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
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 Officers
(d) Election of Director
On January 18, 2017, the Board of Directors of Raytheon Company elected James A. Winnefeld, Jr. as an independent director effective immediately, with a term expiring at the annual meeting of stockholders in 2017. The Board also appointed Mr. Winnefeld to the Board’s Audit Committee and Special Activities Committee. A copy of the Company’s press release issued on January 18, 2017, regarding Mr. Winnefeld’s election is filed as Exhibit 99.1 to this Form 8-K and is hereby incorporated herein by reference.
The election of Mr. Winnefeld was not to any arrangement or understanding between Mr. Winnefeld and any third party. As of the date of this report, neither Mr. Winnefeld, nor any of his 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.
Mr. Winnefeld will be compensated consistent with the compensation programs for non-employee directors. Upon his election to the Board, he was awarded $47,000 of restricted stock to the 2010 Stock Plan, which stock is due to vest on the date of the 2017 annual meeting of stockholders.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
99.1 Press Release issued by Raytheon Company dated January 18, 2017.
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). RAYTHEON COMPANY (NYSE:RTN) Recent Trading Information
RAYTHEON COMPANY (NYSE:RTN) closed its last trading session down -0.96 at 147.02 with 1,424,746 shares trading hands.
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). RAYTHEON COMPANY (NYSE:RTN) Recent Trading Information
RAYTHEON COMPANY (NYSE:RTN) closed its last trading session down -0.96 at 147.02 with 1,424,746 shares trading hands.
