Business Context and Reporting Period
This Form 8-K Current Report was filed by The Boeing Company on August 19, 2026. The filing discloses a material change in the Company's senior management structure regarding the appointment of a new Senior Vice President and Controller.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive compensation and personnel changes.
Material Changes
- Appointment: Ryan L. Shedd was appointed as Senior Vice President and Controller, effective the first business day following the filing of the 2026 Annual Report on Form 10-K.
- Transition: Mr. Shedd will join in September 2026 as Senior Vice President, Finance, and will succeed Michael J. Cleary, who plans to retire in 2027 after over two decades of service.
- Background: Mr. Shedd brings nearly two decades of experience from Ernst & Young LLP, where he served as an Assurance Partner since July 2021.
Compensation and Outlook
Management commentary is limited to the details of Mr. Shedd's compensatory arrangements:
- Base Salary: $600,000 annually.
- Annual Incentive: Target value of 70% of base salary.
- Long-Term Incentive: Target value of 170% of base salary (beginning in 2027).
- Sign-on Award: $300,000 cash award, subject to repayment conditions.
- Benefits: Eligible for relocation benefits and other plans consistent with his seniority.
The filing does not contain specific guidance, risk factors, or contingencies beyond the standard transition of duties.
Investor Verification Points
- Verify the exact "Effective Date" for Mr. Shedd's role as Controller once the 2026 Form 10-K is filed.
- Confirm the terms of the $300,000 sign-on award repayment conditions.
- Monitor the transition timeline between Mr. Shedd's September 2026 start date and Mr. Cleary's 2027 retirement.