Amentum Holdings Announces Board & Executive Compensation Changes
Ticker: AMTM · Form: 8-K · Filed: Jan 30, 2025 · CIK: 2011286
Sentiment: neutral
Topics: management-change, compensation
TL;DR
Amentum's board is shuffling, exec pay is changing. Keep an eye on this.
AI Summary
Amentum Holdings, Inc. announced on January 28, 2025, changes in its board of directors and executive compensation arrangements. The filing details the departure of certain directors and the election of new ones, alongside updates to compensatory arrangements for key officers. Specific details regarding the individuals involved and the financial implications of these compensatory arrangements are outlined within the report.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future financial performance.
Risk Assessment
Risk Level: medium — Changes in executive leadership and compensation can introduce uncertainty regarding future strategy and financial performance.
Key Players & Entities
- Amentum Holdings, Inc. (company) — Registrant
- January 28, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 001-42176 (filing_id) — SEC File Number
- 99-0622272 (tax_id) — I.R.S. Employer Identification No.
- 4800 Westfields Blvd., Suite #400 Chantilly, Virginia 20151 (address) — Business address
- 703-579-0410 (phone_number) — Business phone number
FAQ
What specific changes were made to the board of directors?
The filing indicates the departure of certain directors and the election of new directors, with further details expected to be elaborated in the report's sections.
What are the key aspects of the updated compensatory arrangements for certain officers?
The report mentions updates to compensatory arrangements for certain officers, suggesting changes in salary, bonuses, stock options, or other forms of compensation.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this filing occurred on January 28, 2025.
What is Amentum Holdings, Inc.'s state of incorporation and SEC file number?
Amentum Holdings, Inc. is incorporated in Delaware and its SEC file number is 001-42176.
Where is Amentum Holdings, Inc. headquartered?
Amentum Holdings, Inc. is headquartered at 4800 Westfields Blvd., Suite #400, Chantilly, Virginia 20151.
Filing Stats: 600 words · 2 min read · ~2 pages · Grade level 9.9 · Accepted 2025-01-30 16:21:35
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value AMTM New York Stock Excha
- $22.71 — options will have an exercise price of $22.71 and terminate on the fourth anniversary
Filing Documents
- amtm-20250128.htm (8-K) — 78KB
- exhibit101-formofstockopti.htm (EX-10.1) — 39KB
- amtm-20250128_g1.jpg (GRAPHIC) — 199KB
- 0002011286-25-000041.txt ( ) — 731KB
- amtm-20250128.xsd (EX-101.SCH) — 2KB
- amtm-20250128_lab.xml (EX-101.LAB) — 22KB
- amtm-20250128_pre.xml (EX-101.PRE) — 13KB
- amtm-20250128_htm.xml (XML) — 3KB
02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 28, 2025, the Compensation Committee of the Board of Directors of Amentum Holdings, Inc. (the "Company") approved the grant of 1,373,955 options (the "Option Award") and 155,938 restricted stock units (the "RSU Award") to John Heller, the Company's Chief Executive Officer. The grant will give Mr. Heller the opportunity to make up the value of previously granted equity awards that was lost with the conversion of the awards in connection with the transaction upon which the Company became a publicly-traded company. The restricted stock units and options will vest ratably on the first, second and third anniversaries of the grant date, of $22.71 and terminate on the fourth anniversary of the grant date. The Option Award was granted pursuant to a form of option award agreement (the "Option Award Agreement"), which is filed as Exhibit 10.1 hereto and incorporated herein by reference. The RSU Award was granted pursuant to the form restricted stock unit award agreement previously filed as Exhibit 10.2 to the Company's current report on Form 8-K on November 13, 2024, and is incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Form of Option Award Agreement for grants under the Amentum Holdings, Inc. 2024 Stock Incentive Plan 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL
SIGNATURES
SIGNATURES 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. AMENTUM HOLDINGS, INC. Date: January 30, 2025 By: /s/ Paul W. Cobb, Jr. Name: Paul W. Cobb, Jr. Title: Secretary