0001299933-15-001018.txt : 20150701 0001299933-15-001018.hdr.sgml : 20150701 20150701102304 ACCESSION NUMBER: 0001299933-15-001018 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150701 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150701 DATE AS OF CHANGE: 20150701 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HARRIS CORP /DE/ CENTRAL INDEX KEY: 0000202058 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] IRS NUMBER: 340276860 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03863 FILM NUMBER: 15963506 BUSINESS ADDRESS: STREET 1: 1025 W NASA BLVD CITY: MELBOURNE STATE: FL ZIP: 32919 BUSINESS PHONE: 3217279100 MAIL ADDRESS: STREET 1: 1025 W NASA BLVD CITY: MELBOURNE STATE: FL ZIP: 32919 FORMER COMPANY: FORMER CONFORMED NAME: HARRIS SEYBOLD CO DATE OF NAME CHANGE: 19600201 8-K 1 htm_52071.htm LIVE FILING HARRIS CORPORATION (Form: 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):   July 1, 2015

HARRIS CORPORATION
__________________________________________
(Exact name of registrant as specified in its charter)

     
Delaware 1-3863 34-0276860
_____________________
(State or other jurisdiction 		_____________
(Commission 		______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
1025 West NASA Blvd., Melbourne, Florida   32919
_________________________________
(Address of principal executive offices) 		  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   (321) 727-9100

Not Applicable
______________________________________________
Former name or former address, if changed since last report

 

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:

[  ]  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))

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

(b) On July 1, 2015, Harris Corporation (“Harris”) issued a press release announcing that effective with its fiscal 2016, which begins July 4, 2015, it will reorganize its business segments as a result of its recent acquisition of Exelis Inc. and create four market-focused segments, which will replace Harris’ prior segment structure.

As part of its segment reorganization announcement, Harris announced that Sheldon J. Fox has been named Senior Vice President, Integration and Engineering and Dana A. Mehnert has been named Senior Vice President, Chief Global Business Development Officer. The new positions are effective the beginning of fiscal 2016 and will continue to report to Harris’ Chairman, President and Chief Executive Officer, William M. Brown.

Messrs. Fox and Mehnert, who were among Harris’ “named executive officers” (pursuant to Instruction 4 to Item 5.02 of Form 8-K, those executive officers included in the Summary Compensation Table in the Proxy Statement for Harris’ 2014 Annual Meeting of Shareholders), consequently will no longer serve in the positions they held in fiscal 2015 (Mr. Fox as Group President, Government Communications Systems, and Mr. Mehnert as Group President, RF Communications).

Item 8.01 Other Events.

As noted above, on July 1, 2015, Harris issued a press release announcing its segment reorganization. Effective with Harris’ fiscal 2016, which begins July 4, 2015, Harris will be organized in the following four market-focused business segments: (i) Communication Systems, (ii) Critical Networks, (iii) Electronic Systems and (iv) Space and Intelligence Systems. Further information regarding Harris’ segment reorganization is set forth in the press release filed herewith as Exhibit 99.1, which is incorporated into this Item 8.01 by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The following exhibit is filed herewith:

     
99.1
  Press Release, issued by Harris Corporation on July 1, 2015.

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.

         
    HARRIS CORPORATION
          
July 1, 2015   By:   /s/ Scott T. Mikuen
       
        Name: Scott T. Mikuen
        Title: Senior Vice President, General Counsel and Secretary

Exhibit Index


     
Exhibit No.   Description
 
99.1
  Press Release, issued by Harris Corporation on July 1, 2015.
EX-99.1 2 exhibit1.htm EX-99.1 EX-99.1

Exhibit 99.1

Harris Corporation Announces New Organizational Structure

Highlights:

  •   Establishes four market-focused segments aligned with Harris’ strategic growth platforms

  •   Increases efficiency and captures synergies

  •   Combines talent and technology to improve competitiveness

MELBOURNE, Fla., July 1, 2015 — Harris Corporation (NYSE:HRS) today announced that it will reorganize its business segments to increase operational efficiency and capture synergies that result from Harris’ recent acquisition of Exelis.

“We combined Harris’ and Exelis’ top talent and technology to create four market-focused segments aligned with Harris’ strategic growth platforms,” said William M. Brown, chairman, president and chief executive officer. “Our new structure will help us improve our competitive position, increase efficiency, and capture synergies, while we continue to bring innovative and affordable solutions to our customers.”

Effective the beginning of fiscal 2016, July 4, the company will be organized in the following four business segments:

•   Communication Systems, led by Chris Young. The segment will serve markets in tactical and airborne radios, night vision technology, and defense and public safety networks.

•   Critical Networks, led by Carl D’Alessandro. The segment will provide managed services supporting air traffic management, energy and maritime communications, and ground network operation and sustainment, as well as high-value IT and engineering services.

•   Electronic Systems, led by Ed Zoiss. The segment will offer an extensive portfolio of solutions in electronic warfare, avionics, wireless technology, C4I, undersea systems and aerostructures.

•   Space and Intelligence Systems, led by Bill Gattle. The segment will provide complete earth observation, weather, geospatial, space protection, and intelligence solutions from advanced sensors and payloads, as well as ground processing and information analytics.

In addition, Sheldon Fox has been named Senior Vice President, Integration and Engineering for the company. Fox, formerly President of Harris’ Government Communications Systems segment, has been leading the acquisition integration effort. Also, Dana Mehnert, formerly President of Harris’ RF Communications segment, has been named Senior Vice President, Chief Global Business Development Officer. Mehnert will have responsibility for driving topline growth, leveraging complementary channels, and capturing large multi-year opportunities. Both of these positions will report to Brown.

”Our new leadership team has extensive industry experience, a proven track record and a deep commitment to meeting customer expectations,” Brown added.

About Harris Corporation
Harris provides advanced, technology-based solutions that solve government and commercial customers’ mission critical challenges. The company has approximately $8 billion in annual revenue and about 23,000 employees — including 9,000 engineers and scientists — supporting customers in more than 125 countries. Learn more at harris.com.

Forward-Looking Statements
Statements in this press release that are not historical facts are forward-looking statements that reflect management’s current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Information relating to factors that may impact the company’s results and forward-looking statements are disclosed in the company’s filings with the SEC. The forward-looking statements contained in this release are made as of the date of this release, and the company disclaims any intentions or obligations, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

# # #

Investor Relations inquiries: Pamela Padgett at 321-727-9383, or pamela.padgett@harris.com
Media inquiries: Jim Burke at 321-727-9131, or jim.burke@harris.com