-----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, G6wmQlJMyDFO3ICFspzqRxYlFfL/WN38sHQWhfkeeK8jowP78ImSZ1dEOaVU3R41 0wahN49nI1D8DWf1zMRzmg== 0001157523-07-012139.txt : 20071213 0001157523-07-012139.hdr.sgml : 20071213 20071213151415 ACCESSION NUMBER: 0001157523-07-012139 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20071213 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: 20071213 DATE AS OF CHANGE: 20071213 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: 071304487 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 a5567598.txt DRS TECHNOLOGIES, INC. 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 13, 2007 (December 13, 2007) 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 13, 2007, DRS Technologies, Inc. (DRS) announced that VADM Michael L. Bowman, USN (Ret.), executive vice president, Washington Operations, has advised the company that he plans to retire on or around the end of the company's fiscal 2009 first quarter. Consistent with DRS's succession planning initiatives and effective upon VADM Bowman's retirement, VADM Phillip M. Balisle, USN (Ret.), senior vice president, maritime strategic plans and programs, will assume VADM Bowman's responsibilities and will report to Mark S. Newman, DRS's chairman, president and chief executive officer. A press release announcing the foregoing was issued today and 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 13, 2007. 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 13, 2007 By: /s/ NINA L. DUNN ---------------- Nina L. Dunn Executive Vice President, General Counsel and Secretary INDEX TO EXHIBITS Exhibit No. Description ----------- ----------- 99.1 DRS Technologies, Inc. Press Release dated December 13, 2007. EX-99.1 2 a5567598ex991.txt EXHIBIT 99.1 Exhibit 99.1 Michael L. Bowman, Executive Vice President, Washington Operations, to Retire from DRS Technologies PARSIPPANY, N.J.--(BUSINESS WIRE)--Dec. 13, 2007--DRS Technologies, Inc. (NYSE: DRS) today announced that Vice Admiral Michael L. Bowman, USN (Ret.), the company's executive vice president, Washington Operations, informed the company that he plans to retire on or around the end of the company's fiscal 2009 first quarter. Consistent with DRS's succession planning initiatives and effective upon Admiral Bowman's retirement, Vice Admiral Phillip M. Balisle, USN (Ret.), the company's senior vice president, maritime strategic plans and programs, will assume Admiral Bowman's responsibilities at DRS's Washington Operations in Arlington, Virginia. Admiral Balisle 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 Mike for almost 6 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 Phillip Balisle in this strategically important operating role." VADM Bowman's Background Vice Admiral Bowman, age 64, joined DRS in March 2001 as senior vice president of the company's Washington Operations and was promoted to executive vice president in June 2005. Prior to that, he served for 35 years with the U.S. Navy, including a number of assignments in the Washington, D.C. area involving congressional relations in support of Navy and Marine Corps defense issues. During his military career, Admiral Bowman commanded three air wings, as well as an aircraft carrier battle group. His final active duty assignment was as Commander, Naval Air Force, Pacific Fleet, where he was responsible for approximately 50,000 personnel serving in aircraft carriers and air squadrons throughout the Pacific and southwest Asia theaters. He received numerous military citations, including the Distinguished Service Medal, the Distinguished Flying Cross and the Air Medal. VADM Balisle's Background Vice Admiral Balisle, age 59, joined DRS in September 2005 as senior vice president, maritime strategic plans and programs, for the company's Washington Operations. Prior to that, he had a distinguished 36-year career with the U.S. Navy, during which he commanded a cruiser-destroyer group and a carrier battle group, among other assignments. He also served as Director, Theatre Air Warfare, N865, and Director, Surface Warfare on the Staff of the Chief of Naval Operations. His final assignment before retiring from the Navy was as Commander, Naval Sea Systems Command (NAVSEA), heading a team of 46,000 men and women nationwide. Admiral Balisle has received numerous military awards, including the Distinguished Service Medal, Legion of Merit, Bronze Star and Meritorious Service Medals. DRS Technologies, headquartered in Parsippany, New Jersey, is a leading supplier of integrated products, services and support to military forces, intelligence agencies and prime contractors worldwide. The company employs approximately 10,000 people. For more information about DRS Technologies, please visit the company's web site at www.drs.com. SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: This press release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on management's beliefs and assumptions, current expectations, estimates and projections. Such statements, including statements relating to DRS Technologies' expectations for future financial performance, are not considered historical facts and are considered forward-looking statements under the federal securities laws. These statements may contain words such as "may," "will," "intend," "plan," "project," "expect," "anticipate," "could," "should," "would," "believe," "estimate," "contemplate," "possible" or similar expressions. These statements are not guarantees of the Company's future performance and are subject to risks, uncertainties and other important factors that could cause actual performance or achievements to differ materially from those expressed or implied by these forward-looking statements and include, without limitation, demand and competition for the Company's products and other risks or uncertainties detailed in the Company's Securities and Exchange Commission filings. Given these uncertainties, you should not rely on forward-looking statements. Such forward-looking statements speak only as of the date on which they were made, and the Company undertakes no obligations to update any forward-looking statements, whether as a result of new information, future events or otherwise. CONTACT: DRS Technologies, Inc. Richard M. Goldberg, 973-451-3584 Vice President, Public Affairs goldberg@drs.com or Patricia M. Williamson, 973-898-6025 Vice President, Investor Relations p.williamson@drs.com -----END PRIVACY-ENHANCED MESSAGE-----