Business Context and Reporting Period
This Form 8-K Current Report was filed by Curtiss-Wright Corporation on February 7, 2006. The filing addresses corporate governance changes, specifically the departure of two directors and the appointment of two principal officers.
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 and governance matters.
Material Changes
Departure of Directors
- Mr. J. McLain Stewart and Mr. David Lasky informed the Company of their decision to retire from the Board of Directors.
- Their terms will expire at the annual meeting of stockholders on May 5, 2006.
- Both directors stated their decisions are based solely on personal reasons and are not due to any disagreement with the Company regarding operations, policies, or practices.
Appointment of Principal Officers
- Mr. Kevin McClurg (42) was elected Corporate Controller. He previously served as Corporate Controller from September 2002 to August 2005 and returned to the organization in September 2005. His prior experience includes roles at Toys-R-Us, Random House, Inc., and BMG Marketing.
- Mr. B. Parker Miller III (60) was elected Senior Vice President -- Government Relations. He brings 12 years of experience from Northrop Grumman and a background as a Marine Corps Infantry Officer and Aviator.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or discussion of material risks and contingencies. Management commentary is limited to the confirmation that the departing directors' decisions were personal and unrelated to company disputes.
Investor Verification Checklist
- Verify the composition of the Board of Directors following the May 5, 2006, annual meeting.
- Confirm the effective dates and responsibilities of the newly appointed Corporate Controller and Senior Vice President of Government Relations.
- Review subsequent filings for any financial impact related to the leadership transition.