HUNTINGTON INGALLS INDUSTRIES, INC. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Huntington Ingalls Industries, Inc. on August 9, 2012. The report discloses corporate governance changes, specifically the election of a new director and committee appointment.
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 Election: The Board of Directors elected Victoria D. Harker as a member of the Board of Directors, effective immediately on August 9, 2012.
- Committee Appointment: Ms. Harker was appointed to serve on the Compensation Committee.
- Background: Ms. Harker joined as Chief Financial Officer of Gannett Co., Inc. in July 2012. Previously, she served as CFO of The AES Corporation (2006–2012) and held CFO roles at MCI, Inc. and Worldcom, Inc.
Compensation and Arrangements
Ms. Harker will receive compensation under the Company's standard non-employee director compensation package, as detailed in the 2012 Definitive Proxy Statement. The Company has also entered into a standard indemnification agreement with Ms. Harker, agreeing to indemnify her against liabilities arising from her duties and to advance expenses related to proceedings where she is entitled to indemnity. No prior relationships or material interest transactions exist between Ms. Harker and the Company.
Key Facts for Investor Verification
- Verify the effective date of Victoria D. Harker's board membership (August 9, 2012).
- Review the 2012 Definitive Proxy Statement for specific details on the non-employee director compensation package.
- Confirm the terms of the standard indemnification agreement referenced in the filing.
- Note that this filing contains no financial results or operational updates for the period.