2020-12-31 KAMAN Corp Cybersecurity Incident

Page last updated on April 11, 2024

KAMAN Corp initially disclosed a cybersecurity incident in an SEC 8-K filing on 2020-12-31 16:16:51 EST.

Incident Details

Material: Unknown
Is Breach: Unknown
Records Compromised: Unknown
Data Types Impacted: No Data Types Tracked (yet)

Compromised Date:
Detected Date:
Disclosure Date: 2020-12-31
Contained Date:
Recovered Date:

Attack Goal: Unknown

Costs: No Costs Tracked (yet)

Filings

8-K filed on 2020-12-31

KAMAN Corp filed an 8-K at 2020-12-31 16:16:51 EST
Accession Number: 0000054381-20-000083

Item 7.01 Regulation FD Disclosure.

Kaman Corporation (the “Company”) is in the process of notifying certain persons that its subsidiary, Bal Seal Engineering, LLC (“Bal Seal”), determined in mid-December that an unauthorized party has disrupted access to its information technology (“IT”) systems. Upon learning of the incident, Bal Seal undertook immediate steps to address the incident, including engaging IT security and forensics experts to assess the impact on Bal Seal’s IT systems and to prepare for restoration, which is ongoing.

Based on the information available to the Company to date: (i) the Company believes the unauthorized access was limited solely to the Bal Seal IT systems; (ii) there is no indication that the IT systems or data maintained at the Company’s corporate office or its other businesses have been affected; (iii) the Company is not aware of any theft or public disclosure of confidential employee, customer or supplier data or information; and (iv) there is no indication that the incident is related to the recent “SolarWinds” cybersecurity incident.

The Company will continue to assess the situation as Bal Seal works to restore its systems and operations. While the assessment of this matter is ongoing, the incident has caused a short term interruption in Bal Seal’s business. The Company believes that such interruption may result in a temporary delay of revenue and in the incurrence of incremental costs. However, the Company does not believe the incident will be material to its fiscal year 2020 financial results. The Company is confident in Bal Seal’s ability to restore its affected systems and resume Bal Seal’s business operations, including completing shipments delayed by the incident, over a relatively short period of time. The Company maintains relevant insurance coverage in an amount that the Company believes is appropriate.

The information in this Item 7.01 of this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. The information contained in this Item 7.01 shall not be incorporated by reference into any filing with the SEC made by the Company, whether made before or after the date hereof, except as expressly set forth by specific reference in such a filing.

Company Information