8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

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 16, 2022

Raytheon Technologies Corporation

(Exact name of registrant as specified in its charter)

Delaware	001-00812	06-0570975
(State of Incorporation)	(Commission	(IRS Employer
	File Number)	Identification Number)

870 Winter Street, Waltham, Massachusetts 02451

(Address of principal executive offices, including zip code)

(781) 522-3000

(Registrant's 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 (see General Instruction A.2.below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company   ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock ($1 par value)	RTX	New York Stock Exchange
(CUSIP 75513E 101)
2.150% Notes due 2030	RTX 30	New York Stock Exchange
(CUSIP 75513E AB7)

Item 5.02.  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 16, 2022, Raytheon Technologies Corporation (the “Company”) announced the departure of Michael Dumais, Executive Vice President, Chief Transformation Officer, from the Company effective as of March 31, 2022.

Mr. Dumais’ separation from employment will make him eligible to receive certain separation payments, accelerated vesting of equity awards and the continuation of certain benefits pursuant to the previously disclosed terms of the United Technologies Corporation Merger Severance Plan for Corporate Office Executives and Other Key Employees.

In addition, the Company intends to enter into a post-employment consulting agreement under which Mr. Dumais will provide certain services to the Company for the 12-month period following his departure.

Item 8.01.  Other Events.

On March 16, 2022, the Company issued a press release, which is attached hereto as Exhibit 99.1, announcing Mr. Dumais’ departure as well as the appointment of a new Senior Vice President, Corporate Strategy & Development.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit		Exhibit Description
Number
	99.1	Press Release dated March 16, 2022

  104 Cover Page Interactive Data File - the cover page XBRL tags are 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.

	RAYTHEON TECHNOLOGIES CORPORATION
	(Registrant)
Date: March 16, 2022	By: /s/ Ramsaran Maharajh
		Ramsaran Maharajh
		Executive Vice President & General Counsel

EX-99

Exhibit 99.1

Raytheon Technologies

870 Winter Street

Waltham, MA 02451 USA

Media Contact C: 202.384.2474

Investor Contact

C: 781.522.5123

Raytheon Technologies Appoints Barbara Borgonovi as Senior Vice President, Corporate Strategy & Development

WALTHAM, Mass. (March 16, 2022) ― Barbara Borgonovi has been named Raytheon Technologies’ (NYSE: RTX) senior vice president of Corporate Strategy & Development, effective April 1, 2022. Borgonovi will report to Chairman & Chief Executive Officer Gregory Hayes and serve as a member of the executive leadership team and will be responsible for developing corporate strategies that enhance profitability and performance, and for assessing merger and acquisition opportunities to drive overall company growth.

 “Barbara brings to this critical role two decades of leadership in our defense, intelligence and space businesses, combined with a career’s worth of expertise in engineering and program management,” said Hayes. “With a deep understanding of our portfolio’s core capabilities, Barbara is well positioned to further the strategic optimization and development of our business.”

Joining the corporate leadership team from Raytheon Intelligence & Space, Borgonovi is currently president of its Intelligence, Surveillance and Reconnaissance Systems unit. During her time with the company, she has previously served as vice president of the Integrated Communication Systems mission area, the lead Operations executive in the Space and Airborne Systems business, and as director of Program Operations for the Electronic Warfare Systems mission area.

Borgonovi takes on the new role at the same time Michael Dumais, as part of a planned transition, moves from Chief Transformation Officer to become an outside strategic advisor to Raytheon Technologies. Dumais, who joined the company in 1998, previously led strategy and development in conjunction with his responsibility as Chief Transformation Officer.

“I am incredibly grateful to Mike for his many contributions to our business and his key leadership role in shaping our industry. He has established the transformation roadmap that will drive performance and alignment across our enterprise well into the future,” continued Hayes. “Mike has been a trusted advisor to me and to our Board of Directors, ensuring that Raytheon Technologies will remain a leader in aerospace and defense.”

About Raytheon Technologies

Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. With four industry-leading businesses ― Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense ― the company delivers solutions that push the boundaries in avionics, cybersecurity, directed energy, electric propulsion, hypersonics, and quantum physics. The company, formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Waltham, Massachusetts.

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Document and Entity Information	Mar. 16, 2022
Entity Listings [Line Items]
Document Type	8-K
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Document Period End Date	Mar. 16, 2022
Entity Registrant Name	Raytheon Technologies Corporation
Entity Incorporation, State or Country Code	DE
Entity File Number	001-00812
Entity Tax Identification Number	06-0570975
Entity Address, Address Line One	870 Winter Street
Entity Address, City or Town	Waltham
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	02451
City Area Code	781
Local Phone Number	522-3000
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Entity Listings [Line Items]
Title of 12(b) Security	Common Stock ($1 par value)
Trading Symbol	RTX
Security Exchange Name	NYSE
2.150% Notes due 2030 [Member]
Entity Listings [Line Items]
Title of 12(b) Security	2.150% Notes due 2030
Trading Symbol	RTX 30
Security Exchange Name	NYSE