01—Abstract
Summary
Summary of the 8-K filed July 22, 2022. Cited figures are marked; the original filing is the authoritative source.
L3Harris Technologies, Inc. (LHX) announced on July 21, 2022, the appointment of Ms. Christina L.
Zamarro as a new director to its Board of Directors, expanding the board to fourteen members. Ms. Zamarro brings extensive financial expertise, having served as Vice President, Finance and Treasurer at The Goodyear Tire & Rubber Company since April 2020. Her prior roles at Goodyear and Ford Motor Company demonstrate a strong background in corporate finance, financial planning, investor relations, and treasury functions.
This appointment is significant as it brings a seasoned financial executive onto the board, potentially offering valuable insights and oversight, particularly in financial strategy and governance. Ms. Zamarro's term as director will extend until the company's 2023 Annual Meeting of Shareholders. Investors should note that she was not assigned to any board committees at the time of her appointment, and her compensation will follow the company's standard non-employee director compensation plan.
02—Key points
Key Highlights
- L3Harris Technologies appointed Ms. Christina L. Zamarro as a new independent director to its Board of Directors.
- Ms. Zamarro's addition expands the Board to a total of fourteen members.
- She brings significant financial leadership experience, most recently as Vice President, Finance and Treasurer at The Goodyear Tire & Rubber Company.
- Ms. Zamarro has a strong financial background with prior roles in financial planning, investor relations, and treasury at Goodyear and Ford Motor Company.
- Her director term commenced on July 21, 2022, and will conclude at the 2023 Annual Meeting of Shareholders.
- Ms. Zamarro was not appointed to any board committees at the time of her election.
- Compensation for Ms. Zamarro as a non-employee director will be in accordance with the company's established plan.
03—Questions
Frequently Asked Questions
Who is Christina L. Zamarro and what is her background?
Ms. Christina L. Zamarro is a newly appointed director to the L3Harris Board. She has a strong financial background, most recently serving as Vice President, Finance and Treasurer at The Goodyear Tire & Rubber Company. Prior to that, she held various senior financial management roles at Goodyear and worked at Ford Motor Company.
Why is L3Harris adding a new director?
The addition of Ms. Zamarro expands the Board of Directors to fourteen members. Her appointment likely aims to strengthen the board's expertise, particularly in financial matters, given her extensive experience in corporate finance, treasury, and investor relations.
Will Ms. Zamarro receive special compensation?
No, Ms. Zamarro will be compensated as a non-employee director in accordance with L3Harris's established compensation plan for its non-employee directors, as detailed in previously filed documents.
Is Ms. Zamarro joining any specific board committees?
At the time of her election on July 21, 2022, Ms. Zamarro was not appointed to any committees of the Board of Directors.
04—Continue