Huntington Ingalls Industries, Inc. - 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed by Huntington Ingalls Industries, Inc. (HII) on July 29, 2025. The report discloses corporate governance changes effective as of the filing date.
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 board composition and director compensation.
Material Changes
- Board Election: The Board of Directors elected Nick L. Stanage as a new director, effective July 29, 2025.
- Board Size: The Board size was increased from twelve to thirteen members.
- Committee Assignments: Mr. Stanage was appointed to the Audit Committee and the Governance and Policy Committee.
Management Commentary and Compensation
Mr. Stanage, formerly the Chairman, CEO, and President of Hexcel Corporation, brings significant experience in advanced composites for aerospace and defense. His compensation package includes:
- Cash Retainer: $120,000 annually.
- Committee Retainers: $25,000 for the Audit Committee and $20,000 for the Governance and Policy Committee.
- Equity Grant: $165,000 in deferred stock units, payable upon conclusion of board service.
- Proration: Fees and grants are prorated for the 2025 calendar year.
Investor Verification Checklist
- Verify the effective date of Mr. Stanage's board membership (July 29, 2025).
- Confirm the total annual cash compensation ($165,000) and equity value ($165,000) for the new director.
- Review the attached press release (Exhibit 99.1) for additional biographical details on Mr. Stanage.
- Note that this filing contains no financial results; refer to the most recent 10-Q or 10-K for financial metrics.