VSE Corp Declares Q2 Dividend

TL;DR

VSE declared a $0.10/share dividend, payable June 28th.

AI Summary

VSE Corporation announced on May 21, 2024, that its Board of Directors declared a quarterly cash dividend of $0.10 per share for the second quarter of 2024. This dividend is payable on June 28, 2024, to shareholders of record as of June 14, 2024. The company also filed its 8-K report detailing this dividend declaration and other corporate events.

Why It Matters

The declaration of a dividend indicates the company's financial health and its commitment to returning value to shareholders. This can influence investor confidence and stock price.

Risk Assessment

Risk Level: low — This filing is a routine dividend declaration, which is a standard corporate action and does not present new or unusual risks.

Key Numbers

• $0.10 — Quarterly Dividend Per Share (Amount declared for Q2 2024)
• 20240521 — Report Date (Date of earliest event reported)

Key Players & Entities

• VSE Corporation (company) — Registrant
• May 21, 2024 (date) — Date of earliest event reported
• $0.10 (dollar_amount) — Quarterly cash dividend per share
• June 28, 2024 (date) — Dividend payment date
• June 14, 2024 (date) — Record date for dividend

FAQ

Key Financial Figures

• $0.10 — s declared a quarterly cash dividend of $0.10 per share to be paid on July 31, 2024 t

Filing Documents

• vsec-20240521.htm (8-K) — 48KB
• vsecorpdeclaresq22024cashd.htm (EX-99.1) — 6KB
• image_0.jpg (GRAPHIC) — 198KB
• vsec-20240521_g1.jpg (GRAPHIC) — 198KB
• 0000102752-24-000056.txt ( ) — 910KB
• vsec-20240521.xsd (EX-101.SCH) — 2KB
• vsec-20240521_lab.xml (EX-101.LAB) — 21KB
• vsec-20240521_pre.xml (EX-101.PRE) — 12KB
• vsec-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. The 2024 Annual Meeting of Stockholders of VSE Corporation (the "Company") was held on May 21, 2024 (the "Annual Meeting"). At the Annual Meeting, three proposals were submitted to the stockholders for approval as set forth in the definitive Proxy Statement filed with the Securities and Exchange Commission on April 2, 2024. As of the record date of March 25, 2024, a total of 15,833,849 shares of common stock of the Company were issued and outstanding and entitled to vote. The holders of record of 14,322,699 shares of the Company's common stock were present in person or by proxy at the Annual Meeting. Such amount represented 90.45% of the shares entitled to vote at the Annual Meeting. Proposal 1: Election of Directors With respect to the election of eight directors to serve for a one-year term until the Company's 2025 annual meeting of stockholders and until their successors are duly elected and qualified, the final voting results were as follows: Director For Withheld Broker Non-Votes Anita D. Britt 12,969,521 845,997 507,181 John A. Cuomo 13,777,281 38,237 507,181 Edward P. Dolanski 13,025,144 790,374 507,181 Ralph E. Eberhart 13,765,173 50,345 507,181 Mark E. Ferguson III 13,272,547 542,971 507,181 Lloyd E. Johnson 12,946,609 868,909 507,181 John E. Potter 12,988,559 826,959 507,181 Bonnie K. Wachtel 13,203,279 612,239 507,181 As a result, each of the eight director nominees was elected. Proposal 2: Ratification of Grant Thornton LLP as Independent Registered Public Accountant With respect to the vote on the ratification of the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for the year ending December 31, 2024, the final voting results were as follows: For Against Abstentions 14,317,408 4,610 681 As a result, the proposal to ratify Grant Thornton LLP as the Company's independent registered pub

01 Other Events

Item 8.01 Other Events On May 23, 2024, the Company issued a press release announcing that the Board of Directors declared a quarterly cash dividend of $0.10 per share to be paid on July 31, 2024 to stockholders of record as of July 17, 2024. The Board of Directors approved the dividend on May 21, 2024. A copy of the press release is attached as Exhibit 99.1.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number 99.1 Press release dated May 23, 2024, entitled "VSE Corporation Declares Quarterly Cash Dividend" 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 24, 2024 By: /s/ Farinaz S. Tehrani Farinaz S. Tehrani Chief Legal Officer and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR