01—Abstract
Summary
Summary of the 8-K filed April 10, 2024. Cited figures are marked; the original filing is the authoritative source.
L3Harris Technologies, Inc. filed an 8-K on April 10, 2024, to announce a planned leadership transition in its accounting function.
Effective May 1, 2024, John Cantillon will assume the role of Vice President and Principal Accounting Officer, succeeding Corliss J. Montesi. This change is part of a planned succession, and Ms. Montesi will remain with the company in a part-time capacity to facilitate the transition and support ongoing finance initiatives.
The company stated there are no disagreements with Ms. Montesi concerning financial matters. The appointment of Mr. Cantillon brings extensive experience from his prior roles, including Vice President and Assistant Controller at L3Harris since December 2023, and various senior finance positions at Pratt & Whitney.
His background as a certified public accountant and his educational credentials further bolster his qualifications for the role. This transition appears to be a strategic move to ensure continuity and leverage Mr. Cantillon's expertise in a key financial leadership position.
02—Key points
Key Highlights
- Planned succession for Principal Accounting Officer role: John Cantillon appointed VP and Principal Accounting Officer, effective May 1, 2024.
- Continuity of leadership: Outgoing Principal Accounting Officer, Corliss J. Montesi, will remain with the company part-time to aid in the transition.
- No disagreements: No issues or disagreements between the company and Ms. Montesi regarding financial condition or reporting.
- Experienced successor: John Cantillon has served as VP, Assistant Controller, Accounting and Reporting at L3Harris since December 2023.
- Extensive prior experience: Mr. Cantillon brings significant financial leadership experience from Pratt & Whitney (RTX) and public accounting (PwC).
- Standard executive arrangements: Mr. Cantillon will participate in existing executive compensation plans and sign a standard officer indemnification agreement.
- No related party issues: No undisclosed arrangements, family relationships with other executives, or reportable related party transactions concerning Mr. Cantillon.
03—Questions
Frequently Asked Questions
Who is the new Principal Accounting Officer and when does the change take effect?
John Cantillon will become the Vice President and Principal Accounting Officer, effective May 1, 2024.
What is the reason for this change, and will the previous officer be involved?
This is a planned succession. Corliss J. Montesi, the outgoing officer, will remain with the company in a part-time role to assist with the transition and support finance initiatives. There are no disagreements between the company and Ms. Montesi.
What is John Cantillon's background and experience?
Mr. Cantillon has been with L3Harris since December 2023 as VP, Assistant Controller, Accounting and Reporting. He previously held various senior finance leadership roles at Pratt & Whitney (part of RTX) and began his career at PricewaterhouseCoopers LLP. He is also a certified public accountant.
Are there any unusual compensation or related-party arrangements associated with Mr. Cantillon's appointment?
No, Mr. Cantillon will participate in the company's standard executive compensation plans and enter into a typical officer indemnification agreement. The filing states there are no undisclosed arrangements, family relationships with other executives, or reportable related-party transactions.
04—Continue