Curtiss-Wright Corp. Under Investor Investigation Over Executive Compensation

If you are a current long term investor in Curtiss-Wright Corp. (NYSE CW) stock and/or if you have any information relating the investigation including whistleblowers and former employees, you have certain options and you should contact the Shareholders Foundation, Inc.

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An investigation on behalf of current long term investors in shares of Curtiss-Wright Corp. (NYSE: CW) concerning possible breaches of fiduciary duties related to potential excessive compensation that was awarded to certain senior officers and executives at Curtiss-Wright Corp. was announced.

The investigation by a law firm focuses on whether the directors and officers of Curtiss-Wright Corporation harmed the company by breaching their fiduciary duties to shareholders. In particular, the investigation on behalf of current long term investors in Curtiss-Wright (NYSE:CW) focuses on possible shareholder claims that certain of Curtiss-Wright’s senior officers and executive were unjustly enriched through their receipt of unwarranted, excessive or unearned compensation in past years.

Curtiss-Wright’s CEO earned about $7.948million in 2010, its CFO $2.5million, its COOs $3.084million respectively $3.046million, and its VP and General Counsel $1.774million. Overall executive compensation increased approximately 10% from 2009 levels.

However, Curtiss-Wright’s shareholders recently expressed their disdain for executive pay packages by voting “no” on Curtiss-Wright's say on pay provision. Curtiss-Wright Corporation received only about 41% support for its pay practices at its May 6 annual meeting, according to a company filing.

The investigation concerns possible claims that the prior compensation awarded at Curtiss-Wright Corporation is improper based upon its current operating condition.

Even though NYSE: CW stocks increased from as low as $23.26 per share in March 09 to $38.02 in March 2011, Curtiss-Wright Corp. (NYSE:CW) shares fell from as high as $54.56 in August 2008, respectively $55.30 in October 07.

The investigation seeks to determine whether certain senior officers and executives at Curtiss-Wright Corp. were awarded salaries, bonuses, stock options and other forms of long-term, ‘incentive’ or retirement compensation that were excessive or unwarranted based on the Curtiss-Wright’s performance as compared to what senior officers and executives at comparable companies were making and/or results that were fraudulent, misleading or not long-lasting.

Finally the investigation focuses also on possible shareholder claims that would allow NYSE:CW stockholders to more efficiently influence or control future compensation decisions at Curtiss Wright Corp.