Business Context and Reporting Period
This Form 8-K was filed by The Boeing Company on February 8, 2010, reporting events occurring on February 9, 2010. The filing addresses executive leadership changes within the finance and accounting functions.
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 personnel appointments and does not contain financial performance data.
Material Changes
- Appointment: Greg Smith was appointed Vice President of Finance and Corporate Controller, effective February 9, 2010. He will also serve as the Company's chief accounting officer.
- Departure/Reassignment: Robert J. Pasterick, who served as Vice President of Finance and Corporate Controller since February 2009, was reassigned as President of the Shared Services Group effective February 9, 2010.
- Compensation: No additional compensation or equity awards were granted to Mr. Smith in connection with this appointment; his compensation will be consistent with his seniority and scope of responsibility.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary on financial performance, risks, contingencies, or unusual items. The document is limited to the announcement of the executive transition.
Key Facts for Investor Verification
- Confirm the effective date of the leadership transition (February 9, 2010).
- Verify the new reporting structure for the Shared Services Group under Robert J. Pasterick.
- Review the attached press release (Exhibit 99.1) for further details on the transition plan.
- Note that this filing does not impact the Company's financial statements or forward-looking guidance.