8-KLeadership ChangesExhibits & Filings

RTX Corp 8-K Report, Executive Changes (Jul 27, 2015)

Filed July 27, 2015For Securities:RTX

Summary

This 8-K filing from United Technologies Corporation (now RTX Corp), filed on July 27, 2015, announces a significant leadership transition within its UTC Building & Industrial Systems segment. Geraud Darnis, the President & Chief Executive Officer of this division, has informed the company of his decision to retire in January 2016. Mr. Darnis will collaborate with the company during the interim period to facilitate a seamless handover of his leadership duties.

Key Highlights

  • 1Leadership Change: Announcement of Geraud Darnis's retirement as President & CEO of UTC Building & Industrial Systems.
  • 2Retirement Timeline: Mr. Darnis's retirement is effective in January 2016.
  • 3Transition Period: Mr. Darnis will actively participate in ensuring a smooth leadership transition over the next few months.
  • 4Company: The filing is from United Technologies Corporation (parent of RTX Corp).
  • 5Exhibit Filed: A press release dated July 27, 2015, detailing this announcement, is attached as Exhibit 99.1.

Frequently Asked Questions

The primary purpose of this filing is to formally announce the upcoming retirement of Geraud Darnis, President & Chief Executive Officer of UTC Building & Industrial Systems, and to signal the commencement of a leadership transition process.

Geraud Darnis is the President & Chief Executive Officer of United Technologies Corporation's UTC Building & Industrial Systems segment. He has announced his intention to retire from this position in January 2016.

For investors, this signals a change in leadership for a key business segment. While the filing doesn't detail the successor, the emphasis on a 'smooth and successful transition' suggests the company is focused on minimizing disruption. Investors will likely monitor the announcement of a successor and the continued performance of the UTC Building & Industrial Systems segment under new leadership.

Mr. Darnis's retirement is scheduled to take effect in January 2016. He will remain in his role until that time and will work on the transition during the intervening months.