Mercury Systems 8-K: Leadership Changes & Comp Arrangements
Ticker: MRCY · Form: 8-K · Filed: Feb 8, 2024 · CIK: 1049521
| Field | Detail |
|---|---|
| Company | Mercury Systems Inc (MRCY) |
| Form Type | 8-K |
| Filed Date | Feb 8, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 M, $100,000 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: leadership-change, executive-compensation, corporate-governance
TL;DR
**Mercury Systems just filed an 8-K about leadership changes and executive pay, watch for strategic shifts.**
AI Summary
Mercury Systems, Inc. filed an 8-K on February 8, 2024, reporting events that occurred on February 7, 2024, related to the departure or election of directors or officers and their compensatory arrangements. This filing also includes Regulation FD Disclosure and Financial Statements and Exhibits. For investors, this matters because changes in leadership and executive compensation can signal shifts in company strategy, financial health, or governance, potentially impacting future stock performance.
Why It Matters
Changes in executive leadership and compensation can significantly influence a company's strategic direction and operational stability, directly affecting investor confidence and stock valuation.
Risk Assessment
Risk Level: medium — Changes in leadership can introduce uncertainty, but the specific details of this filing are not yet public, making the exact impact unclear.
Analyst Insight
An investor should monitor subsequent filings or press releases from Mercury Systems for specific details regarding the reported leadership changes and compensatory arrangements, as these will provide the necessary context to assess potential impacts on the company's future performance and strategy.
Key Players & Entities
- Mercury Systems, Inc. (company) — the registrant filing the 8-K
- February 7, 2024 (date) — date of the earliest event reported
- February 8, 2024 (date) — date the 8-K was filed
- 001-41194 (other) — Commission File Number for Mercury Systems, Inc.
- 50 Minuteman Road, Andover, Massachusetts 01810 (other) — address of principal executive offices
FAQ
What specific items are reported in this 8-K filing by Mercury Systems, Inc.?
This 8-K filing reports on 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers', 'Regulation FD Disclosure', and 'Financial Statements and Exhibits' as per the ITEM INFORMATION section.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 7, 2024, as stated in the 'Date of report (Date of earliest event reported)' section.
What is the full legal name of the company filing this 8-K?
The exact name of the registrant as specified in its charter is Mercury Systems, Inc.
What is Mercury Systems, Inc.'s Commission File Number?
Mercury Systems, Inc.'s Commission File Number is 000-23599, as indicated in the filing.
Is Mercury Systems, Inc. classified as an emerging growth company?
No, the filing indicates with a '☐' (unchecked box) that Mercury Systems, Inc. is not an emerging growth company.
Filing Stats: 873 words · 3 min read · ~3 pages · Grade level 10.9 · Accepted 2024-02-08 16:21:38
Key Financial Figures
- $0.01 M — ch registered Common Stock, par value $0.01 MRCY Nasdaq Global Select Market 1 I
- $100,000 — stock award with an aggregate value of $100,000 in the form of shares of the Company's
Filing Documents
- mrcy-20240207.htm (8-K) — 34KB
- exhibit9918-k02082411.htm (EX-99.1) — 7KB
- exhibit9918-k02082411001.jpg (GRAPHIC) — 198KB
- exhibit9918-k02082411002.jpg (GRAPHIC) — 261KB
- 0001049521-24-000011.txt ( ) — 825KB
- mrcy-20240207.xsd (EX-101.SCH) — 2KB
- mrcy-20240207_def.xml (EX-101.DEF) — 13KB
- mrcy-20240207_lab.xml (EX-101.LAB) — 26KB
- mrcy-20240207_pre.xml (EX-101.PRE) — 14KB
- mrcy-20240207_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On February 8, 2024, the Company issued a press release announcing that Douglas Munro had been appointed to the position of Vice President and Chief Accounting Officer. The press release is furnished as Exhibit 99.1 hereto. The information provided in Item 7.01 of this Current Report on Form 8-K and the attached Exhibit 99.1 shall not be deemed filed' for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise be subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release dated February 8 , 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
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 thereunto duly authorized. Dated: February 8, 2024 MERCURY SYSTEMS, INC. By: /s/ David E. Farnsworth David E. Farnsworth Executive Vice President, Chief Financial Officer 3