RTN Raytheon Co

 

 

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): July 22, 2015

 

 

RAYTHEON COMPANY

(Exact name of registrant as specified in its charter)

 

 

 

Delaware		1-13699		95-1778500
(State of Incorporation)		(Commission File Number)		(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

 

(d)	Election of Director

On July 22, 2015, the Board of Directors of Raytheon Company elected Robert E. Beauchamp as an independent director effective immediately with a term expiring at the annual meeting of stockholders in 2016. A copy of the Company’s press release issued on July 24, 2015, regarding Mr. Beauchamp’s election is filed as Exhibit 99.1 to this Form 8-K and is hereby incorporated herein by reference.

The election of Mr. Beauchamp was not pursuant to any arrangement or understanding between Mr. Beauchamp and any third party. As of the date of this report, neither Mr. Beauchamp nor any of his 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.

Mr. Beauchamp will be compensated consistent with the compensation programs for non-employee directors. Upon his election to the Board, he was awarded $117,000 of restricted stock pursuant to the 2010 Stock Plan which stock is due to vest on the date of the 2016 annual meeting of stockholders.

Item 9.01. Financial Statements and Exhibits

 

(d)

Exhibits

 

99.1		Press Release issued by Raytheon Company dated July 24, 2015.

 

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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: July 24, 2015				By:		/s/ Frank R. Jimenez
						Frank R. Jimenez
						Vice President, General Counsel and Secretary

 

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EXHIBIT INDEX

 

Exhibit No.		Description
99.1		Press release issued by Raytheon Company dated July 24, 2015.

 

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Exhibit 99.1

 

		RAYTHEON COMPANY
		GLOBAL HEADQUARTERS
		WALTHAM, MASS.
		MEDIA CONTACT:
		RAYTHEON COMPANY
		PAM ERICKSON
		+1.781-522-5822 CORPORATEPR@RAYTHEON.COM

For Immediate Release

Robert Beauchamp elected to Raytheon Board of Directors

WALTHAM, Mass. (July 24, 2015) – The Board of Directors of Raytheon Company (NYSE: RTN) has elected Robert “Bob” Beauchamp as a director, effective immediately.

Beauchamp, 55, is chairman, president and CEO of BMC Software, Inc., a global provider of business service management software. He joined BMC in 1988 and has served as president and CEO since 2001. Beauchamp was named board chairman of BMC in 2008.

“Bob’s extensive leadership experience and deep understanding of today’s digital technology markets strongly align with the business focal points of our Board and our Company,” said Thomas A. Kennedy, Raytheon Company Chairman and CEO. “We look forward to leveraging Bob’s expertise on the Board as we continue to execute our long-term, global growth strategy.”

Beauchamp serves as an independent director of National Oilwell Varco, Inc., a provider of drilling equipment, oilfield services and supply chain integration services for the oil and gas industry. He also serves on the Board of Regents of Baylor University. Beauchamp earned a bachelor’s degree in finance from the University of Texas at Austin and a master’s degree in management from Houston Baptist University.

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About Raytheon

Raytheon Company, with 2014 sales of $23 billion and 61,000 employees worldwide, is a technology and innovation leader specializing in defense, civil government and cybersecurity 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 cybersecurity 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.