Summary
This 8-K filing from L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX), filed on July 25, 2012, primarily announces an amendment to a previous Letter Agreement with Howard L. Lance. The amendment effectively terminates Mr. Lance's role as a Special Advisor to the Company and stops associated advisory fee payments earlier than originally planned. Specifically, Mr. Lance's service as a Special Advisor and the related compensation concluded on July 15, 2012, rather than continuing through December 31, 2012. This early termination impacts the company's obligations and Mr. Lance's advisory role. Investors should note this change in executive arrangements.
Key Highlights
- 1Amendment to Letter Agreement with Howard L. Lance filed.
- 2Termination of Howard L. Lance's role as Special Advisor to the Company.
- 3Early cessation of advisory fees payable to Howard L. Lance.
- 4The termination of both the advisory role and fees was effective July 15, 2012.
- 5The original agreement stipulated the advisory role and fees would continue until December 31, 2012.
- 6Exhibit 10.1 contains the full Amendment to Letter Agreement.