Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 30, 2017, Aerojet Rocketdyne Holdings, Inc. (the “Company”) appointed Steven A. Adams, Vice President and Controller, to serve as the Company’s principal accounting officer, effective April 3, 2017.

Mr. Adams, 47, joins the Company from DreamWorks Animation SKG, Inc. (“DreamWorks”) where he has served as Chief Accounting Officer since March 2016. Prior to his appointment as Chief Accounting Officer of DreamWorks, he provided consulting services to DreamWorks beginning in December 2015. From September 2014 until December 2015, Mr. Adams was Senior Vice President, Controller and Chief Accounting Officer for DIRECTV. From November 2011 to August 2014, Mr. Adams was Vice President and General Auditor for DIRECTV, and before that was Vice President, Corporate Financial Reporting and Dealer Compensation. Before joining DIRECTV in 1999, he was a Manager in Assurance and Business Advisory Services for PricewaterhouseCoopers LLP. Mr. Adams is a certified public accountant (inactive) in the State of California and holds a bachelor’s degree in Accounting from the University of Southern California.

Mr. Adams does not have any family relationships with any of the directors, executive officers, or any people nominated or chosen by the Company to become a director or executive officer. Mr. Adams is not a party to any transactions listed in Item 404(a) of Regulation S-K.

Mr. Adams will receive an annual base salary of $325,000 and will also be eligible to receive the following: (i) an annual target incentive opportunity of 50% of base salary, (ii) a long-term incentive target of 50% of base salary, and (iii) three (3) weeks of paid time off per annum. Additionally, Mr. Adams will be granted 10,000 restricted shares of the Company’s common stock effective as of the date his employment begins. These shares will vest ratably in tranches of one-third on the anniversary of the grant date over three years.

Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) Recent Trading Information

Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) closed its last trading session up +0.20 at 21.70 with 1,528,404 shares trading hands.