Northrop Grumman Corp. 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on October 13, 2015, by Northrop Grumman Corporation. The report details organizational and leadership changes approved by the Board of Directors on October 13, 2015, with new roles effective January 1, 2016.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on personnel appointments and associated compensation adjustments.
Material Changes
The Board elected three current officers to new positions effective January 1, 2016:
- Gloria A. Flach: Elected Corporate Vice President and Chief Operating Officer (previously President, Electronic Systems).
- Kathy J. Warden: Elected Corporate Vice President and President, Mission Systems (previously President, Information Systems).
- Christopher T. Jones: Elected Corporate Vice President, Technology Services (previously Corporate Vice President, Technical Services).
Ms. Flach and Ms. Warden will each receive a one-time relocation payment of $250,000. All three officers will continue to receive salary, bonus, and equity awards consistent with their current arrangements. No other new material compensatory arrangements were entered into.
Guidance, Outlook, and Risks
The filing does not provide financial guidance, outlook, management commentary on market conditions, or specific risk factors. The changes are presented as internal organizational updates.
Investor Verification Checklist
- Confirm the effective date of the new officer roles (January 1, 2016).
- Verify the $250,000 relocation payments for Ms. Flach and Ms. Warden.
- Review the attached press release (Exhibit 99.1) for additional context on the organizational structure.
- Note that no financial metrics or strategic outlook changes are disclosed in this specific filing.