HARRIS CORPORATION (NYSE:HRS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) On April 26, 2018, on the recommendation of the Governance and Corporate Responsibility Committee of the Board of Directors (the “Board”) of Harris Corporation (“Harris” or the “Company”), the Board increased the authorized number of directors constituting the Board from twelve to thirteen and appointed Ms. Sallie B. Bailey, 58, as a director to serve on the Board. Ms.Bailey has served as Executive Vice President and Chief Financial Officer of Louisiana-Pacific Corporation (NYSE:LPX), a leading manufacturer of engineered wood building products for residential, industrial and light commercial construction, since December 2011. She previously served as Vice President and Chief Financial Officer of Ferro Corporation (NYSE:FOE), a global specialty materials company, from 2007 to 2010 and held various senior management positions of increasing responsibility over ten years with The Timken Company (NYSE:TKR), a global producer of engineered bearings and alloy steel, lastly as Senior Vice President, Finance and Controller. Ms. Bailey’s initial term as a director on the Board commencedApril 26, 2018 and expires at the Company’s 2018 Annual Meeting of Shareholders. She is expected to be nominated by the Board for re-election for a one-year term as a director on the Board expiring at the Company’s 2019 Annual Meeting of Shareholders, which nomination along with all other director nominations would be voted on by shareholders at the Company’s 2018 Annual Meeting of Shareholders. Ms.Bailey was not appointed to any standing committees of the Board, but is expected to be appointed to one or more standing committees of the Board following the Company’s 2018 Annual Meeting of Shareholders, although which specific standing committee(s) has not been determined at the time of the filing of this Current Report on Form 8-K.
As a non-employee director on the Board, Ms. Bailey will be compensated for service as a director in accordance with the Summary of Annual Compensation of Non-Employee Directors, filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on November 2, 2017 and incorporated in this Item 5.02(d) by reference. There are no arrangements or understandings between Ms. Bailey and any other persons to which Ms. Bailey was selected as a director, and there are no transactions in which the Company was or is to be a participant and in which Ms.Bailey had or will have a direct or indirect material interest that are required to be reported to Item 404(a) of Regulation S-K. A copy of the press release announcing the appointment of Ms. Bailey to the Board is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated in this Item 5.02(d) by reference.
Item 5.02Financial Statements and Exhibits.
(d) Exhibits.
EXHIBIT INDEX
The following exhibit is filed herewith:
HARRIS CORP /DE/ ExhibitEX-99.1 2 bod-18x248salliebaileypres.htm EXHIBIT 99.1 Exhibit Exhibit 99.1FOR IMMEDIATE RELEASEContact Information:Jim BurkeHarris [email protected] Sallie B. Bailey Appointed to Harris Corporation Board of DirectorsMELBOURNE,…To view the full exhibit click here
About HARRIS CORPORATION (NYSE:HRS)
Harris Corporation is a technology company that provides products, systems and services that have defense and civil government applications, as well as commercial applications. It offers its products and services to government and commercial customer. It operates in four segments: Communication Systems, which serves markets in tactical communications and defense, and public safety networks; Space and Intelligence Systems, which provides complete Earth observation, environmental, geospatial, space protection, and intelligence solutions from advanced sensors and payloads, as well as ground processing and information analytics; Electronic Systems, which offers a portfolio of solutions in electronic warfare, avionics, wireless and technology, among others, and Critical Networks, which provides managed services supporting air traffic management, energy and maritime communications, and ground network operation and sustainment, as well as information technology (IT) and engineering services.
