8-K/ALeadership Changes

L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K/A Report, Executive Changes (Oct 31, 2018)

Filed October 31, 2018For Securities:LHX

Summary

This 8-K filing from L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX) is an amendment to a previous filing, primarily updating information regarding a board member's committee assignment. Sallie B. Bailey, who was appointed to the Board of Directors effective April 26, 2018, has now been appointed to the Audit Committee of the Board, effective October 26, 2018. This appointment was made upon the recommendation of the Governance and Corporate Responsibility Committee. For investors, this update signifies a change in the composition of a key board committee. The Audit Committee plays a crucial role in overseeing financial reporting, internal controls, and the audit process. Ms. Bailey's addition to this committee may indicate a focus on strengthening financial oversight or bringing specific expertise to this critical function. Investors should note the effective date of this change and consider it within the broader context of the company's governance structure.

Key Highlights

  • 1Amendment to a prior 8-K filing.
  • 2Sallie B. Bailey appointed to the Board of Directors effective April 26, 2018.
  • 3Sallie B. Bailey appointed to the Audit Committee of the Board effective October 26, 2018.
  • 4Appointment to the Audit Committee was recommended by the Governance and Corporate Responsibility Committee.
  • 5The filing details a change in board committee membership.

Frequently Asked Questions

This filing is an amendment (8-K/A) to a previous 8-K report, primarily to update the committee assignments of a director. Specifically, it announces the appointment of Sallie B. Bailey to the Audit Committee of the Board.

Sallie B. Bailey was previously appointed to L3HARRIS TECHNOLOGIES' Board of Directors on April 26, 2018. Her new role, effective October 26, 2018, is a member of the company's Audit Committee.

The Audit Committee is a vital board committee responsible for overseeing the company's financial reporting, internal controls, and independent auditors. A change in its membership, such as Ms. Bailey's appointment, can signal a reinforcement of financial oversight or the addition of specific expertise to this critical function.

Sallie B. Bailey's appointment to the Board of Directors was effective April 26, 2018. Her appointment to the Audit Committee became effective on October 26, 2018.