Promoting from within lets part of the pay rest on an existing document — General Dynamics names a president
General Dynamics promoted Danny Deep, executive vice president for global operations, to president of the company effective 3 December 2025. His base salary is $1,300,000 with a target annual incentive of 150% of salary.
Filing key facts
- CompanyGENERAL DYNAMICS CORP (GD)
- FormCurrent report (8-K)
- ExchangeNYSE
- Industry (SIC)Ship & Boat Building & Repairing
- Filing date2025-12-05
- Period2025-12-03
- 8-K events5.02 Director/officer changes; compensation
- Accession no.0001193125-25-309762
Key points
- Danny Deep moves up from executive vice president, global operations, to president of the company from 3 December 2025.
- He has been with the company more than 20 years, previously as executive vice president, combat systems, and president of General Dynamics Land Systems.
- His base salary is $1,300,000 with a target annual incentive opportunity of 150% of base salary.
- The long-term incentive follows the approach described from page 52 of the proxy statement filed on 28 March 2025.
- The filing came two days after the event; among item 5.02 filings 70.7% arrive within four days, against 87.4% for 8-K filings overall.
1Raised from within, or brought in from outside
The previous article followed a chief financial officer hired from outside. This report is its counterpart: someone with more than twenty years at the company is raised to its presidency. The item number is the same, but what the report has to say changes.
An outside hire needs a career and a set of terms written from scratch; an internal promotion can lean on documents the company has already published.
2Two kinds of appointment
Here the long-term incentive is left to the approach described from page 52 of the proxy statement filed on 28 March 2025. Pointing at a document already public avoids repeating the same explanation. What separates that from a simple omission is that the reference names the page.
3The figures, and what surrounds them
An internal promotion takes fewer steps to settle than a recruitment from outside. This report went out two days after the event, early for an item 5.02 filing. Terms for someone already inside are set by applying existing arrangements rather than by negotiation, and the short interval is consistent with that.
4What the list of roles conveys
The report notes that Mr Deep served as executive vice president of the combat systems group and as president of the subsidiary building land vehicles. Where someone has worked inside the company is itself the explanation of the new role. An outside hire is described by what they can do; an internal promotion, by what of this company they have seen. The full disclosure is in the document filed with the Commission.
Why it matters
The same item number carries different substance for a promotion than for an outside hire. Terms must be written out for someone arriving from elsewhere, while for someone rising internally a named page of an existing proxy statement can carry part of the answer. Fewer steps also means a faster filing, and the difference shows in the days between event and report.
FAQ
Where are the long-term incentive terms set out?
What roles has Danny Deep held?
How does an internal promotion report differ from an outside hire?
Sources (primary)
This article is an independent organization based on the U.S. SEC official disclosures below. Always verify the exact, latest details with the original filing.
- SEC EDGAR (filing index)
- Primary document (original)
- Accession no.：0001193125-25-309762