L3HARRIS TECHNOLOGIES, INC. /DE/ 8K

L3Harris Technologies, Inc. agreed to the immediate separation of CEO and director Christopher Kubasik on August 16, 2026, citing non‑financial Code of Conduct issues and setting detailed terms for his departure, forfeited compensation and equity, mutual releases, and post‑employment restrictions.

L3Harris Technologies, Inc. entered into a Separation Agreement dated August 16, 2026 with its Chief Executive Officer and director, Christopher Kubasik, under which his employment and all roles with the company and its subsidiaries terminate effective 11:59 p.m. Eastern Time on August 16, 2026, following the Board’s determination—after consulting outside counsel—that certain conduct inconsistent with the company’s Code of Conduct but unrelated to financial reporting, controls, customer relations or operations warranted a negotiated departure rather than a for-cause termination. Under the agreement, Kubasik forfeits all outstanding equity awards (other than specified previously vested stock options that remain exercisable for 90 days on a net‑exercise basis), receives only accrued compensation and vested retirement benefits, agrees he is not entitled to 2026 bonuses or severance, and provides broad releases of claims against the company, while the company provides a reciprocal release subject to carve‑outs for undiscovered serious misconduct and retains clawback rights. The agreement imposes multi‑year restrictive covenants on Kubasik, including non‑competition, non‑solicitation, customer non‑interference, confidentiality, and non‑disparagement, requires his cooperation in transition and legal matters, continues his obligation to comply with the company’s insider trading policy for a defined period, and provides that the company will announce his separation via a Form 8‑K and press release in agreed form and may attach the Separation Agreement as an exhibit.

Filing Facts

CIK

202058

Ticker

LHX

Form

8K

Source Type

sec

Accession

0000202058-26-000066

Alert Tier

8