-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GLQbwKqjV8TYqIg6E+PwGC1j9+28zUYzwV21uF2OT4uKTIlI1gI6tAZZfaQHPm6n 2Clk1Rcl5RfXa7X4zBGQJA== 0001157523-04-011751.txt : 20041223 0001157523-04-011751.hdr.sgml : 20041223 20041223092009 ACCESSION NUMBER: 0001157523-04-011751 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041223 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041223 DATE AS OF CHANGE: 20041223 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DRS TECHNOLOGIES INC CENTRAL INDEX KEY: 0000028630 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] IRS NUMBER: 132632319 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08533 FILM NUMBER: 041222463 BUSINESS ADDRESS: STREET 1: 3RD FLOOR STREET 2: 5 SYLVAN WAY CITY: PARSIPPANY STATE: NJ ZIP: 07054 BUSINESS PHONE: 9738981500 MAIL ADDRESS: STREET 1: 3RD FLOOR STREET 2: 5 SYLVAN WAY CITY: PARSIPPANY STATE: NJ ZIP: 07054 FORMER COMPANY: FORMER CONFORMED NAME: DIAGNOSTIC RETRIEVAL SYSTEMS INC DATE OF NAME CHANGE: 19920703 8-K 1 a4789978.txt DRS TECHNOLOGIES 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): December 23, 2004 (December 23, 2004) DRS TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 1-08533 13-2632319 (State or other jurisdiction of (Commission (IRS Employer incorporation or organization) File Number) Identification Number) 5 Sylvan Way, Parsippany, New Jersey 07054 (Address of principal executive offices) (973) 898-1500 (Registrant's telephone number, including area code) 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 PRINCIPAL OFFICERS, ELECTION OF DIRECTORS, OR APPOINTMENT OF PRINCIPAL OFFICERS On December 23, 2004, a press release was issued announcing that Paul G. Casner, Jr., the executive vice president and chief operating officer of DRS Technologies, Inc. (DRS), plans to retire on March 31, 2005, the close of the company's fiscal year. Consistent with DRS's succession planning initiatives, Mr. Casner's retirement is supported by the company's new operating structure announced on March 19, 2004, whereby the company realigned all of its operating units into two operating segments led by two group presidents. Effective with Mr. Casner's retirement, Fred L. Marion, president of the company's Surveillance & Reconnaissance Group, and Steven T. Schorer, president of the company's C4I Group, will report to Mark S. Newman, DRS's chairman, president and chief executive officer. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits The following press release is included as an exhibit to this report: Exhibit No. Description ----------- ----------- 99.1 DRS Technologies, Inc. Press Release dated December 23, 2004. DRS TECHNOLOGIES, INC. 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 thereunto duly authorized. DRS TECHNOLOGIES, INC. ---------------------- (Registrant) Date: December 23, 2004 By: /s/ RICHARD A. SCHNEIDER ------------------------ Richard A. Schneider Executive Vice President, Chief Financial Officer INDEX TO EXHIBITS Exhibit No. Description - ----------- ----------- 99.1 DRS Technologies, Inc. Press Release dated December 23, 2004. EX-99.1 2 a4789978ex991.txt PRESS RELEASE EXHIBIT 99.1 Paul G. Casner, Jr. Retiring from DRS Technologies PARSIPPANY, N.J.--(BUSINESS WIRE)--Dec. 23, 2004--DRS Technologies, Inc. (NYSE:DRS) today announced that Paul G. Casner, Jr., the company's executive vice president and chief operating officer, plans to retire on March 31, 2005, the close of the company's fiscal year. Consistent with DRS's succession planning initiatives, Mr. Casner's retirement is supported by the company's new operating structure announced last fiscal year, whereby the company realigned all of its operating units into two operating segments led by two group presidents. Effective with Mr. Casner's retirement, Fred L. Marion, president of DRS's Surveillance & Reconnaissance Group, and Steven T. Schorer, president of DRS's C4I Group, will report directly to Mark S. Newman, chairman, president and chief executive officer of DRS Technologies. "It has been an exceptional honor and privilege to work with Paul over the last 11 years," said Mr. Newman. "All of us at DRS wish him the best as he moves into a well-deserved retirement." Mr. Newman added, "I look forward to working directly with Fred Marion and Steve Schorer, as they continue in their key operating roles." Paul G. Casner's Background Mr. Casner, who will be 67 in January, joined DRS in 1993 with the acquisition of Technology Applications & Service Company, where he served as chairman and chief executive officer. In 1994, he was appointed to the position of president of DRS's former Electronic Systems Group. In 1998, he was named executive vice president, operations, of the company, and in 2000, became chief operating officer. Prior to joining DRS, Mr. Casner was employed at Norden Systems, Inc. in various senior positions, including vice president and general manager of the Marine Systems Division, senior vice president of engineering and vice president and general manager of its Maryland Operations, and president and chief executive officer of its Norden Service Company, Inc. unit. Earlier, Mr. Casner co-founded American Computer and Electronics Corporation and served as executive vice president of its Federal Systems Division, after 16 years in system engineering and management positions at the Applied Physics Laboratory of Johns Hopkins University. DRS Technologies, headquartered in Parsippany, New Jersey, provides leading edge products and services to defense, government intelligence and commercial customers. Focused on defense technology, DRS develops and manufactures a broad range of mission critical systems. The company employs 5,800 people worldwide. For more information about DRS Technologies, please visit the company's Web site at http://www.drs.com. CONTACT: DRS Technologies, Inc., Parsippany Patricia M. Williamson, 973-898-1500 -----END PRIVACY-ENHANCED MESSAGE-----