TEXTRON INC. (NYSE:TXT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

TEXTRON INC. (NYSE:TXT) 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

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On May 31, 2017, the Board of Directors of Textron Inc. (“Textron”) elected Deborah Lee James as a member of the Board effective July 1, 2017. James recently retired as the 23rd Secretary of the United States Air Force, as position she had held since December 2013. Ms. James will serve on the Board’s Audit Committee and Nominating and Corporate Governance Committee.

Prior to her role as Secretary of the Air Force, James held various executive positions during an 11-year tenure at Science Applications International Corporation (SAIC), a provider of services and solutions in the areas of defense, health, energy, infrastructure, intelligence, surveillance, reconnaissance and cybersecurity to agencies of the U.S. Department of Defense (DoD), the intelligence community, the U.S. Department of Homeland Security (DHS), foreign governments and other customers, most recently serving as Sector President, Technical and Engineering of the Government Solutions Group, a position she held from February through December of 2013. She previously served as SAIC’s Executive Vice President for Communications and Government Affairs, a position she assumed in 2010. James joined SAIC in 2002 as the Director of Homeland Security within SAIC, then in 2005 became Business Unit General Manager of the Command, Control, Communications, Computers, and Information Technology business unit. Earlier in her career, James served as Professional Staff Member for the House Armed Services Committee and as the DoD Assistant Secretary of Defense for Reserve Affairs.

Ms. James will participate in Textron’s Director Compensation Program as described in Exhibit 10.15 to Textron’s Annual Report on Form 10-K for the fiscal year ended January 2, 2016, which is incorporated by reference herein. to such program, Ms. James will be issued 2,000 restricted shares of Textron Common Stock. Textron and Ms. James also will enter into Textron’s standard Directors Indemnity Agreement, to which Textron will, subject to certain limitations, indemnify Ms. James in connection with any claim arising in connection with her service as a Textron Director and will advance and pay her expenses incurred in connection with such claims.


About TEXTRON INC. (NYSE:TXT)

Textron Inc. is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services across the world. The Company operates through five segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. Textron Aviation manufactures, sells and services Beechcraft and Cessna aircraft, and services the Hawker brand of business jets. Bell Helicopter is a supplier of military and commercial helicopters, tiltrotor aircraft, and related spare parts and services in the world. Textron Systems segment’s product lines consist of unmanned aircraft systems, marine and land systems, weapons and sensors, and simulation, training and other defense and aviation mission support products and services. The Industrial segment designs and manufactures a range of products under three principal product lines. The Finance segment provides financing to purchasers of Textron Aviation aircraft and Bell helicopters.

TEXTRON INC. (NYSE:TXT) Recent Trading Information

TEXTRON INC. (NYSE:TXT) closed its last trading session down -0.08 at 47.72 with 1,212,944 shares trading hands.

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