash for each share of common stock they hold. All outstanding Aerojet Rocketdyne stock appreciation rights, restricted stock awards, and restricted stock units have also vested and been converted into cash payments based on the merger consideration, with certain exceptions for RSUs granted after December 17, 2022. Investors should note that this is a cash-and-carry transaction, impacting L3Harris's cash position and potentially its leverage.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K/A Report, Financial Results (Jul 27, 2023)
L3Harris Technologies (LHX) filed an 8-K/A amendment on July 26, 2023, to correct a minor error in its previously issued Investor Letter. The correction pertains to the Non-GAAP Earnings Per Share (EPS) for the quarter ended July 1, 2022. The reported Non-GAAP EPS has been revised to $3.23 from a previously stated figure. This amendment is primarily administrative, aiming to ensure the accuracy of historical financial reporting. Investors should note that the core business operations and financial performance trends are not impacted by this correction. The company continues to provide Non-GAAP EPS as a key performance indicator, with a reconciliation available in the Investor Letter. Investors should always refer to the official filings for the most accurate and up-to-date financial information.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Financial Results (Jul 26, 2023)
L3Harris Technologies, Inc. (LHX) filed an 8-K on July 26, 2023, primarily to disclose its second-quarter financial results via an Investor Letter. While the details of the financial performance are within the furnished exhibits, the 8-K confirms the release of this information to the public. Investors should refer to the referenced Investor Letter for specific revenue, earnings, and operational metrics for the second quarter of 2023. Furthermore, the filing provides a significant update on the proposed acquisition of Aerojet Rocketdyne Holdings, Inc. The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired, paving the way for the merger to close around July 28, 2023, contingent on the satisfaction of remaining closing conditions. This development is crucial for L3Harris's strategic growth and market position in the aerospace and defense sector.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Executive Changes (Jul 24, 2023)
L3Harris Technologies (LHX) filed an 8-K on July 24, 2023, detailing two significant board-level actions taken on July 21, 2023. Firstly, the company amended its Executive Change in Control Severance Plan to include the Chief Executive Officer position with a severance multiple of three times base salary and target bonus. This update is particularly relevant as the previous change-in-control benefits for the current CEO, Mr. Kubasik, expired in late June 2023. Secondly, L3Harris approved adjustments to the annual compensation for its non-employee directors, effective January 1, 2024. These adjustments include modest increases to the annual cash retainer for board membership, the cash retainer for the Compensation Committee Chair, and the annual equity retainer in the form of director share units. These changes aim to align director compensation with market practices and reflect the responsibilities associated with their roles.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Corporate Update (May 11, 2023)
L3Harris Technologies, Inc. (LHX) disclosed that its Chair and CEO, Christopher E. Kubasik, established a pre-arranged stock trading plan (a Rule 10b5-1 plan) on May 8, 2023. This plan is designed for asset diversification and estate/tax planning, and it allows for the exercise of employee stock options and the subsequent sale of up to 46,258 shares of common stock. These sales are scheduled to occur on predetermined dates between November and December 2023, subject to minimum price thresholds. The establishment of this plan during an open trading window and in compliance with Rule 10b5-1 is important for investors to note. It ensures that Mr. Kubasik has no discretion over the sales once the plan is in effect, mitigating concerns about insider trading based on material non-public information. The company states that Mr. Kubasik's ownership significantly exceeds guidelines, and these transactions are part of his broader financial strategy. Public disclosure of these transactions will be made via Form 4 and Form 144 filings.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Financial Results (Apr 27, 2023)
L3Harris Technologies, Inc. (LHX) filed an 8-K on April 27, 2023, to report its first quarter financial results for the period ending April 26, 2023. The filing primarily consists of furnishing an Investor Letter and a press release detailing these results. This is a standard disclosure mechanism to inform investors about the company's performance and financial condition at the close of the quarter. Investors should refer to the furnished exhibits (Exhibits 99.1 and 99.2) for the specific details of the first quarter financial results. While this 8-K acts as a notification, the substantive financial data and management's commentary will be found within the accompanying press release and investor letter, which are incorporated by reference into the filing.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Shareholder Vote Results (Apr 24, 2023)
