UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date
of
Report (Date of earliest event reported): February 28, 2007
TEXTRON
INC.
(Exact
name of Registrant as specified in its charter)
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Delaware
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I-5480
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05-0315468
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(State
of
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(Commission
File Number.)
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(IRS
Employer
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Incorporation)
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Identification
Number)
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40
Westminster Street, Providence, Rhode Island 02903
(Address
of principal executive offices)
Registrant’s
telephone number, including area code: (401) 421-2800
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instructions A.2. below):
[
]
Written communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
[
]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[
]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
[
]
Pre-commencement communications pursuant to Rule 13e-4(c)) under the Exchange
Act (17 CFR 240.13e-4(c))
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Item
5.02
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Departure
of Directors or Certain Officers; Election of Directors; Appointment
of
Certain Officers; Compensatory Arrangements of Certain
Officers
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On
February 28, 2007, the Board of Directors of Textron Inc. elected James
L.
Ziemer
as a
member of the Board effective March 1, 2007. Mr Ziemer will serve on the
Board’s
Audit Committee. Mr. Ziemer
is
President and Chief Executive Officer of Harley-Davidson, Inc., a position
he
has held since April 2005, and he has been a Director of Harley-Davidson,
Inc.
since December 2004. Harley-Davidson,
Inc. is the parent company for the group of companies doing business as
Harley-Davidson Motor Company, Buell
Motorcycle Company and Harley-Davidson Financial Services.
Mr. Ziemer
previously served as Vice President and Chief Financial Officer of
Harley-Davidson from December 1990 to April 2005 and President of the
Harley-Davidson Foundation from 1993 to 2006. His career at Harley-Davidson
has
spanned more than 38 years.
Mr.
Ziemer will participate in Textron’s Director Compensation Program as described
in Exhibit 10.17 to Textron’s Annual Report on Form 10-K for the fiscal Year
ended December 30, 2006, which is incorporated by reference herein. Pursuant
to
such program, Mr. Ziemer will be issued 1,000 restricted shares of Textron
Common Stock. Textron and Mr. Ziemer also will enter into Textron’s standard
Directors Indemnity Agreement, pursuant to which Textron will, subject to
certain limitations, indemnify Mr. Ziemer in connection with any claim arising
in connection with his service as a Textron Director and will advance and
pay
his expenses incurred in connection with such claims.
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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TEXTRON
INC.
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(Registrant)
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Date:
February 28, 2007
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By:
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/s/Frederick
K. Butler
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Frederick
K. Butler
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Vice
President Business Ethics and Corporate
Secretary
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