Summary
This filing is an amendment to a previously filed 8-K by Harris Corporation (now L3Harris Technologies, Inc. /DE/) concerning an agreement with Howard L. Lance. The amendment's primary purpose is to correct a typographical error regarding the effective date of a prior letter agreement. Specifically, the date of the original Letter Agreement between the Company and Mr. Lance was incorrectly stated as 'October 8, 2012' and has been corrected to 'October 8, 2011'. Beyond this correction, the amendment details changes to Mr. Lance's role. His service as a Special Advisor to the Company and the associated advisory fees have been terminated early, effective July 15, 2012, instead of continuing through December 31, 2012. Investors should note that this filing is administrative in nature, primarily rectifying an error, with no new material financial information or strategic changes being introduced beyond the early termination of Mr. Lance's advisory role.
Key Highlights
- 1Amendment to a prior 8-K filing by Harris Corporation (now LHX).
- 2Correction of a typographical error in the effective date of a Letter Agreement with Howard L. Lance.
- 3Original Letter Agreement date corrected from 'October 8, 2012' to 'October 8, 2011'.
- 4Amendment to the Letter Agreement was dated July 23, 2012.
- 5Early termination of Howard L. Lance's role as Special Advisor to the Company.
- 6Early termination of advisory fees payable to Howard L. Lance.
- 7Termination of Mr. Lance's advisory role and fees effective July 15, 2012, rather than December 31, 2012.