Boeing Company 8-K 2011
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
October 31, 2011
Date of Report (Date of earliest event reported)
The Boeing Company
(Exact Name of Registrant as Specified in Charter)
(Registrants Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
As previously reported, on October 31, 2011, the Board of Directors (the Board) of The Boeing Company (the Company) approved certain management changes at the Company, including the election of Gregory D. Smith as Executive Vice President and Chief Financial Officer effective February 1, 2012.
On December 12, 2011, the Board, acting on the recommendation of its Compensation Committee (the Committee), approved an increase in Mr. Smiths annual base salary to $625,000 per year, effective February 1, 2012. On December 11, 2012, the Committee also determined that, in connection with Mr. Smiths election, Mr. Smiths target awards under the Companys annual and long-term incentive plans shall be set at 85% and 325%, respectively, of his new annual base salary. Awards under the long-term incentive plan shall be allocated among performance awards, stock options and restricted stock units in accordance with the long-term incentive plan. Additional details regarding awards under these plans are set forth on pages 27 to 29 of the Companys proxy statement for its 2011 Annual Meeting of Shareholders filed with the Securities and Exchange Commission on March 18, 2011.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
Dated: December 15, 2011