On April 18, 2025, L3Harris Technologies, Inc. (NYSE: LHX), a prominent player in aerospace and defense technology, held its Annual Shareholders Meeting with impressive participation and significant decisions that underscore the company’s strategic direction and governance strength.
Shareholder Engagement: Approximately 172.8 million shares were represented at the meeting, reflecting a 92.1% quorum of the total 187.7 million shares outstanding as of February 28, 2025. This notable participation rate highlights solid shareholder interest and confidence in L3Harris’s management and future prospects.
Election of Directors: All thirteen director nominees were elected for one-year terms, ensuring experienced leadership continuity crucial to navigating evolving defense industry challenges and fostering innovation.
Executive Compensation: Shareholders approved the advisory vote on executive compensation with 114.87 million votes in favor, aligning leadership incentives with performance metrics, reaffirming management’s commitment to operational excellence emphasized in past earnings discussions.
Auditor Ratification: Ernst & Young LLP was ratified as the independent registered public accounting firm for the upcoming fiscal year, strengthening the company’s commitment to high-quality financial oversight.
Lobbying Transparency Proposal: The shareholder proposal on increased transparency in lobbying was rejected overwhelmingly, signaling the prevailing shareholder stance on political and regulatory engagement strategies.
Financial Highlights: L3Harris posted strong fiscal 2024 results with \(21.33 billion in total revenue and \)1.502 billion in net income, positioning the firm for sustained investment in innovation and growth initiatives.
This Annual Meeting report signifies a solid governance framework and shareholder alignment, reinforcing L3Harris Technologies’ position as a resilient aerospace and defense leader amid a dynamic global environment.
Read the full official filing here: L3Harris 8-K Report April 18, 2025.
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