Summary
L3Harris Technologies, Inc. (LHX) filed an 8-K on June 30, 2022, primarily to announce a significant leadership transition. Consistent with prior agreements stemming from the 2019 merger between Harris Corporation and L3 Technologies, William M. Brown has retired from his role as Chair of the Board and from the company. Christopher E. Kubasik, who previously held the titles of Vice Chair, President, and Chief Operating Officer, has succeeded Mr. Brown as Chair of the Board, consolidating his executive authority as he now holds the combined roles of Chair and Chief Executive Officer. This transition marks the final step in the CEO and Chair succession plan outlined at the time of the merger, ensuring a smooth handover of responsibilities. Mr. Kubasik's expanded role as Chair and CEO signifies a unified leadership structure moving forward. Details regarding Mr. Brown's post-retirement compensation and equity awards are governed by his previously disclosed employment agreements.
Key Highlights
- 1William M. Brown has retired as Chair of L3Harris Technologies and from the company.
- 2Christopher E. Kubasik has succeeded Mr. Brown as Chair of the Board.
- 3Mr. Kubasik now holds the combined roles of Chair and Chief Executive Officer of L3Harris.
- 4This transition completes the CEO and Chair succession plan established during the 2019 merger.
- 5The leadership change is effective as of June 29, 2022.
- 6Mr. Brown's retirement compensation and equity treatment are in accordance with his existing employment agreements.
- 7The filing also includes standard exhibit information, notably an interactive data file.