VSE Corp Files 8-K/A Amendment

TL;DR

VSE Corp amended its 8-K filing, updating leadership changes and executive pay details.

AI Summary

VSE Corp filed an 8-K/A on May 28, 2024, to amend its previous filing from May 3, 2024. The amendment pertains to the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for officers. Specific details regarding the individuals involved and the exact nature of the compensatory arrangements are provided within the filing.

Why It Matters

This amendment provides updated information regarding changes in VSE Corp's leadership and executive compensation, which can impact investor confidence and the company's strategic direction.

Risk Assessment

Risk Level: medium — Amendments to 8-K filings, especially those concerning executive departures and compensation, can signal internal shifts or potential governance issues that may affect the company's stability and future performance.

Key Players & Entities

• VSE Corp (company) — Registrant
• May 3, 2024 (date) — Original filing date
• May 28, 2024 (date) — Amendment filing date

FAQ

Key Financial Figures

• $300 — r. Griffin will receive compensation of $300 per hour for up to a maximum of 15 hour
• $310,000 — ludes the following: (1) base salary of $310,000, (2) target bonus of 45% of his base sa
• $12,000 — recurring monthly cash bonus payment of $12,000 per month, prorated based on start and

Filing Documents

• vsec-20240503.htm (8-K/A) — 32KB
• vsecorporationex101-consul.htm (EX-10.1) — 25KB
• vsec-20240503_g1.jpg (GRAPHIC) — 198KB
• 0000102752-24-000061.txt ( ) — 643KB
• vsec-20240503.xsd (EX-101.SCH) — 2KB
• vsec-20240503_lab.xml (EX-101.LAB) — 21KB
• vsec-20240503_pre.xml (EX-101.PRE) — 12KB
• vsec-20240503_htm.xml (XML) — 3KB

02

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. As disclosed on May 8, 2024, Stephen D. Griffin, Senior Vice President and Chief Financial Officer of VSE Corporation (the "Company"), notified the Company of his decision to resign from his positions with the Company, effective May 29, 2024 (the "Resignation Date"). On May 22, 2024, the Company entered into a Consulting Agreement (the "Consulting Agreement") with Mr. Griffin whereby Mr. Griffin agreed to provide consulting and advisory services on a transitional basis until August 31, 2024. Mr. Griffin will receive compensation of $300 per hour for up to a maximum of 15 hours per month in consideration for providing these services. This disclosure is qualified in its entirety by the Consulting Agreement, a copy of which is filed herewith as Exhibit 10.1 and incorporated herein by reference. As disclosed on May 8, 2024, the Board of Directors (the "Board") of the Company appointed Tarang Sharma to serve as Interim Chief Financial Officer, effective May 27, 2024. In addition, Mr. Sharma, age 38, was appointed to serve as Chief Accounting Officer of the Company on May 21, 2024. In his role as Chief Accounting Officer, Mr. Sharma's compensation includes the following: (1) base salary of $310,000, (2) target bonus of 45% of his base salary (with a maximum payout at 150% of target), (3) time-based long-term incentive award of 40% of his base salary and (4) target performance-based shares of 40% of his base salary. Mr. Sharma will also receive a recurring monthly cash bonus payment of $12,000 per month, prorated based on start and end dates, during the period in which he serves as Interim Chief Financial Officer.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit Description 10.1 Consulting Agreement, dated May 22, 2024, between Stephen S. Griffin and VSE Corporation 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. VSE CORPORATION (Registrant) Date: May 28, 2024 By: /s/ Farinaz S. Tehrani Farinaz S. Tehrani Chief Legal Officer and Corporate Secretary

View Full Filing

View this 8-K/A filing on SEC EDGAR