RAYTHEON COMPANY (NYSE:RTN) 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) Election of Director
The Board of Directors of Raytheon Company elected Adriane M. Brown as an independent director effective March 13, 2018, with a term expiring at the annual meeting of stockholders in May 2018. The Board also appointed Ms. Brown to the Board’s Management Development and Compensation Committee and Public Affairs Committee. A copy of the Company’s press release issued on March 13, 2018, regarding Ms. Brown’s election is filed as Exhibit 99.1 to this Form 8-K and is hereby incorporated herein by reference.
The election of Ms. Brown was not to any arrangement or understanding between Ms. Brown and any third party. As of the date of this report, neither Ms. Brown, nor any of her immediate family members, is a party, either directly or indirectly, to any transaction that would be required to be reported to Item 404(a) of Regulation S-K.
Ms. Brown will be compensated consistent with the compensation programs for non-employee directors. Upon her election to the Board, she was awarded $23,500 of deferred restricted stock units to the 2010 Stock Plan, which stock is due to vest on the date of the 2018 annual meeting of stockholders.
Item 9.01. Financial Statements and Exhibits
99.1 Press Release issued by Raytheon Company dated March 13, 2018.
RAYTHEON CO/ ExhibitEX-99.1 2 rtn-03142018exhibit991.htm PRESS RELEASE Exhibit Exhibit 99.1 Raytheon Company Global Headquarters Waltham,…To view the full exhibit click
About RAYTHEON COMPANY (NYSE:RTN)
Raytheon Company (Raytheon), together with its subsidiaries, is a technology company. The Company develops technologically integrated products, services and solutions in various markets, such as sensing; effects; command, control, communications, computers, cyber and intelligence (C5I); mission support, and cybersecurity. It operates in five segments: Integrated Defense Systems (IDS); Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS), and Forcepoint. Its IDS’s product lines include Mission Systems and Sensors (MSS), and Integrated Air and Missile Defense (IAMD). Its IIS’s product lines include Cybersecurity and Special Missions (CSM), and Global Training Solutions (GTS). Its MS’s product lines include Air Warfare Systems (AWS), and Air and Missile Defense Systems (AMDS). Its SAS’s product lines include Intelligence, Surveillance and Reconnaissance Systems (ISRS), and Secure Sensor Solutions (SSS).