UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): December 16, 2014
RAYTHEON COMPANY
(Exact name of registrant as specified in its charter)
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Delaware (State of Incorporation) | 1-13699 (Commission File Number) | 95-1778500 (IRS Employer Identification Number) |
870 Winter Street, Waltham, Massachusetts 02451
(Address of Principal Executive Offices) (Zip Code)
(781) 522-3000
(Registrant’s telephone number, including area code)
________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On December 16, 2014, Jay B. Stephens, Senior Vice President, General Counsel and Secretary of Raytheon Company (the “Company”), advised the Company of his intention to retire at the end of March 2015. The Company expects to name a new General Counsel sometime in early 2015. Mr. Stephens will assist with the transition of the Company's new General Counsel and will continue to serve as Senior Vice President and Corporate Secretary until his retirement from the Company.
A copy of the press release issued by the Company regarding this matter is being furnished as Exhibit 99.1 to this Form 8-K and is hereby incorporated by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
99.1 Press Release issued by Raytheon Company dated December 17, 2014.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| RAYTHEON COMPANY |
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Date: December 17, 2014 | By:_/s/ Jay B. Stephens_________ __________ |
| Jay B. Stephens
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| Senior Vice President, General Counsel and
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| Secretary
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EXHIBIT INDEX
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Exhibit No. | | Description |
99.1 | |
Press release issued by Raytheon Company dated December 17, 2014. |
Raytheon Company
Global Headquarters
Waltham, Mass.
Media Contact
Raytheon Company
Pamela Erickson
+1.781.522.5822
corporatepr@raytheon.com
For Immediate Release
Jay B. Stephens to Retire From Raytheon Company
WALTHAM, Mass., Dec. 17, 2014 -- Raytheon Company (NYSE: RTN) announced today that Jay B. Stephens, Senior Vice President, General Counsel and Corporate Secretary of Raytheon, has advised the Company of his intention to retire at the end of March 2015. For more than twelve years, Stephens has served as Senior Vice President and General Counsel of Raytheon and for the past eight years has also served as Corporate Secretary of the Company.
"Jay's leadership has had a tremendous impact on Raytheon and contributed significantly to our success over the past twelve years," noted Thomas A. Kennedy, Raytheon Chairman and CEO. "He has been instrumental in supporting our global business strategy, successfully managing the Company's risk profile, fostering a culture of compliance and business integrity, and building a collaborative team of professional business partners."
In advising the Company of his plans to retire, Stephens noted, "During the past twelve years, I have been honored to lead a great team of dedicated professionals, to contribute to the success of our customers, employees, shareholders and business partners, and to serve the critical mission of protecting the national security of America and its allies."
Before joining Raytheon, Stephens served in a number of positions in both the public and private sectors. He served as Associate Attorney General of the United States, Deputy General Counsel of Honeywell International, United States Attorney for the District of Columbia, Deputy Counsel to the President of the United States, and as a partner in the Washington office of a national law firm, among other roles. He currently serves on the boards of a number of non-profit educational and professional organizations. Earlier this year, Stephens was named one of America's top fifty general counsels by the National Law Journal.
Stephens is widely recognized as a strong business partner who has built a team of talented, engaged professionals who champion the Company's efforts to achieve a reputation for sound corporate governance, corporate responsibility, and regulatory compliance practices.
"Jay Stephens has been a key partner in the successful work of our Board, and he has consistently contributed sound counsel and good judgment," said Vern Clark, Lead Director of Raytheon's Board of Directors. "The integrity and credibility of his leadership have been a catalyst in shaping Raytheon's reputation for exceptional corporate governance and sound business practices."
The Company advised today that it is in the process of reviewing potential internal and external successor general counsel candidates, and expects to name a new Vice President and General Counsel sometime early next year. Stephens will assist with the transition of the Company's new General Counsel, and will continue to serve as Senior Vice President and Corporate Secretary until his retirement from the Company.
About Raytheon
Raytheon Company, with 2013 sales of $24 billion and 63,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 92 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as cyber security and a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @Raytheon.
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