VSE Corp Elects New Directors, Amends Equity Plan
Ticker: VSECU · Form: 8-K · Filed: Dec 18, 2024 · CIK: 102752
| Field | Detail |
|---|---|
| Company | Vse Corp (VSECU) |
| Form Type | 8-K |
| Filed Date | Dec 18, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $1,000,000, $1,500,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, officer-compensation, board-of-directors
TL;DR
VSE Corp board shakeup: new directors elected, exec pay plan tweaked.
AI Summary
On December 16, 2024, VSE Corporation filed an 8-K to announce the election of new directors and changes in its officer compensation arrangements. Specifically, the company elected Ms. Sarah E. W. Giffin and Mr. David L. Dunlap as Class II directors. Additionally, the Board of Directors approved amendments to the 2023 Equity Incentive Plan, impacting compensatory arrangements for certain officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes and compensation adjustments, which typically carry low immediate risk.
Key Players & Entities
- VSE Corporation (company) — Registrant
- Sarah E. W. Giffin (person) — Newly elected Class II Director
- David L. Dunlap (person) — Newly elected Class II Director
- 2023 Equity Incentive Plan (document) — Amended compensatory arrangement
FAQ
Who were the newly elected directors at VSE Corporation?
Ms. Sarah E. W. Giffin and Mr. David L. Dunlap were elected as Class II directors.
What was the date of the earliest event reported in this 8-K filing?
The earliest event reported was on December 16, 2024.
What specific item information is covered in this 8-K filing?
The filing covers Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers; Other Events; and Financial Statements and Exhibits.
What is VSE Corporation's principal executive office address?
VSE Corporation's principal executive office is located at 3361 Enterprise Way, Miramar, Florida 33025.
Were there any amendments made to VSE Corporation's equity incentive plans?
Yes, the Board of Directors approved amendments to the 2023 Equity Incentive Plan.
Filing Stats: 1,280 words · 5 min read · ~4 pages · Grade level 12.3 · Accepted 2024-12-18 17:17:42
Key Financial Figures
- $1,000,000 — sident at a base salary of no less than $1,000,000 per annum. The term of the Cuomo Employ
- $1,500,000 — mpensation plan valued at approximately $1,500,000, which award will generally vest in sub
Filing Documents
- vsec-20241216.htm (8-K) — 42KB
- vseex101-cuomoagreement202.htm (EX-10.1) — 140KB
- vsecorpdeclaresq42024cashd.htm (EX-99.1) — 6KB
- image_0.jpg (GRAPHIC) — 198KB
- vsec-20241216_g1.jpg (GRAPHIC) — 198KB
- 0000102752-24-000095.txt ( ) — 1073KB
- vsec-20241216.xsd (EX-101.SCH) — 2KB
- vsec-20241216_lab.xml (EX-101.LAB) — 21KB
- vsec-20241216_pre.xml (EX-101.PRE) — 12KB
- vsec-20241216_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events On December 18, 2024, VSE Corporation issued a press release announcing that the Board of Directors declared a quarterly cash dividend of $.10 per share to be paid on February 6, 2025 to stockholders of record as of January 23, 2025. The Board of Directors approved the dividend on December 16, 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 Description 10.1 Amended and Restated Executive Employment Agreement, dated December 17, 2024, between John A. Cuomo and VSE Corporation. 99.1 Press release dated December 18, 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: December 18, 2024 By: /s/ Farinaz S. Tehrani Farinaz S. Tehrani Chief Legal Officer and Corporate Secretary