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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): August 5, 2015
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)
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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 July 30, 2015, Daniel J. Crowley resigned from his positions as Vice President of Raytheon Company (the “Company”) and President, Integrated Defense Systems. Wesley D. Kremer assumed the role of President, Integrated Defense Systems, on July 30, 2015, upon the resignation of Mr. Crowley from that position. Mr. Kremer is expected to be elected a Vice President of the Company at the next regularly scheduled meeting of the Company’s Board of Directors.
A copy of the Company’s press release issued on July 30, 2015 is filed as Exhibit 99.1 to this Form 8-K and is hereby incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
99.1 Press Release issued by Raytheon Company dated July 30, 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.
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| | | RAYTHEON COMPANY | |
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Date: | August 5, 2015 | By: | /s/ Frank R. Jimenez | |
| | | Frank R. Jimenez | |
| | | Vice President, General Counsel and Secretary | |
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EXHIBIT INDEX
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Exhibit No. | | Description |
99.1 | | Press release issued by Raytheon Company dated July 30, 2015. |
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| | | Raytheon Company | |
| | Global Headquarters |
| | Waltham, Mass. |
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| | Media Contact |
| | Raytheon Company |
| | | Pam Erickson |
| | | +1.781-522-5822 |
| | | corporatepr@raytheon.com |
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For Immediate Release
Raytheon Company appoints Wesley D. Kremer President, Integrated Defense Systems
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WALTHAM, Mass. (July 30, 2015) -- Raytheon Company (NYSE: RTN) Chairman and CEO Thomas A. Kennedy announced today the appointment of Wesley D. Kremer as President, Integrated Defense Systems, effective immediately. Kremer, 50, previously served as vice president of the Air and Missile Defense Systems (A&MDS) product line of Raytheon Missile Systems. He succeeds Daniel J. Crowley, who informed the company of his intention to resign from Raytheon on December 31, 2015. Mr. Crowley will complete work on a special assignment for the company in the interim period prior to his departure.
Kremer joined Raytheon in 2003 as general manager of Raytheon's Advanced Products Center in Dallas, Texas. In this role he was responsible for the development, design and production of innovative RF technology solutions, AESA sensors, antennas, composite radomes and high-temperature composite structures. His most recent role as vice president of Raytheon's A&MDS product line included leadership of the Company's Standard Missile-3, Standard Missile-6, Exoatmospheric Kill Vehicle (EKV), Redesigned EKV (RKV) and Israeli Cooperative Programs, as well as Advanced Kill Vehicles and European Missile Defense efforts.
While at Missile Systems, Kremer also held positions as director of the SM-3 program and director of Systems Design and Performance Engineering.
Prior to joining Raytheon, Kremer served 11 years in the U.S. Air Force as a weapon systems officer, flying the F-111 and F-15E, with over 1,500 hours of flight time in fighter aircraft, including over 90 combat sorties in Iraq and Bosnia. He was the first person to be named the top graduate of both the Electronic Warfare Officer course and the Fighter/Bomber course at Specialized Undergraduate Navigator Training. Kremer was ranked first of 411 graduates and named as the Air Training Command Navigator of the Year in 1989.
Kremer received his bachelor's degree in electrical engineering from Montana State University and his MBA in engineering technology management from City University of Seattle.
In commenting on Kremer's appointment, Kennedy said, "During his tenure with the Company, Wes has demonstrated his ability to grow the business, execute flawlessly and lead high-performing teams. This extensive experience, combined with a deep understanding of our Air Force, Navy and Missile Defense Agency customers, makes him an ideal leader for our Integrated Defense Systems business."
Kennedy continued, "I want to thank Dan for all of his hard work and dedication to our customers and our team. We wish him well in his future endeavors."
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 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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