Summary
L3Harris Technologies, Inc. (LHX) announced on December 9, 2021, that it has elected Admiral Harry B. Harris, Jr., U.S. Navy (Ret.), as a new director to its Board of Directors. This appointment increases the Board's size from twelve to thirteen members. Admiral Harris brings extensive experience from his distinguished military career, including command of U.S. Pacific Command, and recent service as the U.S. Ambassador to the Republic of Korea. His appointment is expected to enhance the Board's strategic oversight and governance capabilities. Admiral Harris's directorship commenced on December 9, 2021, and he is expected to be nominated for re-election at the 2022 Annual Meeting of Shareholders. While not initially assigned to any board committees, his future committee assignments are anticipated following the 2022 shareholder meeting. As a non-employee director, his compensation will align with the company's standard non-employee director compensation policy, effective January 1, 2022. There are no disclosed related-party transactions or arrangements concerning his appointment.
Key Highlights
- 1L3Harris Technologies appointed Admiral Harry B. Harris, Jr. (Ret.) as a new director to its Board.
- 2The Board's size has been increased from twelve to thirteen directors.
- 3Admiral Harris brings significant experience from his military service and diplomatic roles, including commanding U.S. Pacific Command and serving as Ambassador to South Korea.
- 4His initial term as director began on December 9, 2021, and is expected to extend through the 2022 Annual Meeting of Shareholders.
- 5Admiral Harris was not immediately assigned to any board committees but is expected to be appointed to one or more committees in the future.
- 6Compensation for Admiral Harris as a non-employee director will follow the company's established policy.
- 7No material related-party transactions or arrangements were disclosed in connection with his appointment.