UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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 March 5, 2021, Huntington Ingalls Industries, Inc. (the “Company”) announced that Brian J. Cuccias, Executive Vice President and President, Ingalls Shipbuilding, would be retiring from the Company effective April 1, 2021. In connection with Mr. Cuccias’ retirement, the Compensation Committee of the Company’s Board of Directors approved a grant of restricted stock rights (RSRs”) to Mr. Cuccias valued at $200,000 to be issued on April 1, 2021. The RSRs will vest one year from the date of grant. The purpose of the RSR grant was to provide Mr. Cuccias with equity compensation for 2021 that he otherwise would have forfeited as a result of not working for six months in 2021.
Kara R. Wilkinson was elected by the Company’s Board of Directors to succeed Mr. Cuccias as Executive Vice President and President, Ingalls Shipbuilding, effective April 1, 2021. Ms. Wilkinson currently serves as Vice President, Programs, Ingalls Shipbuilding,
A copy of the Company’s press release announcing the retirement of Mr. Cuccias is attached hereto as Exhibit 99.1 and incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit |
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| 99.1 | Press release dated March 5, 2021. | |
| 104 | Cover Page Interactive Data File (embedded within Inline XBRL document) | |
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.
| HUNTINGTON INGALLS INDUSTRIES, INC. | ||||||
| Date: March 8, 2021 | By: | /s/ Charles R. Monroe, Jr. | ||||
| Charles R. Monroe, Jr. | ||||||
| Corporate Vice President, Associate General Counsel and Secretary | ||||||