Business Context and Reporting Period
This Form 8-K filing by Huntington Ingalls Industries, Inc. (HII) reports a corporate governance event dated November 7, 2017. The filing was submitted on November 13, 2017, to disclose the election of a new director to 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 addition of Philip M. Bilden to the Board of Directors. Mr. Bilden was elected effective immediately with a term expiring at the 2018 annual meeting of stockholders. He has been appointed to serve on the Compensation Committee and the Finance Committee.
Guidance, Outlook, and Management Commentary
There is no financial guidance, outlook, or management commentary regarding business operations in this filing. The document details Mr. Bilden's background, noting his retirement in June 2016 as a co-founding member of HarbourVest Partners, where he managed over $42 billion in assets. It also lists his current service on various naval and defense-related boards. Regarding compensation, Mr. Bilden will receive standard non-employee director compensation and is covered by the Company's standard indemnification agreement.
Key Facts for Investor Verification
- Philip M. Bilden was elected to the Board of Directors on November 7, 2017.
- Mr. Bilden has been assigned to the Compensation Committee and Finance Committee.
- His director term expires at the 2018 annual meeting of stockholders.
- Mr. Bilden's compensation follows the Company's standard non-employee director program.
- No financial results or operational metrics are disclosed in this specific filing.