Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On October 31, 2013, the Board of Directors for Curtiss-Wright Corporation
(NYSE: CW) (the "Company") announced the appointment of Thomas P. Quinly to the
office of Chief Operating Officer of the Company. Mr. Quinly will report
directly to Mr. David C. Adams, who was recently promoted to the position of
President and Chief Executive Officer of Curtiss-Wright Corporation.
Mr. Quinly has more than 30 years of experience across the defense, aerospace
and commercial industries. Since joining the Company, Mr. Quinly has managed an
extensive product portfolio within the core markets of defense, commercial
aerospace and general industrial and has solidified market leadership positions
in the embedded computing, position sensing, actuation and controls markets.
Most recently, he led the Company's Controls segment, successfully achieving
strong organic growth, consistently expanding operating margins and enhancing
the global product portfolio with 16 acquisitions.
Reporting to Mr. Quinly will be the VP/General Managers of the operating
For the five years prior to his new position, Mr. Quinly has been President of
the Controls' segment of Curtiss-Wright Corporation with overall responsibility
for the segments' strategic goals, technology development, global operations and
financial performance. During his tenure, annual segment sales grew to $875
million (based on current fiscal year 2013 guidance) from $597 million.
Mr. Quinly joined the Company in March 2004 with its acquisition of Dy4 where he
held the position of President. Shortly after the acquisition, Mr. Quinly
assumed the position of President, Embedded Computing group within the Controls
segment. In this position, he was responsible for integrating the embedded
computing business units under a cohesive brand in the defense market.
Previously, he held various operating and leadership positions with leading
defense electronics companies, including Lockheed-Martin, Allied Signal
Aerospace and Advanced Technology Laboratories.
Mr. Quinly holds a Bachelor of Science Degree from Utah State University and a
Masters' Degree in Business Administration from St. Edwards University. He
completed the Harvard Business School's General Managers Program in 2001.
There is no family relationship between Mr. Quinly and any other executive
officer or director of the Company, and there is no arrangement or understanding
under which he was appointed. There are no transactions to which the Company or
any of its subsidiaries is a party and in which Mr. Quinly has a material
interest subject to disclosure under Item 404(a) of Regulation S-K. There have
been no changes to any of Mr. Quinly's previously announced material plans,
contracts or arrangements as a result of this appointment.
A copy of the press release announcing Mr. Quinly's appointment is attached as
Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. Description
99.1 Press Release, dated October 31, 2013
, of the Registrant