Summary
L3Harris Technologies, Inc. (formerly Harris Corporation) filed a Current Report on Form 8-K on April 22, 2005, to announce a change in its Board of Directors. The company increased the authorized number of directors from ten to eleven and elected Hansel E. Tookes II as a new director. This move is significant as it potentially signals a strengthening of the board's oversight and governance capabilities. Mr. Tookes' appointment is effective immediately, with his term set to end at the 2005 Annual Meeting, after which he will be eligible for a full three-year term. He has also been appointed to the Business Conduct Committee, underscoring his role in governance and ethical oversight.
Key Highlights
- 1Harris Corporation increased its Board of Directors from ten to eleven members.
- 2Hansel E. Tookes II was elected as a new director to the Board.
- 3Mr. Tookes' initial term will conclude at the 2005 Annual Meeting, with eligibility for a three-year term thereafter.
- 4Mr. Tookes has been appointed to the Business Conduct Committee.
- 5The company confirmed there were no prior arrangements or understandings regarding Mr. Tookes' selection.
- 6The filing includes a press release dated April 22, 2005, as an exhibit detailing the board changes.
Frequently Asked Questions
The primary purpose of this 8-K filing is to announce a change in the composition of L3Harris Technologies' Board of Directors, specifically the election of a new director and an increase in the board size.
The new director is Hansel E. Tookes II. He has been elected to the Board and appointed as a member of the Business Conduct Committee.
Mr. Tookes' directorship is effective immediately following his election on April 21, 2005. His initial term is set to end at the company's 2005 Annual Meeting in October 2005, after which he will be eligible for election to a standard three-year term.
The filing states there were no arrangements or understandings between Mr. Tookes and any other persons regarding his selection as a director. No specific qualifications were detailed in this particular filing, but his appointment to the Business Conduct Committee suggests a focus on governance and ethical matters.