KBR, INC. (NYSE:KBR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d)Election of Director.
KBR announced on August24,2017, the appointment of Lieutenant General Wendy M. Masiello, USAF (Ret.) to its Board of Directors effective August18,2017, to fill a vacancy created by the retirement of Richard J. Slater. General Masiello will serve a term expiring at KBR's 2018 annual meeting of stockholders. General Masiello has been appointed to serve on the Audit and the Health, Safety, Security, Environment and Social Responsibility Committees of the KBR Board of Directors.
General Masiello retired as a Three-Star General of the U. S. Air Force on July1,2017. Prior to her retirement, General Masiello served as the Director of the Defense Contract Management Agency. There are no related party transactions between KBR and General Masiello that are subject to disclosure under Item 404(a) of Regulation S-K. The KBR Board of Directors has determined that General Masiello is an "independent" director within the meaning of the KBR's Corporate Governance Guidelines and the rules and regulations of the New York Stock Exchange and an "outside" director within the meaning of section 162(m) of the Internal Revenue Code. As a non-employee director, General Masiello is entitled to receive the standard compensation arrangements for KBR directors described under "Director Compensation" in KBR's 2017 Proxy Statement as filed with the Securities and Exchange Commission on April3,2017.
The full text of the press release announcing General Masiello's appointment is attached hereto as Exhibit 99.1.
Item 5.02Financial Statements and Exhibits.
(d)Exhibits.
|
Exhibit Number |
Description |
|
99.1 |
KBR, Inc. press release dated August24,2017, titled, "KBR Appoints Lieutenant General Wendy M. Masiello, USAF (Ret.) to Board." |
KBR, INC. ExhibitEX-99.1 2 exhibit99-1.htm EXHIBIT 99.1 EXHIBIT 99.1 KBR Appoints Lieutenant General Wendy M. Masiello,…To view the full exhibit click here
About KBR, INC. (NYSE:KBR)
KBR, Inc. (KBR) is an engineering, procurement, construction and services company. The Company supports global hydrocarbons and international Government services market sectors. It operates through three business segments: Technology & Consulting (T&C), Engineering & Construction (E&C), and Government Services (GS). Its T&C segment combines KBR technologies, knowledge-based services and its three specialty consulting brands, Granherne, Energo and GVA, under a customer-facing global business. Its E&C segment offers project delivery solutions from conceptual planning, through FEED and execution planning, to full EPC delivery and ongoing asset services, such as maintenance and turnarounds. Its GS segment focuses on service contracts with annuity streams particularly for the United Kingdom, Australian and the United States Governments. It provides services to a customer base, including international and national oil and gas companies and petrochemical producers.