HBC Petitions Bankruptcy Court for Executive Bonuses

On July 13, Hawker Beechcraft filed a request with the U.S. bankruptcy court requesting permission as part of the restructuring to grant bonuses to most of its “senior leadership team” (SLT, see below).

The incentive bonuses under the key employee incentive plan (KEIP) could total as much as 200 percent of each individual’s base salary; however, the filing makes clear that the bonuses are based on the achievement of certain incentive goals.