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): March 18, 2015
RAYTHEON COMPANY
(Exact name of registrant as specified in its charter)
|
| | |
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))
________________________________________________________________
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(d) Election of Director
On March 18, 2015, the Board of Directors of Raytheon Company elected Letitia A. Long as an independent director effective immediately with a term expiring at the annual meeting of stockholders in 2015. A copy of the Company’s press release issued on March 20, 2015, regarding Ms. Long’s election is filed as Exhibit 99.1 to this Form 8-K and is hereby incorporated herein by reference.
The election of Ms. Long was not pursuant to any arrangement or understanding between Ms. Long and any third party. As of the date of this report, neither Ms. Long nor any of her immediate family members is a party, either directly or indirectly, to any transaction that would be required to be reported pursuant to Item 404(a) of Regulation S-K.
Ms. Long will be compensated consistent with the compensation programs for non-employee directors. Upon her election to the Board, she was awarded $25,000 of restricted stock pursuant to the 2010 Stock Plan which stock is due to vest on the date of the 2015 annual meeting of stockholders.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
99.1 Press Release issued by Raytheon Company dated March 20, 2015.
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.
RAYTHEON COMPANY
Date: March 20, 2015 By: /s/ Jay B. Stephens_______________________
Jay B. Stephens
Senior Vice President and Secretary
EXHIBIT INDEX
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| | |
Exhibit No. | | Description |
99.1 | |
Press release issued by Raytheon Company dated March 20, 2015. |
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| | | | |
| | | Raytheon Company | |
| | Global Headquarters |
| | Waltham, Mass. |
| | |
| | Media Contacts |
| | |
| | | Raytheon Company |
| | | Pam Erickson |
| | | +1.781.522.5822 |
| | | corporatepr@raytheon.com |
| | | |
For Immediate Release
Letitia A. Long elected to Raytheon Board of Directors
_____________________________________________________________________________________________
WALTHAM, Mass., (March 20, 2015) – The Board of Directors of Raytheon Company (NYSE: RTN) has elected Letitia A. Long as a director effective immediately.
Ms. Long, 55, has held numerous positions of increasing responsibility over the course of her distinguished 32-year career in the Department of Defense and the Intelligence Community. She served as Director of the National Geospatial-Intelligence Agency from 2010 to 2014. From 2006 to 2010, she served as the Deputy Director of the Defense Intelligence Agency, and from 2003 to 2006, as Deputy Undersecretary of Defense (Intelligence) for Policy, Requirements and Resources.
“We are fortunate to welcome Letitia Long to Raytheon’s Board of Directors,” said Thomas A. Kennedy, Raytheon’s Chairman and CEO. “Tish’s leadership background and extensive experience related to intelligence and security matters will be of great value to our Board and our Company.”
Ms. Long serves on the board of directors of UrtheCast Corporation and on the board of trustees of Noblis, Inc. She is the recipient of the Department of Defense Medal for Distinguished Civilian Service. She earned a Bachelor of Science in Electrical Engineering from Virginia Polytechnic Institute and State University and a Master of Science in Mechanical Engineering from the Catholic University of America.
About Raytheon
Raytheon Company, with 2014 sales of $23 billion and 61,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 93 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.com.
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