Business Context and Reporting Period
This Form 8-K Current Report was filed by KBR, Inc. on March 30, 2021. The report addresses a corporate governance event regarding the departure of a director from the Board of Directors.
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
The material change reported is the confirmed retirement of James R. Blackwell from the KBR Board of Directors. His departure is effective May 19, 2021, coinciding with the company's 2021 Annual Meeting of Stockholders.
Management Commentary and Risks
- Service History: Mr. Blackwell served on the Board for almost seven years, beginning in August 2014. He served on every Board committee and was the Chairman of the Nominating and Corporate Governance Committee.
- Management Response: CEO Stuart Bradie thanked Mr. Blackwell for his invaluable service and contributions. Chairman Lester Lyles praised Mr. Blackwell as an exemplary member with trusted experience in corporate governance and program delivery.
- Risks and Contingencies: The filing does not disclose new risks, contingencies, or unusual items beyond the standard transition of board membership.
Key Facts for Investor Verification
- James R. Blackwell will retire from the KBR Board effective May 19, 2021.
- Mr. Blackwell held the position of Chairman of the Nominating and Corporate Governance Committee.
- The filing contains no financial results or updated guidance.