VSE Corporation files DEF 14A for the period ending May 21, 2024
Ticker: VSECU · Form: DEF 14A · Filed: Apr 2, 2024 · CIK: 102752
| Field | Detail |
|---|---|
| Company | Vse Corp (VSECU) |
| Form Type | DEF 14A |
| Filed Date | Apr 2, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $544 million, $750 million, $317 million, $15 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: VSE Corporation, DEF 14A, Proxy Statement, SEC Filing, Corporate Governance
TL;DR
<b>VSE Corporation has filed its DEF 14A proxy statement for the period ending May 21, 2024.</b>
AI Summary
VSE CORP (VSECU) filed a Proxy Statement (DEF 14A) with the SEC on April 2, 2024. VSE Corporation filed a DEF 14A with the SEC on April 2, 2024. The filing covers the period ending May 21, 2024. The company's fiscal year ends on December 31. VSE Corporation is incorporated in Delaware. The company's business address is 6348 Walker Lane, Alexandria, VA 22310.
Why It Matters
For investors and stakeholders tracking VSE CORP, this filing contains several important signals. This DEF 14A filing provides detailed information about executive compensation, board of directors, and shareholder proposals for VSE Corporation. Shareholders can use this document to make informed decisions regarding voting at the upcoming annual meeting.
Risk Assessment
Risk Level: low — VSE CORP shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate governance disclosures rather than immediate financial distress or significant operational changes.
Analyst Insight
Review the executive compensation details and any shareholder proposals to understand potential impacts on corporate strategy and governance.
Key Numbers
- 2024-04-02 — Filing Date (DEF 14A)
- 2024-05-21 — Period of Report (DEF 14A)
- 1231 — Fiscal Year End (Company Data)
- 1979-06-12 — Date of Name Change (Former Company)
Key Players & Entities
- VSE CORP (company) — Filer
- VSECU (company) — Ticker Symbol
- DEF 14A (filing) — Form Type
- 2024-04-02T00:00:00.000Z (date) — Filing Date
- 2024-05-21 (date) — Period of Report
- 8711 (industry_code) — Standard Industrial Classification
- DE (state) — State of Incorporation
- 6348 Walker Lane, Alexandria, VA 22310 (address) — Business Address
FAQ
When did VSE CORP file this DEF 14A?
VSE CORP filed this Proxy Statement (DEF 14A) with the SEC on April 2, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by VSE CORP (VSECU).
Where can I read the original DEF 14A filing from VSE CORP?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by VSE CORP.
What are the key takeaways from VSE CORP's DEF 14A?
VSE CORP filed this DEF 14A on April 2, 2024. Key takeaways: VSE Corporation filed a DEF 14A with the SEC on April 2, 2024.. The filing covers the period ending May 21, 2024.. The company's fiscal year ends on December 31..
Is VSE CORP a risky investment based on this filing?
Based on this DEF 14A, VSE CORP presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating standard corporate governance disclosures rather than immediate financial distress or significant operational changes.
What should investors do after reading VSE CORP's DEF 14A?
Review the executive compensation details and any shareholder proposals to understand potential impacts on corporate strategy and governance. The overall sentiment from this filing is neutral.
How does VSE CORP compare to its industry peers?
VSE Corporation operates within the engineering services industry, providing a range of services to government and commercial clients.
Are there regulatory concerns for VSE CORP?
The DEF 14A filing is a standard disclosure required by the Securities and Exchange Commission (SEC) for publicly traded companies.
Industry Context
VSE Corporation operates within the engineering services industry, providing a range of services to government and commercial clients.
Regulatory Implications
The DEF 14A filing is a standard disclosure required by the Securities and Exchange Commission (SEC) for publicly traded companies.
What Investors Should Do
- Analyze executive compensation packages and any proposed changes.
- Review director nominations and qualifications.
- Examine any shareholder proposals and the company's recommendation.
Year-Over-Year Comparison
This is the initial DEF 14A filing for the reporting period ending May 21, 2024. No prior period comparison is available within this specific filing.
