AI English summary of an SEC filing — figures as filed

Northrop Grumman said it had previously disclosed, in a Form 8-K filed on May 16, 2024, that Kenneth Crews was elected Corporate Vice President and Chief Financial Officer, effective October 1, 2024.

8-K/ADeparture or Appointment of Directors or Certain Officers (amended)Amended filingFiled Sep 19, 2024Period of report May 14, 2024Summary published (UTC) Oct 29, 2026

Key points

AI summary

Northrop Grumman said it had previously disclosed, in a Form 8-K filed on May 16, 2024, that Kenneth Crews was elected Corporate Vice President and Chief Financial Officer, effective October 1, 2024.
The company said that on September 17, 2024, the Compensation and Human Capital Committee of its Board of Directors approved an annualized base salary of $850,000 for Crews, effective October 1, 2024.
The company said it approved an annual incentive target bonus of 100% of Crews' base salary. The bonus will be prorated for fiscal 2024 and will be determined by achievement of the company's pre-established performance goals.
The company said Crews will continue to be eligible to participate in its long-term incentive compensation program, including for long-term incentive awards to be granted in 2025.

Summary

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Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Kenneth Crews Chief Financial Officer Start Date

Northrop Grumman said it had previously disclosed, in a Form 8-K filed on May 16, 2024, that Kenneth Crews was elected Corporate Vice President and Chief Financial Officer, effective October 1, 2024.

Source · Based on the filing body and exhibits

Approval of Crews' Annual Base Salary of $850,000

The company said that on September 17, 2024, the Compensation and Human Capital Committee of its Board of Directors approved an annualized base salary of $850,000 for Crews, effective October 1, 2024.

Source · Based on the filing body and exhibits

Annual Incentive Target Bonus at 100% of Base Salary

The company said it approved an annual incentive target bonus of 100% of Crews' base salary. The bonus will be prorated for fiscal 2024 and will be determined by achievement of the company's pre-established performance goals.

Source · Based on the filing body and exhibits

Eligibility for Long-Term Incentive Compensation Program

The company said Crews will continue to be eligible to participate in its long-term incentive compensation program, including for long-term incentive awards to be granted in 2025.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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