Mercury Systems Reports Executive Changes and Office Move
Ticker: MRCY · Form: 8-K · Filed: Jan 6, 2025 · CIK: 1049521
| Field | Detail |
|---|---|
| Company | Mercury Systems Inc (MRCY) |
| Form Type | 8-K |
| Filed Date | Jan 6, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 M, $225,000, $65,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, office-move, regulation-fd
Related Tickers: MRCY
TL;DR
Mercury Systems is shuffling execs and moving offices, filing 8-K on Jan 6, 2025.
AI Summary
On January 6, 2025, Mercury Systems, Inc. filed an 8-K report detailing a change in its principal executive offices to 50 Minuteman Road, Andover, Massachusetts 01810. The company also reported on the departure of directors or certain officers, the election of directors, and the appointment of certain officers, along with information on compensatory arrangements for these officers. Additionally, the filing includes a Regulation FD Disclosure and financial statements and exhibits.
Why It Matters
This filing indicates potential shifts in company leadership and operations, which could impact strategic direction and investor confidence.
Risk Assessment
Risk Level: medium — Changes in executive officers and directors, along with potential shifts in compensatory arrangements, can signal underlying business dynamics or strategic realignments that warrant closer investor scrutiny.
Key Players & Entities
- Mercury Systems, Inc. (company) — Registrant
- January 6, 2025 (date) — Date of report
- 50 Minuteman Road, Andover, Massachusetts 01810 (location) — Principal Executive Offices
FAQ
What specific executive or director changes are detailed in the filing?
The filing indicates changes related to the departure of directors or certain officers, election of directors, and appointment of certain officers, along with compensatory arrangements, but specific names are not provided in the provided text.
What is the new principal executive office address for Mercury Systems, Inc.?
The new principal executive office address is 50 Minuteman Road, Andover, Massachusetts 01810.
What other items are covered in this 8-K filing besides executive and office changes?
The filing also includes a Regulation FD Disclosure and Financial Statements and Exhibits.
When was this 8-K report filed?
The report was filed on January 6, 2025.
What is the company's state of incorporation and SEC file number?
The company is incorporated in Massachusetts and its SEC file number is 001-41194.
Filing Stats: 1,012 words · 4 min read · ~3 pages · Grade level 9.3 · Accepted 2025-01-06 16:10:07
Key Financial Figures
- $0.01 M — ch registered Common Stock, par value $0.01 MRCY Nasdaq Global Select Market 1 I
- $225,000 — restricted stock with a value equal to $225,000 divided by the average closing price of
- $65,000 — rectors also receive a cash retainer of $65,000 per year, paid quarterly in arrears.
Filing Documents
- mrcy-20250106.htm (8-K) — 36KB
- pressrelease_kroneandbua.htm (EX-99.1) — 9KB
- pressrelease_kroneandbua001.jpg (GRAPHIC) — 232KB
- pressrelease_kroneandbua002.jpg (GRAPHIC) — 282KB
- pressrelease_kroneandbua003.jpg (GRAPHIC) — 36KB
- 0001049521-25-000003.txt ( ) — 952KB
- mrcy-20250106.xsd (EX-101.SCH) — 2KB
- mrcy-20250106_def.xml (EX-101.DEF) — 13KB
- mrcy-20250106_lab.xml (EX-101.LAB) — 24KB
- mrcy-20250106_pre.xml (EX-101.PRE) — 14KB
- mrcy-20250106_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On January 6, 2025, the Company issued a press release relating to the changes to the Board. A copy of the press release is attached as exhibit 99.1 hereto. The information provided in this Item 7.01 and in the attached exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise 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. This Current Report will not be deemed an admission as to the materiality of any information in this report that is being disclosed pursuant to Regulation FD.
01 Other Events
Item 8.01 Other Events. Effective January 6, 2025, the Company's Board of Directors updated the composition of the Board committees in connection with the recent changes to the Board. The committees of the Board are constituted as follows: Audit Committee: Barry R. Nearhos (Chair), Jean Bua, Lisa S. Disbrow, and Debora A. Plunkett Human Capital and Compensation Committee: Howard L. Lance (Chair), Orlando P. Carvalho, Lisa S. Disbrow, and Scott Ostfeld Government Relations Committee: Lisa S. Disbrow (Chair), Jean Bua, Gerard J. DeMuro, and Debora A. Plunkett M&A and Finance Committee: Orlando P. Carvalho (Chair), Gerard J. DeMuro, Howard L. Lance, and Scott Ostfeld Nominating and Governance Committee: Barry R. Nearhos (Chair), Orlando P. Carvalho, Howard L. Lance, and Debora A. Plunkett 2
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release dated January 6, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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: January 6, 2025 MERCURY SYSTEMS, INC. By: /s/ Stuart H. Kupinsky Stuart H. Kupinsky Executive Vice President, Chief Legal Officer, and Corporate Secretary 4