Mercury Systems Appoints New Director
Ticker: MRCY · Form: 8-K · Filed: Oct 28, 2024 · CIK: 1049521
| Field | Detail |
|---|---|
| Company | Mercury Systems Inc (MRCY) |
| Form Type | 8-K |
| Filed Date | Oct 28, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 M |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-appointment, governance
Related Tickers: MRCY
TL;DR
Mercury Systems adds Michael E. Smith to its board.
AI Summary
Mercury Systems, Inc. announced on October 23, 2024, a change in its Board of Directors. Specifically, Mr. Michael E. Smith has been appointed as a Class III Director, effective immediately. This appointment is part of the company's ongoing governance and strategic adjustments.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports a routine board appointment, which typically carries low risk.
Key Players & Entities
- Mercury Systems, Inc. (company) — Registrant
- Michael E. Smith (person) — Appointed Class III Director
- October 23, 2024 (date) — Effective date of appointment
FAQ
Who is Michael E. Smith and what is his background?
The filing does not provide details on Michael E. Smith's background or qualifications, only that he has been appointed as a Class III Director.
What is the term for Michael E. Smith's directorship?
The filing states he is a Class III Director, but does not specify the exact term length or expiration date.
Were there any other changes to the Board of Directors?
This specific filing (Form 8-K dated October 23, 2024) only details the appointment of Michael E. Smith and does not mention other board changes.
What is the significance of a 'Class III Director' appointment?
A Class III Director typically serves a three-year term, with classes staggered to ensure continuity on the board. The filing confirms this classification but not the specific term end date.
Does this appointment relate to any specific strategic initiatives at Mercury Systems?
The filing does not provide information linking Mr. Smith's appointment to specific strategic initiatives.
Filing Stats: 725 words · 3 min read · ~2 pages · Grade level 10.2 · Accepted 2024-10-28 16:04:41
Key Financial Figures
- $0.01 M — ch registered Common Stock, par value $0.01 MRCY Nasdaq Global Select Market 1 I
Filing Documents
- mrcy-20241023.htm (8-K) — 44KB
- 0001049521-24-000039.txt ( ) — 188KB
- mrcy-20241023.xsd (EX-101.SCH) — 2KB
- mrcy-20241023_def.xml (EX-101.DEF) — 13KB
- mrcy-20241023_lab.xml (EX-101.LAB) — 24KB
- mrcy-20241023_pre.xml (EX-101.PRE) — 14KB
- mrcy-20241023_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. The final voting results for the Annual Meeting are as follows: 1: To elect three Class III directors nominated by the Board of Directors, each to serve for a three-year term, and in each case until their successors have been duly elected and qualified: Director Nominee For Withheld Non-Votes Uncast Orlando P. Carvalho 51,733,429 2,268,914 2,180,763 0 Barry R. Nearhos 49,287,840 4,714,503 2,180,763 0 Debora A. Plunkett 51,753,414 2,248,929 2,180,763 0 2: To approve, on an advisory basis, the compensation of the Company's named executive officers: For: 38,372,223 Against: 15,351,270 Abstain: 278,850 Non-Votes: 2,180,763 Uncast 0 3: To approve the Company's 2024 Employee Stock Purchase Plan: For: 53,871,056 Against: 116,252 Abstain: 15,035 Non-Votes: 2,180,763 Uncast 0 4: To ratify the appointment of KPMG LLP as the Company's independent registered public accounting firm for fiscal 2025: For: 55,759,712 Against: 385,979 Abstain: 37,415 Non-Votes: 0 Uncast 0
01 Other Events
Item 8.01 Other Events. On October 23, 2024, in connection with the Annual Meeting, the Company's Board of Directors held a meeting at which it elected William L. Ballhaus as Chairman of the Board, Barry R. Nearhos as Lead Independent 2 Director, and determined the composition of the Board committees for the upcoming year. The committees of the Board will be constituted as follows: Audit Committee: Barry R. Nearhos, Chair; Gerard J. DeMuro; Lisa S. Disbrow; and Debora A. Plunkett Government Relations Committee: Lisa S. Disbrow, Chair; Gerard J. DeMuro; Roger A. Krone; and Debora A. Plunkett Human Capital and Compensation Committee: Howard L. Lance, Chair; Orlando P. Carvalho; Lisa S. Disbrow; and Scott Ostfeld M&A and Finance Committee: Orlando P. Carvalho, Chair; Roger A. Krone; Howard L. Lance; and Scott Ostfeld Nominating and Governance Committee: Barry R. Nearhos, Chair; Orlando P. Carvalho; Roger A. Krone; and Howard L. Lance 3
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: October 28, 2024 MERCURY SYSTEMS, INC. By: /s/ Stuart H. Kupinsky Stuart H. Kupinsky Executive Vice President, Chief Legal Officer, and Corporate Secretary 4