Business Context and Reporting Period
This Form 8-K Current Report was filed by The Boeing Company on June 21, 2007. The filing reports a corporate governance event effective as of the report date.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial disclosure relates to director compensation.
- Director Cash Retainer: $75,000 per year.
- Director Stock Units: Value equivalent to $130,000 per year.
- Expense Reimbursement: Actual travel and out-of-pocket expenses.
Material Changes
The material change reported is the election of a new director to the Board of Directors.
- New Director: Retired Marine Corps General James L. Jones.
- Background: Former Supreme Allied Commander Europe and Commander of the United States European Command (2003–2007); former 32nd Commandant of the United States Marine Corps (1999–2003); President and CEO of the Institute for 21st Century Energy (since March 2007).
- Committee Assignments: Audit Committee and Finance Committee.
- Shareholder Approval: General Jones will be proposed for election at the 2008 Annual Meeting of Shareholders.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on operations, or discussion of risks and contingencies. It confirms there are no related person transactions between General Jones and the Company and no special arrangements regarding his selection.
Investor Verification Checklist
- Verify General James L. Jones' full background and potential conflicts of interest via the attached press release (Exhibit 99.1).
- Review the Company's 2007 Proxy Statement (filed March 23, 2007) for the complete nonemployee director compensation program details.
- Confirm the date of the 2008 Annual Meeting of Shareholders for the formal election vote.