General Dynamics Corp 8-K, filed Mar 7, 2024
General Dynamics Corp (GD)
About this 8-K
General Dynamics Corp filed this 8-K on March 7, 2024, reporting on events of March 5, 2024.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) March 7, 2024 (
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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 January 5, 2024, General Dynamics Corporation (the “company”) issued a press release announcing that Mark C. Roualet, Executive Vice President, Combat Systems, informed the company of his intent to retire on April 30, 2024 (the “Retirement Effective Date”).
On March 5, 2024, the Compensation Committee of the Board of Directors of the company approved: (i) certain equity-based awards for Mr. Roualet with a grant date of March 6, 2024, comprised of non-statutory stock options and restricted stock units (collectively, the “Grants”) under the company’s Amended and Restated 2012 Equity Compensation Plan (the “Plan”), and (ii) a waiver of a provision in the form of award agreements governing the Grants regarding forfeiture of grants in the event a grantee is not continuously employed for nine (9) months following the grant date.
In addition, the company and Mr. Roualet expect to enter into a consulting agreement following his Retirement Effective Date, pursuant to which Mr. Roualet will provide advisory consulting services to the company through December 31, 2024, and receive a monthly payment of $36,500.
The foregoing description of Mr. Roualet’s Grants does not purport to be complete and is qualified in its entirety by reference to the full text of the Plan and the applicable award agreements.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits |
| 104 | Cover Page Interactive Data File (embedded within the 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.
| GENERAL DYNAMICS CORPORATION | ||
| By: | /s/ Gregory S. Gallopoulos | |
| Gregory S. Gallopoulos | ||
| Senior Vice President, General Counsel and Secretary (Authorized Officer) | ||
Dated: March 7, 2024