L3 TECHNOLOGIES, INC. (NYSE:LLL) 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.
announced the retirements of Curtis Brunson, Executive Vice
President of Corporate Strategy and Development, and Steve
Kantor, Senior Vice President and President of Electronic
Systems. Mr. Brunson and Mr. Kantor will be transitioning from
their roles effective March 1, 2017, before retiring in the
second quarter of 2017. In addition, the Company announced that
it will reorganize its Electronic Systems business segment to
better align its organizational structure with customer
priorities and increase operational efficiencies. The new
structure will divide the Electronic Systems segment into two
business segments: Electronic Systems and Sensor Systems.
Accordingly, the Companys structure will consist of the
following four business segments: Aerospace Systems,
Communication Systems, Electronic Systems and Sensor Systems.
Commencing in the first quarter of 2017, the Company will
report its results under the realigned business segments.
Senior Vice President and President of the Companys reorganized
Electronic Systems segment, effective March 1, 2017. Prior to
this position, Mr. Gautier, a sixteen-year veteran of the
Company, served as President of our Precision Engagement
Training sector. The Company also announced that Jeff Miller
will be appointed Senior Vice President and President of the
Companys Sensor Systems segment, effective March 1, 2017. Prior
to this position, Mr. Miller, who joined the Company in 2014,
served as President of our Integrated Sensor Systems sector. In
their new roles, Mr. Gautier and Mr. Miller will report to
Christopher E. Kubasik, the Companys President and Chief
Operating Officer.
announcing the events described in Item 5.02 above. A copy of the
Companys press release is attached as Exhibit 99.1 to this
Current Report on Form 8-K.
7.01 of Form 8-K and shall not be deemed to be filed for purposes
of Section 18 of the Securities Exchange Act of 1934, as amended
(the Exchange Act), or incorporated by reference in any filing
under the Exchange Act or the Securities Act of 1933, as amended,
except as shall be expressly set forth by specific reference in
such filing.
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Exhibit
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Title
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99.1
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Press release dated January 25, 2017
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About L3 TECHNOLOGIES, INC. (NYSE:LLL)
L3 Technologies, Inc., formerly L-3 Communications Holdings, Inc., is engaged as a contractor in Intelligence, Surveillance and Reconnaissance (ISR) systems, aircraft sustainment (including modifications, logistics and maintenance), simulation and training, night vision and image intensification equipment, and security and detection systems. The Company operates in three segments: Electronic Systems, Aerospace Systems and Communication Systems. The Company is a provider of communication and electronic systems and products used on military and commercial platforms. Its divisions include Advanced Programs, Aeromet, Army Fleet Support, Brashear, Cincinnati Electronics, Coleman Aerospace, Electron Devices, Henschel, Maritime Systems, Mustang Technology, Narda Satellite Networks and Targa Systems. L3 TECHNOLOGIES, INC. (NYSE:LLL) Recent Trading Information
L3 TECHNOLOGIES, INC. (NYSE:LLL) closed its last trading session up +1.25 at 150.85 with 1,084,821 shares trading hands.
