E-Z-GO 2009 Annual Report Download - page 23

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14
defendants violated the United States Employee Retirement Income Security Act by imprudently permitting participants in the Textron Savings
Plan to invest in Textron common stock. The complaints seek equitable relief and unspecified compensatory damages. On February 2, 2010, an
amended class action complaint was filed consolidating the seven previous lawsuits into a single complaint.
On November 18, 2009, a purported derivative lawsuit was filed by John D. Walker in the United States District Court of Rhode Island against
certain present and former officers and directors of Textron. The suit alleges violations of the federal securities laws consistent with the Roseville
action described above, as well as breach of fiduciary duties, waste of corporate assets and unjust enrichment.
Textron believes that these lawsuits are without merit and intends to defend them vigorously.
We are also subject to other actual and threatened legal proceedings and other claims arising out of the conduct of our business. These
proceedings include claims relating to commercial and financial transactions, government contracts, lack of compliance with applicable laws and
regulations, production partners, product liability, patent and trademark infringement, employment disputes, and environmental, safety and health
matters. Some of these legal proceedings seek damages, fines or penalties in substantial amounts or remediation of environmental
contamination. Under federal government procurement regulations, certain claims brought by the U.S. Government could result in our
suspension or debarment from U.S. Government contracting for a period of time. On the basis of information presently available, we do not
believe that existing proceedings and claims will have a material effect on our financial position or results of operations.
Item 4. Submission of Matters to a Vote of Security Holders
No matters were submitted to a vote of our security holders during the last quarter of the period covered by this Annual Report on Form 10-K.
Executive Officers of the Registrant
The following table sets forth certain information concerning our executive officers as of February 26, 2010.
Name Age Current Position with Textron Inc.
Scott C. Donnelly 48 President, Chief Executive Officer and Director
John D. Butler 62 Executive Vice President Administration and Chief Human Resources Officer
Frank T. Connor 50 Executive Vice President and Chief Financial Officer
Terrence O’Donnell 65 Executive Vice President, General Counsel, Corporate Secretary and
Chief Compliance Officer
Mr. Donnelly joined Textron in June 2008 as Executive Vice President and Chief Operating Officer and was promoted to President and Chief
Operating Officer in January 2009. He was appointed to the Board of Directors in October 2009 and became Chief Executive Officer of Textron in
December 2009 at which time the Chief Operating Officer position was eliminated. Previously, Mr. Donnelly was the President and CEO of General
Electric Company’s Aviation business unit, a position he had held since July 2005. GE’s Aviation business unit is a $16 billion maker of
commercial and military jet engines and components, as well as integrated digital, electric power and mechanical systems for aircraft. Prior to
July 2005, Mr. Donnelly served as Senior Vice President of GE Global Research, one of the world’s largest and most diversified industrial research
organizations with facilities in the U.S., India, China and Germany and held various other management positions since joining General Electric
in 1989.
Mr. Butler joined Textron in July 1997 as Executive Vice President and Chief Human Resources Officer and became Executive Vice President
Administration and Chief Human Resources Officer in January 1999.
Mr. Connor joined Textron in August 2009 as Executive Vice President and Chief Financial Officer. Previously, Mr. Connor was head of Telecom
Investment Banking at Goldman, Sachs & Co from 2003 to 2008. Prior to that position, he served as Chief Operating Officer of Telecom,
Technology and Media Investment Banking at Goldman, Sachs from 1998 to 2003. Mr. Connor joined the Corporate Finance Department of
Goldman, Sachs in 1986 and became a Vice President in 1990 and a Managing Director in 1996.
Mr. O’Donnell joined Textron as Executive Vice President and General Counsel in March 2000 and also was named Corporate Secretary in
December 2009 and his title was expanded to reflect his role as Chief Compliance Officer. Mr. O’Donnell is a partner in the Washington, D.C.-
based law firm of Williams & Connolly, which he first joined in 1977. From 1989 to 1992, he served as General Counsel of the U.S. Department
of Defense.
Item 3. Legal Proceedings