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
On June 27, 2018, the Board of Directors of Raytheon Company elected Marta R. Stewart as an independent director effective immediately, with a term expiring at the annual meeting of stockholders in 2019. The Board also appointed Ms. Stewart to the Board’s Audit Committee and Public Affairs Committee. A copy of the Company’s press release issued on June 27, 2018, regarding Ms. Stewart’s election is filed as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.
The election of Ms. Stewart was not to any arrangement or understanding between Ms. Stewart and any third party. As of the date of this report, neither Ms. Stewart, 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. Stewart will be compensated consistent with the compensation programs for non-employee directors. Upon her election to the Board, she was awarded $128,500 of deferred restricted stock units to the 2010 Stock Plan, which stock units are due to vest on the date of the 2019 annual meeting of stockholders, with the delivery of shares subject to the terms of the award agreement.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
99.1 Press Release issued by Raytheon Company dated June 27, 2018.
RAYTHEON CO/ ExhibitEX-99.1 2 rtn-06282018xexhibit991x8k.htm PRESS RELEASE Exhibit Exhibit 99.1 Raytheon Company Global Headquarters Waltham,…To view the full exhibit click here
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).