Filing Stats: 4,590 words · 18 min read · ~15 pages · Grade level 12.2 · Accepted 2024-04-01 17:44:20
Key Financial Figures
- $544 million — on Record full year segment revenue of $544 million. $750 million + of new OEM distributi
- $750 million — year segment revenue of $544 million. $750 million + of new OEM distribution awards, inclu
- $317 million — et Record full year segment revenue of $317 million. Successful execution of customer div
- $15 billion — in led the financial organization for a $15 billion engine overhaul, repair, and parts sale
Filing Documents
- vsec-20240401.htm (DEF 14A) — 923KB
- vsec-20240401_g1.jpg (GRAPHIC) — 198KB
- vsec-20240401_g10.jpg (GRAPHIC) — 2KB
- vsec-20240401_g11.jpg (GRAPHIC) — 2KB
- vsec-20240401_g12.jpg (GRAPHIC) — 2KB
- vsec-20240401_g13.jpg (GRAPHIC) — 2KB
- vsec-20240401_g14.jpg (GRAPHIC) — 3KB
- vsec-20240401_g15.jpg (GRAPHIC) — 3KB
- vsec-20240401_g16.jpg (GRAPHIC) — 49KB
- vsec-20240401_g17.jpg (GRAPHIC) — 54KB
- vsec-20240401_g18.jpg (GRAPHIC) — 50KB
- vsec-20240401_g19.jpg (GRAPHIC) — 96KB
- vsec-20240401_g2.jpg (GRAPHIC) — 56KB
- vsec-20240401_g3.jpg (GRAPHIC) — 11KB
- vsec-20240401_g4.jpg (GRAPHIC) — 9KB
- vsec-20240401_g5.jpg (GRAPHIC) — 22KB
- vsec-20240401_g6.jpg (GRAPHIC) — 4KB
- vsec-20240401_g7.jpg (GRAPHIC) — 2KB
- vsec-20240401_g8.jpg (GRAPHIC) — 2KB
- vsec-20240401_g9.jpg (GRAPHIC) — 3KB
- 0000102752-24-000033.txt ( ) — 2824KB
- vsec-20240401.xsd (EX-101.SCH) — 5KB
- vsec-20240401_def.xml (EX-101.DEF) — 8KB
- vsec-20240401_lab.xml (EX-101.LAB) — 12KB
- vsec-20240401_pre.xml (EX-101.PRE) — 7KB
- vsec-20240401_htm.xml (XML) — 84KB
Executive Compensation Program Overview
Executive Compensation Program Overview 21 Oversight of Executive Compensation 24 Peer Group and Competitive Market Analysis 26 202 3 Components of Executive Compensation 27 Employment Agreements and Severance Arrangements 36 Stock Ownership Guidelines 36 Clawback Policy 36 Hedging and Pledging Policy 37 Compensation and Human Resources Committee Report 38
Executive Compensation
Executive Compensation 39 202 3 Summary Compensation Table 39 202 3 Grants of Plan-Based Awards Table 40 Outstanding Equity Awards at 202 3 Fiscal Year End Table 42 202 3 Option Exercises and Stock Vested 43 202 3 Pension Benefits 43 202 3 Non-Qualified Deferred Compensation 44 Potential Payments Upon Termination or Change in Control 45 Pay Ratio Disclosure 47 Pay Versus Performance 48 Proposal 3: Advisory Vote to Approve Named Executive Officer Compensation 51
Security Ownership of Certain Beneficial Owners and Management
Security Ownership of Certain Beneficial Owners and Management 53 Stockholder Proposals 55 Other Matters 55 VSE CORPORATION PROXY STATEMENT Annual Meeting of Stockholders to be held on May 21, 2024 ABOUT THE 2024 ANNUAL MEETING AND VOTING AT THE VIRTUAL MEETING This Proxy Statement (this "2024 Proxy Statement") is being furnished to the stockholders of VSE Corporation, a Delaware corporation ("VSE" or the "Company"), in connection with the solicitation of proxies by VSE's Board of Directors (the "Board") for use at the Annual Meeting of VSE's stockholders to be held on Tuesday, May 21, 2024, commencing at 10:00 a.m., Eastern Daylight Time (the "Annual Meeting"). The Annual Meeting will be a virtual meeting via live audio webcast for the purposes specified in the accompanying Notice of the Annual Meeting and Internet availability of proxy materials (the "Notice"). As discussed in more detail below, the purpose of the Annual Meeting is (1) to vote for the election of eight directors to the Board; (2) to ratify the appointment of Grant Thornton LLP as VSE's independent registered public accounting firm for the year ending December 31, 2024; (3) to approve, on a non-binding advisory basis, the compensation of our named executive officers; and (4) to transact such other business as may properly come before the Annual Meeting, or any adjournment thereof. As of the date of this 2024 Proxy Statement, the Board does not intend to present, and has not been informed that any other person intends to present, any matter for action at the Annual Meeting other than those matters specifically referred to herein. If, however, any other matters are properly presented to the Annual Meeting for action, the proxy holders will vote the proxies, which confer authority on such holders to vote on such matters, in accordance with their best judgment. The persons named as attorneys-in-fact in the proxies are the Chair of the Board, General Ralph E. Eberhart, and VSE's Chi