Telos Corp Reports Director Changes and Officer Compensation Updates
Ticker: TLS · Form: 8-K · Filed: May 22, 2024 · CIK: 320121
| Field | Detail |
|---|---|
| Company | Telos Corp (TLS) |
| Form Type | 8-K |
| Filed Date | May 22, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-compensation, director-changes
Related Tickers: TLOS
TL;DR
Telos Corp filed an 8-K: director changes, officer comp updates, shareholder votes, and financials filed. $TLOS
AI Summary
Telos Corporation filed an 8-K on May 22, 2024, reporting on the departure of a director, election of a new director, and changes to compensatory arrangements for certain officers. The filing also covers the submission of matters to a vote of security holders and includes financial statements and exhibits. The report date for the earliest event is May 21, 2024.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing is routine and reports on corporate governance and administrative matters, not indicating immediate financial distress or significant operational changes.
Key Players & Entities
- Telos Corporation (company) — Registrant
- May 21, 2024 (date) — Date of earliest event reported
- May 22, 2024 (date) — Date of Report
- Maryland (jurisdiction) — State of incorporation
- Ashburn, Virginia (location) — Address of principal executive offices
FAQ
What specific items were submitted to a vote of security holders?
The filing indicates that matters were submitted to a vote of security holders, but the specific proposals are not detailed in the provided text.
Who is the newly elected director?
The filing mentions the election of a director, but the name of the newly elected director is not specified in the provided text.
What are the changes to the compensatory arrangements for certain officers?
The filing notes changes to compensatory arrangements for certain officers, but the details of these changes are not provided in the excerpt.
What is the IRS Employer Identification Number for Telos Corporation?
The IRS Employer Identification Number for Telos Corporation is 52-0880974.
What is the SIC code for Telos Corporation?
The Standard Industrial Classification (SIC) code for Telos Corporation is 7373, which corresponds to SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN.
Filing Stats: 925 words · 4 min read · ~3 pages · Grade level 11.4 · Accepted 2024-05-22 17:19:55
Key Financial Figures
- $0.001 — ange on which registered Common stock, $0.001 par value per share TLS The Nasdaq Stoc
Filing Documents
- tls-20240521.htm (8-K) — 47KB
- telos-ar2016omnibuslongxte.htm (EX-10.1) — 130KB
- 0000320121-24-000051.txt ( ) — 326KB
- tls-20240521.xsd (EX-101.SCH) — 2KB
- tls-20240521_lab.xml (EX-101.LAB) — 21KB
- tls-20240521_pre.xml (EX-101.PRE) — 12KB
- tls-20240521_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. At the annual meeting, four matters were submitted to the holders of the Company's Common Stock for their approval, which are described in detail in the Proxy Statement. The final results of voting for each matter submitted to a vote of the stockholders at the meeting were as follows: 1. The holders of the Company's Common Stock elected seven directors to serve until the 2025 Annual Meeting of Stockholders or until their successors are elected and qualified. Each of the nominees received the affirmative vote of a plurality of the votes cast at the meeting. The final results of voting regarding the election of directors were as follows: FOR WITHHELD John B. Wood 37,364,013 627,261 David Borland 31,199,016 6,792,258 John W. Maluda 37,399,444 591,830 Bonnie Carroll 35,960,208 2,031,066 Derrick D. Dockery 34,953,503 3,037,771 Brad Jacobs 37,154,638 836,636 Fredrick D. Schaufeld 37,329,185 662,089 2. The holders of the Company's Common Stock voted to ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. The ratification received the affirmative vote of a majority of the votes cast at the meeting. The final results of voting regarding this proposal were as follows: FOR AGAINST ABSTAIN BROKER NON-VOTES Total shares voted 52,202,681 34,382 69,828 — 3. The holders of the Company's Common Stock voted to ratify the Amended and Restated 2016 Omnibus Long-Term Incentive Plan, substantially in the form as provided in Exhibit A represented in the Proxy Statement, increasing the number of available shares by eight and one-half million. The final results of the voting regarding this proposal were as follows: FOR AGAINST ABSTAIN BROKER NON-VOTES Total shares voted 36,841,775 891,041 258,458 14,315,617 4. The holders of the Company's Common Stock approved the proposed Board resolution, on an a
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. 10.1 Telos Corporation Amended and Restated 2016 Omnibus Long-Term Incentive Plan. . . S I G N A T U R E S 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. TELOS CORPORATION By: /s/ E. Hutchinson Robbins, Jr. E. Hutchinson Robbins, Jr. Executive Vice President, General Counsel Date: May 22, 2024 .