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AI brief of an SEC Form 8-K · Textron (TXT)

Textron names Lisa Atherton CEO from January 4, 2026; Donnelly to Executive Chairman

Neutral Impact 4 of 5 leadership Written later

Textron's board appointed Lisa Atherton, president and CEO of the Bell segment, as president and CEO and a board member, effective January 4, 2026, succeeding Scott Donnelly. Donnelly will become Executive Chairman on the same date, and the board amended the bylaws to allow an executive chairman who is an executive officer. The filing gives compensation terms for both executives, which shareholders can review in the attached letter agreement.

Key points

  • Lisa Atherton succeeds Scott Donnelly as CEO and joins the board, effective January 4, 2026.
  • Donnelly becomes Executive Chairman on January 4, 2026, with a base salary of $1.485 million and target incentive pay of 170% of salary.
  • Atherton's base salary is $1.3 million, with target annual incentive pay of 150% of salary and a 2026 long-term incentive award with a target value of $10 million.
  • The board approved a bylaw amendment on October 22, 2025, effective immediately, to accommodate an executive chairman role.

The filing

CompanyTextron (TXT)
Form8-K, current report
Filed with the SECOct 22, 2025, 4:43 PM ET
Accession number0001104659-25-101558

Items reported: 5.02 Director / Officer Change5.03 Bylaw / Charter Amendment

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:12 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 22, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.