TRANSDIGM GROUP INC : Change in Directors or Principal Officers (form 8-K)
July 01, 2021 at 08:21 am EDT
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Item 5.02. Departure Of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 30, 2021, the Board of Directors of TransDigm Group Incorporated (the
"Company") increased the size of the Board of Directors from 11 to 12 members
and elected Jane M. Cronin as a director of the Company. Ms. Cronin (age 54) is
Senior Vice President and Corporate Controller of Sherwin Williams Company
(NYSE: SHW), a manufacturer, developer, distributor and seller of paint,
coatings and related products. Ms. Cronin has served in her current role since
2016. Prior to that, Ms. Cronin held roles of increasing responsibility at
Sherwin Williams, including Vice President Internal Audit and Loss Prevention
and Vice President - Controller, Diversified Brands division. Ms. Cronin was
deemed to be valuable to the Board because of her status and experience as a
current accounting officer of a large public company in the manufacturing
industry and her experience with acquisition integration. Ms. Cronin is
independent under applicable listing standards of the New York Stock Exchange
and the rules and regulations of the Securities Exchange Commission. Ms. Cronin
is not a party to any transaction with the Company that would require disclosure
under Item 404(a) of Regulation S-K. There are no arrangements or understandings
between Ms. Cronin and any other person pursuant to which she was selected as a
director. Ms. Cronin will receive compensation for her services on the Company's
Board of Directors in accordance with the Company's standard compensation
arrangements for non-employee directors as set forth on pages 7-8 of the
Company's proxy statement for its 2021 annual meeting.
A press release with further information regarding all of the aforementioned is
attached as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are being furnished with this Current Report on Form 8-K:
Exhibit No. Description
99.1 Press Release
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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. 
