Koonce Amends VSE Corp Stake Filing

TL;DR

Koonce updated his VSE Corp ownership filing on 5/15/24 - watch for changes.

AI Summary

Calvin Scott Koonce has amended his Schedule 13D filing regarding VSE Corporation, indicating a change in his beneficial ownership as of May 15, 2024. The filing does not specify the exact percentage or number of shares now held, but it is an amendment to a previous filing, suggesting a shift in his stake in the company.

Why It Matters

Changes in beneficial ownership filings like this can signal shifts in control or influence over a company, potentially impacting its stock price and strategic direction.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate significant changes in a major shareholder's position, which can lead to increased volatility.

Key Players & Entities

• Calvin Scott Koonce (person) — Filing person and beneficial owner
• VSE Corporation (company) — Subject company
• Elaine Schuler (person) — Authorized to receive notices

FAQ

Filing Documents

• ef20029423_sc13da.htm (SC 13D/A) — 49KB
• 0001140361-24-026608.txt ( ) — 50KB

is hereby amended and restated to read as follows

Item 4 is hereby amended and restated to read as follows: (a)-(j). The Reporting Person is a Director of the Issuer. The Reporting Person will not stand for election at the Issuer's Annual Meeting of Stockholders on May 21, 2024. Accordingly, he will cease to be a director of the Issuer on that date. The Common Stock has been acquired by the Reporting Person for investment purposes and was not acquired with the intent to change or influence control of the Issuer or to participate in any transaction having that purpose or effect. The Reporting Person reserves the right to change his plan and intentions at any time as he deems appropriate. The Reporting Person may acquire additional shares of the Common Stock, dispose all or some of these share of the Common Stock from time to time, in each case in the open market or private transactions, block sales or purchases or otherwise, or may continue to hold the shares of the Common Stock, depending on business and market conditions, his continuing evaluation of the business and prospects of the Issuer and other factors. The Reporting Person has transferred, and may in the future transfer, shares of Common Stock for family investment planning purposes. Depending on factors deemed relevant by the Reporting Person, including but not limited to change in the Issuer's business, governance or financial situation, the Reporting Person reserves the right to formulate other plans and take such actions set forth in this response to Item 4 and any other actions as the Reporting Person may determine. Presently the Reporting Person has no plans or proposals which would relate or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D except as set forth herein and except to the extent that such matters are the result of the Reporting Person acting in his capacity as a Director of the Issuer for so long as he holds that position with the Issuer. SCHEDULE 13D CUSIP No. 918284100 Page 4 of 5 Pages

is hereby amended and restated to read as follows

Item 5 is hereby amended and restated to read as follows: (a)-(b) On May 15, 2024, the Issuer conducted a public offering selling 2,112,676 shares of Common Stock. The Issuer also granted the underwriters in the public offering an option to purchase an additional 316,901 of Common Stock in the 30-day period following the offering. Accordingly, the percentage of shares outstanding owned by the Reporting Person decreased. As of May 16, 2024, the Reporting Person beneficially owns 1,867,082 shares of Common Stock, constituting approximately 10.3% of the shares of Common Stock outstanding of the Issuer. The Reporting Person has the sole power to vote and direct the vote and the sole power to dispose and direct the disposition of such shares. The 1,867,082 shares of Common Stock includes 501,584 shares of Common Stock held by Koonce and 20,000 shares owned by the Reporting Person's wife. The Reporting Person disclaims beneficial ownership of the shares held by Koonce and his wife, except in each case to the extent of his pecuniary interest therein, if any. The aggregate percentage of shares of Common Stock reported beneficially owned by the Reporting Person is based upon 15,982,806 shares of Common Stock outstanding as of May 3, 2024, as reported by the Issuer in its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 and filed with the Securities and Exchange Commission on May 9, 2024 and the press release of the Issuer dated May 15, 2024 in which it announced the public offering of 2,112,676 shares of Common Stock (for a total outstanding of 18,095,482) disclosed in the preceding paragraph. (c) The Reporting Person conducted no transactions in the Issuer's Common Stock since the most recent filing of Schedule 13D. (d) Except as set forth in this Item 5(d), no Person other than the Reporting Person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such shares of Common Stock

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View this SC 13D/A filing on SEC EDGAR