Curtiss-Wright Corporation 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed by Curtiss-Wright Corporation on May 6, 2008. The report discloses corporate governance changes, specifically the departure of a director and the appointment of certain officers.
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 changes and does not contain financial performance data.
Material Changes
- Board Departure: Admiral (Ret.) James B. Busey IV retired from the Board of Directors on May 2, 2008, upon the expiration of his term due to reaching the mandatory retirement age. The filing states this was not due to any disagreement with the Company.
- Officer Appointments: On May 6, 2008, the Board elected Glenn Coleman as Vice President and Corporate Controller. Mr. Coleman previously held finance roles at Alcatel Lucent and Coopers and Lybrand.
- Internal Promotion: Kevin McClurg, the predecessor to Mr. Coleman, accepted the position of Vice President of Finance for the Flow Control Segment. Mr. McClurg stated this move was based on personal reasons and not due to any disagreement with the Company.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, or management commentary regarding future financial performance. No risks, contingencies, or unusual items were disclosed in this report. The Company confirmed there are no transactions exceeding $120,000 in which Mr. Coleman has a material interest.
Key Facts for Investor Verification
- Confirm the effective date of Admiral James B. Busey IV's retirement from the Board.
- Verify the new reporting structure for the Flow Control Segment following Mr. McClurg's promotion.
- Review the Company's proxy statement or subsequent filings to identify the replacement director for Admiral Busey IV.
- Check for any related party transaction disclosures regarding Mr. Coleman's appointment.