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. |
(e)
On January 31, 2022, Huntington Ingalls Industries, Inc. (the “Company”) filed a Current Report on Form 8-K disclosing that C. Michael Petters would retire from his position as President and Chief Executive Officer (Principal Executive Officer) and transition to his new position as an employee of the Company and Executive Vice Chairman of the Board of Directors, effective March 1, 2022. In connection with the transition, Mr. Petters’s (i) annual base salary was increased from $1 to $770,000, effective February 28, 2022 and (ii) the target amount of his 2022 grant of restricted performance stock rights under the Company’s 2012 Long-Term Incentive Stock Plan was decreased from $4.40 million the prior year to $1.45 million.
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 4, 2022 | By: | /s/ Charles R. Monroe, Jr. | ||||
| Charles R. Monroe, Jr. | ||||||
| Corporate Vice President, Associate | ||||||
| General Counsel and Secretary | ||||||