Koonce Amends VSE Corp 13D Filing

TL;DR

Koonce updated his VSE Corp stake filing - no major changes disclosed, but he's still watching.

AI Summary

Calvin Scott Koonce, through an amendment filed on September 24, 2024, has updated his Schedule 13D filing for VSE Corporation. This amendment pertains to his beneficial ownership of the company's common stock. The filing does not disclose specific new dollar amounts or significant changes in holdings but serves as an update to his previous disclosures.

Why It Matters

This filing indicates ongoing monitoring and potential strategic interest in VSE Corporation by a significant shareholder, which could influence future corporate actions or stock performance.

Risk Assessment

Risk Level: medium — Schedule 13D filings often signal potential activist investor activity or significant shifts in ownership, which can introduce volatility.

Key Players & Entities

• VSE Corp (company) — Subject company
• KOONCE CALVIN SCOTT (person) — Filing person
• Elaine Schuler (person) — Authorized to receive notices

FAQ

Key Financial Figures

• $3,706,104 — cially owned by the Reporting Person is $3,706,104 (including brokerage fees and expenses)

Filing Documents

• ef20036243_sc13da.htm (SC 13D/A) — 87KB
• 0001140361-24-041771.txt ( ) — 88KB

is hereby amended and restated to read as follows

Item 3 is hereby amended and restated to read as follows: The aggregate purchase price of the 1,698,080 shares (which amount includes the 392,998 shares of Common Stock held by Koonce) of the Common Stock beneficially owned by the Reporting Person is $3,706,104 (including brokerage fees and expenses). All of the shares of Common Stock beneficially owned by the Reporting Person were paid for using his personal funds, were received as payment for services as a Director of the Issuer and were received by inheritance. The 1,698,080 shares of Common Stock includes 20,000 shares owned by the Reporting Person's wife. Item 4. Purpose of Transaction

is hereby amended and restated to read as follows

Item 4 is hereby amended and restated to read as follows: (a)-(j). 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. Schedule 13D CUSIP No. 918284100 Page 4 of 6 Pages Item 5. Interest in Securities of the Issuer

is hereby amended and restated to read as follows

Item 5 is hereby amended and restated to read as follows: (a)-(b) As of September 23, 2024, the Reporting Person beneficially owns 1,698,080 shares of Common Stock, constituting approximately 9.2% 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 1,698,080 shares of Common Stock includes 392,998 shares of Common Stock held by Koonce LLC and 20,000 shares owned by the Reporting Person's wife. The Reporting Person disclaims beneficial ownership of the shares held by Koonce LLC 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 18,420,008 shares of Common Stock outstanding as of July 26, 2024, as reported by the Issuer in its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 and filed with the Securities and Exchange Commission on August 1, 2024. (c) The table below lists all the transactions in the Issuer's Common Stock effected during the sixty days prior to the date set forth on the cover page. Except as noted below, all transactions were made in the open market and do not reflect commissions or other expenses. Transactions in Shares Party Date of Purchase/ Sale Number of Shares of the Common Stock Buy/ Sell Weighted Average Price Price Koonce LLC 8/27/24 9,300 Sell $ 89.90 $ 89.00 - $ 90.70 Koonce LLC 8/28/24 13,700 Sell $ 89.46 $ 89.09 - $ 90.11 Koonce LLC 8/29/24 15,300 Sell $ 91.84 $ 89.90 - $ 92.95 Koonce LLC 8/30/24 3,900 Sell $ 92.50 $ 92.00 - $ 93.00 Koonce LLC 9/3/24 15,741 Sell $ 88.66 $ 87.76 - $ 90.53 Koonce LLC 9/4/24 9,694 Sell $ 86.35 $ 85.79 - $ 87.52 Koonce LLC 9/5/24 7,700 Sell $ 86.35 $ 84.29 - $ 87.62 Koonce LLC 9/6/24 9,438 Sell $ 84.78 $ 83.

View Full Filing

View this SC 13D/A filing on SEC EDGAR