8-KLeadership ChangesExhibits & Filings

RTX Corp 8-K Report, Executive Changes (Aug 19, 2010)

Filed August 19, 2010For Securities:RTX

Summary

This Form 8-K filing from United Technologies Corporation (UTC), now RTX Corp, on August 19, 2010, primarily reports the resignation of Ari Bousbib, who held the position of President, Commercial Companies and Executive Vice President. Mr. Bousbib's resignation was effective August 31, 2010. The filing indicates that his departure is not expected to disrupt ongoing operations or strategic initiatives within the commercial segment. Further details reveal that Mr. Bousbib has entered into a consulting agreement with UTC, commencing after his employment termination and extending through September 30, 2011. In this advisory role, he will provide support on critical matters related to the company's commercial businesses, including joint ventures, business combinations, development opportunities, and customer relationships. This arrangement suggests a commitment to leveraging his expertise during a transition period, aiming to ensure continuity and facilitate strategic objectives.

Key Highlights

  • 1Resignation of Ari Bousbib, President, Commercial Companies and EVP, effective August 31, 2010.
  • 2Bousbib will provide consulting services to the Company through September 30, 2011.
  • 3Consulting role focuses on commercial businesses, joint ventures, business combinations, business development, and customer relationships.
  • 4Bousbib will receive a fixed retainer fee of $325,000 for his consulting services.
  • 5Expenses incurred by Bousbib during his consulting period will be reimbursed by the Company.
  • 6The filing does not indicate any unusual circumstances or financial distress associated with the departure.

Frequently Asked Questions

Ari Bousbib was the President of Commercial Companies and an Executive Vice President at United Technologies Corporation. His resignation from these roles was effective August 31, 2010.

The filing does not provide a specific reason for Mr. Bousbib's resignation. It is reported as a standard departure from his executive positions.

Yes, Mr. Bousbib has entered into a consulting agreement to remain available as an advisor to the company's commercial businesses through September 30, 2011. His role will involve providing advice on joint ventures, business combinations, development opportunities, and customer relationships.

Mr. Bousbib will receive a fixed retainer fee of $325,000 for his consulting services. Additionally, the company will reimburse him for any expenses incurred during this period.