Curtiss-Wright Corporation 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed by Curtiss-Wright Corporation on October 12, 2012. The filing addresses a significant change in corporate leadership under Item 5.02.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on executive appointments and does not contain financial performance data.
Material Changes
The primary material change reported is the election of David C. Adams to the office of President and Chief Operating Officer (COO) effective October 12, 2012.
- New Role: Mr. Adams reports directly to the Chairman and CEO, Mr. Benante.
- Scope: Mr. Adams will oversee the leaders of the three operating segments: Flow Control, Motion Control, and Metal Treatment.
- Continuity: Glenn E. Tynan (CFO), Michael J. Denton (General Counsel), and other senior management will continue to report to Mr. Benante.
Management Commentary and Background
Mr. Adams brings extensive internal experience to the role. For the five years prior to this appointment, he served as Co-Chief Operating Officer with responsibility for the Motion Control and Metal Treatment segments. He has been President of the Motion Control segment since 2005. Prior to joining Curtiss-Wright in 2000, he held positions at Goodrich and Lucas Aerospace.
The filing confirms there are no transactions exceeding $120,000 in which Mr. Adams has a direct or indirect material interest.
Investor Verification Checklist
- Verify the effective date of David C. Adams' new title as President and COO.
- Confirm the reporting structure changes for the Flow Control, Motion Control, and Metal Treatment segments.
- Review the attached Press Release (Exhibit 99.1) for additional strategic context not included in the 8-K text.
- Check subsequent filings for any financial impact related to this leadership transition.