kamn-20210708

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On July 8, 2021, the Board of Directors (the “Board”) of Kaman Corporation (the “Company”) appointed James G. Coogan to serve as the Senior Vice President and Chief Financial Officer of the Company, effective immediately. Mr. Coogan succeeds Robert D. Starr who served as the Chief Financial Officer of the Company since July 1, 2013.

Mr. Coogan, age 40, has served in various roles since joining the Company in 2008, most recently serving as Vice President – Investor Relations and Corporate Development since January 2020, Vice President – Investor Relations from April 2017 through December 2019 and Assistant Vice President – SEC Compliance and External Reporting from January 2013 through April 2017. Before that he served as Director, External Reporting and SEC Compliance, and Manager, External Reporting and SEC Compliance. Prior to joining the company, Mr. Coogan held positions of increasing responsibility at Ann Taylor Stores Corporation, Mohegan Tribal Gaming Authority and PricewaterhouseCoopers. He is a 2016 graduate of the Yale School of Management, where he received an MBA degree in Sustainability, and a 2005 and 2002 graduate of the University of Connecticut, where he received Master of Science and Bachelor of Science degrees in Accounting.

Mr. Coogan has no family relationships with any director or executive officer of the Company, and there were no understandings or arrangements with any person pursuant to which he was selected as an officer of the Company. In addition, he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K of the Securities Exchange Act of 1934, as amended.

On July 8, 2021, the Compensation Committee of the Board (the “Committee”) approved the compensatory arrangements that will be applicable to Mr. Coogan upon the effective date of his appointment as Senior Vice President and Chief Financial Officer of the Company, the material terms of which are as follows:

•He will be eligible for an annual cash incentive award, with an initial target equal to 60% of his base salary. His annual cash incentive award will be pro-rated to reflect his actual time in office.

On July 8, 2021, Mr. Starr was notified that he will cease to be the Chief Financial Officer of the Company, effective immediately, and that his employment with the Company will be terminated without cause, effective as of July 31, 2021 (the “Termination Date”). In order to facilitate an orderly transition of his duties and responsibilities, Mr. Starr will continue to serve as an Executive Vice President of the Company through the Termination Date.

On July 8, 2021, the Committee approved Amendment No. 1 (the “Amendment”) to Mr. Starr’s Executive Employment Agreement, dated as of November 18, 2014, by and between the Company and Mr. Starr (the “Executive Employment Agreement”). The Amendment modifies the compensation and severance benefits that Mr. Starr will be entitled to receive upon the termination of his employment and the fulfillment of all necessary conditions precedent set forth in the Executive Employment Agreement. In brief, the Amendment provides that the lump-sum severance benefit payable to Mr. Starr will be based, in part, on a multiple of his current target bonus rather than the most recent annual bonus actually paid. In all other respects, the Executive Employment Agreement, and the compensation and severance benefits payable to Mr. Starr upon the termination of his employment, remains unchanged.

A copy of the Amendment is filed as Exhibit 10.1 to this report and a copy of the Executive Employment Agreement was previously filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K dated November 18, 2014, both of which are hereby incorporated herein by reference. The foregoing summary of the compensation and severance benefits payable to Mr. Starr upon the termination of his employment does not purport to be complete and is subject to and qualified in its entirety by reference to the full text of the Amendment and the Executive Employment Agreement.

On July 8, 2021, the Company issued a press release announcing the appointment of Mr. Coogan as the successor to Mr. Starr. A copy of the press release is attached as Exhibit 99.1 to this report and is incorporated herein by reference.

The information in this Item 7.01, including Exhibit 99.1 hereto, is being furnished with this Current Report on Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.


Exhibit			Description
10.1			Amendment No. 1 to Executive Employment Agreement, dated July 8, 2021, by and between the Company and Mr. Starr.
99.1			Press Release, dated July 8, 2021, announcing the appointment of James G. Coogan.
101.INS			XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document
101.SCH			Inline XBRL Taxonomy Extension Schema Document
101.CAL			Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF			Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB			Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE			Inline XBRL Taxonomy Extension Presentation Linkbase Document
104			Cover Page Interactive Data File, formatted in iXBRL and contained in Exhibit 101


			KAMAN CORPORATION

			By:			/s/ Shawn G. Lisle
						Shawn G. Lisle
						Senior Vice President and General Counsel


Date of report (Date of earliest event reported):			July 8, 2021


KAMAN CORPORATION
(Exact name of registrant as specified in its charter)


(860)			243-7100
(Registrant’s telephone number, including area code)


FORM			8-K