TRANSDIGM GROUP INC : Change in Directors or Principal Officers (form 8-K)
June 15, 2020 at 05:04 pm EDT
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Item 5.02. Departure of Director of Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Effective June 12, 2020, William Dries, a member of the Board of Directors (the
"Board") of TransDigm Group Incorporated (the "Company"), resigned from the
Board and as a member of the Board's Audit Committee and Nominating and
Corporate Governance Committee. Mr. Dries stated that he is resigning from the
Board for health reasons and not because of any disagreement with the Company on
any matter relating to the Company's operations, policies, or practices.
As a result of his resignation, Mr. Dries' name has been withdrawn from
nomination for re-election to the Board at the Company's annual meeting of
stockholders to be held June 29, 2020 (the "Annual Meeting"). Following Mr.
Dries' resignation, the Board reduced the number of members of the Board by one,
to eleven directors, and at the Annual Meeting, eleven rather than twelve
directors will be nominated for election to the Board.
Other than Mr. Dries, the nominees named in the Company's Notice of Annual
Meeting and Proxy Statement (the "2020 Proxy Statement") will stand for election
at the 2020 Annual Meeting. Notwithstanding Mr. Dries' resignation and
withdrawal, the proxy votes already returned by stockholders will remain valid
and will be voted at the Annual Meeting unless revoked, except that votes will
not be cast for Mr. Dries.
TransDigm Group Inc. specializes in the design, manufacturing and marketing of aerospace systems and components. Net sales break down by family of products as follows:
- engine components and control systems (50.3%): mechanical and electromechanical actuators and control systems, pumps and engine control systems, power regulators, ignition systems, thermal management systems, fluid management systems, batteries and power supply systems, motion sensors, data recording, analysis and processing systems, etc. The group also offers winches, lifting systems and cargo handling systems;
- cabin systems and equipment (47%): cockpit safety components and systems, locking systems and devices, connectors, audio control systems, specialized sanitary equipment, seat belts and safety devices, interior fittings (seats, display systems, on-board entertainment systems, etc.) lighting systems, parachutes, freight delivery systems, etc. ;
- other (2.7%): non-aeronautical systems and equipment.
At the end of September 2023, the group operated approximately 100 production sites worldwide.
The United States accounts for 64.8% of net sales.
TRANSDIGM GROUP INC. 
