01—Abstract
Summary
Summary of the 8-K filed August 17, 2026. Cited figures are marked; the original filing is the authoritative source.
L3Harris Technologies, Inc. (LHX) has announced significant leadership changes, including the immediate appointment of Sam Mehta as President and Chief Executive Officer, effective August 17, 2026.
Mr. Mehta, who joined the company in 2023, brings extensive experience in the aerospace and defense sector, previously leading large segments responsible for approximately 80%a of the company's revenue. His compensation package has been adjusted to reflect his expanded responsibilities. Concurrently, the company confirmed the mutual departure of former CEO Christopher Kubasik, following an internal investigation by the Board.
This departure was determined to be unrelated to financial reporting, customer relationships, or operational performance, and not due to any disagreement regarding the company's policies or practices. The company has also appointed Lewis Hay III as Independent Chairman of the Board and made executive appointments within its key segments.
02—Key points
Key Highlights
- Sam Mehta appointed as the new President and Chief Executive Officer (CEO) and Board member, effective immediately.
- Former CEO Christopher Kubasik mutually agreed to end his employment following a Board investigation into conduct inconsistent with company values.
- Mr. Kubasik's departure is confirmed to have no impact on the company's financial reporting, controls, customer relationships, or operational performance.
- Sam Mehta's compensation package reflects his expanded role as CEO, including a base salary of $1,250,000 and a target annual bonus of 200% of base salary.
- Lewis Hay III appointed as Independent Chairman of the Board.
- New leadership appointments within key segments: Lauren Barnes as President, Space & Mission Systems and Christopher Aebli as President, Communications & Spectrum Dominance.
- Mr. Kubasik will retain certain vested stock options but will not receive severance payments or accelerated vesting of unvested equity.
03—Questions
Frequently Asked Questions
What led to the departure of Christopher Kubasik?
Christopher Kubasik mutually agreed to end his employment with L3Harris Technologies after an investigation by the independent members of the Board concluded that his conduct was not consistent with the company's Code of Conduct. The Board stated that this conduct did not involve or impact the company's financial reporting, controls, customer relationships, or operational performance.
What is Sam Mehta's background and how will his compensation change?
Sam Mehta, 53, joined L3Harris in 2023 and has over 25 years of leadership experience in aerospace and defense. He was previously responsible for the company's largest segments (Space & Mission Systems and Communications & Spectrum Dominance), which account for approximately 80% of total revenue. In his new role as CEO, his annual base salary will be $1,250,000, with a target annual bonus of 200% of his base salary. His long-term incentive target is set at $13,250,000. Both his bonus and long-term incentive are prorated for the 2026 fiscal year. He will also be eligible for limited personal use of corporate aircraft and financial/tax planning assistance.
Are there any leadership changes expected in the company's main business segments?
Yes, L3Harris Technologies also announced leadership appointments within its key segments. Lauren Barnes has been appointed President of Space & Mission Systems, and Christopher Aebli has been appointed President of Communications & Spectrum Dominance, both effective immediately. These appointments, along with Lewis Hay III's appointment as Independent Chairman of the Board, signal a reshaping of the company's top leadership structure.
What are the terms of Christopher Kubasik's separation agreement?
Christopher Kubasik will retain and may exercise certain previously vested stock options. However, he will not receive any severance payments or benefits, nor will he receive accelerated vesting of any unvested equity awards. The separation agreement includes mutual releases of claims and customary restrictive covenants such as confidentiality, non-disparagement, and non-competition clauses for specified periods.
04—Continue