Business Context and Reporting Period
This Form 8-K filing by The Boeing Company (Boeing) was submitted on February 10, 2009. The report discloses a material change in corporate leadership regarding the appointment of a new Vice President of Finance and Corporate Controller.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Appointment: Robert J. Pasterick was appointed as Vice President of Finance and Corporate Controller, effective February 10, 2009. He will also serve as the Company's chief accounting officer.
- Departure/Reassignment: Harry S. McGee III, who held the position of Vice President of Finance and Corporate Controller since January 2004, was reassigned to the role of Vice President of Strategy Integration for Internal Services.
- Compensation: Mr. Pasterick will receive salary, bonus, and equity awards consistent with his seniority. No additional compensation or equity was awarded specifically in connection with this appointment.
Outlook, Risks, and Management Commentary
The filing contains no guidance, outlook, or discussion of risks and contingencies. Management commentary is limited to the background of the appointed officer, noting Mr. Pasterick's prior roles as CFO for Boeing Commercial Airplanes (since 2003) and his tenure with the company since the acquisition of Rockwell's aerospace units in 1996.
Investor Verification Checklist
- Verify the effective date of the leadership transition (February 10, 2009).
- Confirm the specific new title and responsibilities of Harry S. McGee III.
- Review the attached press release (Exhibit 99.1) for further details on the strategic rationale for the change.
- Note that this filing does not impact reported financial figures for the period.