L3Harris Technologies, Inc. (LHX) filed an 8-K report detailing the results of its 2023 Annual Meeting of Shareholders held on April 21, 2023. The report confirms overwhelming shareholder support for the election of all twelve director nominees, indicating confidence in the current board's leadership and governance. Additionally, shareholders provided an advisory vote of approval for the compensation of named executive officers and determined that this advisory vote on executive compensation should occur annually. The company also received shareholder ratification for the appointment of Ernst & Young LLP as its independent registered public accounting firm for the fiscal year ending December 29, 2023, demonstrating trust in the company's financial oversight. Finally, a shareholder proposal regarding lobbying transparency was narrowly rejected, signaling a preference for the company's current disclosure practices on this matter. Overall, the filing presents a stable and positive outcome for L3Harris's shareholder engagement. The strong votes of confidence in the board and executive compensation, along with the ratification of the auditor, suggest that management's strategies and financial reporting are well-aligned with shareholder expectations. The annual advisory vote on executive compensation reinforces a commitment to ongoing dialogue and accountability with investors.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K/A Report, Executive Changes (Apr 24, 2023)
This 8-K/A filing from L3Harris Technologies (LHX) primarily serves as an amendment to a previous report, detailing a minor change in a board committee assignment. Edward A. Rice, Jr., who was previously appointed to the Board of Directors on February 23, 2023, has now been appointed to the Innovation and Cyber Committee, effective April 21, 2023. This appointment was made upon the recommendation of the Nominating and Governance Committee. The filing also includes the cover page interactive data file as an exhibit.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Material Agreement (Mar 16, 2023)
L3Harris Technologies, Inc. (LHX) has established new financing arrangements to support its strategic objectives. On March 10, 2023, the company entered into a $2.4 billion, 364-day senior unsecured revolving credit facility, primarily intended to finance a portion of the L3Harris acquisition of Aerojet Rocketdyne Holdings, Inc. This facility provides flexibility for borrowings and re-borrowings through its commitment termination date, with specific repayment obligations tied to the consummation of the Aerojet acquisition. Additionally, on March 14, 2023, L3Harris launched a commercial paper program allowing for up to $3.4 billion in unsecured notes, supported by its existing and new credit facilities. These financing actions coincide with significant developments in the Aerojet acquisition. L3Harris announced on March 15, 2023, that it received a request for additional information from the Federal Trade Commission regarding the acquisition. However, on March 16, 2023, Aerojet shareholders overwhelmingly approved all necessary proposals related to the acquisition, indicating progress on the shareholder approval front despite ongoing regulatory review. Investors should monitor the progress of the FTC review and the satisfaction of closing conditions for the Aerojet acquisition.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Corporate Update (Mar 2, 2023)
L3Harris Technologies (LHX) filed an 8-K on March 1, 2023, to disclose that its Chair and CEO, Christopher E. Kubasik, has established a written pre-arranged trading plan (the "Plan") for exercising employee stock options and selling the resulting shares. This plan, designed for asset diversification and financial planning, complies with Rule 10b5-1, ensuring trades are made without possession of material non-public information and with no further discretion from Mr. Kubasik once established. The Plan involves the exercise of 76,190 vested stock options granted in February 2016, which are set to expire in 2026. Sales will occur on predetermined dates between May 2023 and September 29, 2023, subject to minimum price thresholds. This action is consistent with Mr. Kubasik's existing ownership exceeding company guidelines, and the transactions will be publicly reported via Form 4 and Form 144 filings.
L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K/A Report, Executive Changes (Feb 24, 2023)
L3Harris Technologies, Inc. (LHX) filed an 8-K/A amendment on February 23, 2023, providing an update on a board committee appointment. The filing confirms that Christina L. Zamarro, who was previously appointed to the Board of Directors on July 21, 2022, has been appointed to the Audit Committee of the Board. This appointment is effective February 24, 2023, and was made upon the recommendation of the Nominating and Governance Committee. This amendment to the previous filing is a routine administrative update and does not indicate any significant financial or operational changes for the company. Investors can consider this a standard procedural update regarding board composition and committee assignments. The primary takeaway is the addition of a director to a key committee, which may signal a focus on financial oversight or specific expertise being brought to the Audit Committee.