UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
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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. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Mark S. Hacker, Executive Vice President, General Counsel and Chief Administrative Officer, has decided to step down from his position at Motorola Solutions, Inc. (the “Company”), effective February 1, 2023, and will retire from the Company effective December 31, 2023. Mr. Hacker will remain employed by the Company as Executive Vice President from February 1, 2023 until his retirement on December 31, 2023 to ensure a smooth transition and to support certain projects. There were no changes made to Mr. Hacker’s compensation levels as a result of his change in role and retirement.
Mr. Hacker’s decision to retire was made for personal reasons and there are no disagreements between the Company and Mr. Hacker on any matter. In addition, in connection with Mr. Hacker’s retirement on December 31, 2023, the Company’s Compensation and Leadership Committee (“Committee”) approved, on January 27, 2023, giving Mr. Hacker three additional months of service credit with the Company for the purpose of calculating vesting of equity awards and calculating the pro-rata amounts for existing awards under the Long Range Incentive Plan (“LRIP”), for which the Committee determined to provide Mr. Hacker the pro-rata vesting treatment contained in the retirement provisions of the equity and LRIP awards.
Item 8.01. Other Events.
In addition, as a result of the Company’s talent management and succession planning process, the Company is pleased to announce that on February 1, 2023, the Board of Directors of the Company appointed Mr. James A. Niewiara, the Company’s Senior Vice President, General Counsel and Ms. Karen E. Dunning, the Company’s Senior Vice President, Human Resources to the management Executive Committee, effective immediately.
SIGNATURE
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.
MOTOROLA SOLUTIONS, INC. (Registrant) | ||||||
Dated: February 1, 2023 | By: | /s/ Kristin L. Kruska | ||||
Name: | Kristin L. Kruska | |||||
Title: | Corporate Vice President, Transactions, Corporate and Securities Law & Secretary |
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Document and Entity Information |
Jan. 27, 2023 |
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Cover [Abstract] | |
Amendment Flag | false |
Entity Central Index Key | 0000068505 |
Document Type | 8-K |
Document Period End Date | Jan. 27, 2023 |
Entity Registrant Name | Motorola Solutions, Inc. |
Entity Incorporation State Country Code | DE |
Entity File Number | 1-7221 |
Entity Tax Identification Number | 36-1115800 |
Entity Address, Address Line One | 500 W. Monroe Street |
Entity Address, City or Town | Chicago |
Entity Address, State or Province | IL |
Entity Address, Postal Zip Code | 60661 |
City Area Code | 847 |
Local Phone Number | 576-5000 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Security 12b Title | Common Stock; $0.01 par value |
Trading Symbol | MSI |
Security Exchange Name | NYSE |
Entity Emerging Growth Company | false |
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