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GD > SEC Filings for GD > Form 8-K on 10-Mar-2009All Recent SEC Filings

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Form 8-K for GENERAL DYNAMICS CORP


10-Mar-2009

Change in Directors or Principal Officers


Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Effective March 4, 2009, the Compensation Committee (the "Committee") of the Board of Directors of General Dynamics Corporation (the "Company") approved 2008 bonus payments to the Company's named executive officers and certain other officers of the Company and its subsidiaries. The following bonus payments to the Company's named executive officers were approved by the Committee:

    Name and Principal Position                             2008 Bonus Amount
    Nicholas D. Chabraja                                   $         4,500,000
    Chairman of the Board and Chief Executive Officer

    L. Hugh Redd                                           $         1,000,000
    Senior Vice President and Chief Financial Officer

    Gerard J. DeMuro                                       $         1,045,000
    Executive Vice President,
    Information Systems and Technology

    Charles M. Hall                                        $         1,030,000
    Executive Vice President, Combat Systems

    David A. Savner                                        $           975,000
    Senior Vice President, General Counsel and Secretary

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