Business Context and Reporting Period
This Form 8-K filing by KBR, Inc. (NYSE: KBR) was submitted on May 27, 2025, reporting events occurring on that date. The filing addresses Item 5.02 regarding the departure of a senior officer and the subsequent appointment of interim and permanent successors.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on executive personnel changes and associated compensation arrangements.
Material Changes
- Departure: Alison Vasquez resigned as Senior Vice President and Chief Accounting Officer, effective June 18, 2025, after nine years of service.
- Interim Appointment: Shad E. Evans, currently Senior Vice President of Financial Operations, was appointed Interim Chief Accounting Officer effective June 18, 2025, through July 31, 2025.
- Permanent Appointment: Jennefer Taylor was appointed Vice President and Chief Accounting Officer, effective August 1, 2025.
Management Commentary, Risks, and Unusual Items
Management expressed appreciation for Ms. Vasquez's leadership. The filing details the compensation package for Ms. Taylor's new role, which includes:
- Annual base salary of $315,000 (prorated from August 1, 2025).
- Short-term incentive plan eligibility with a target payout of 40% of base salary.
- Long-term incentive award with an estimated target grant date value of $150,000 (including a previously approved $50,000 award).
No specific risks, contingencies, or unusual financial items were disclosed in this report.
Investor Verification Checklist
- Verify the transition timeline for the Chief Accounting Officer role (Interim: June 18–July 31, 2025; Permanent: August 1, 2025).
- Confirm the total compensation value for the new Chief Accounting Officer, specifically the $150,000 long-term incentive target.
- Review future filings to ensure no disruption to SEC reporting or internal controls during the interim period.