V2X Appoints New CFO, Mary Johansen

TL;DR

V2X just hired a new CFO, Mary Johansen, starting May 13th. She's getting a $450k salary + stock.

AI Summary

On May 9, 2024, V2X, Inc. announced the appointment of Ms. Mary E. Johansen as its new Chief Financial Officer, effective May 13, 2024. Ms. Johansen will receive an annual base salary of $450,000 and will be eligible for a discretionary annual bonus. She will also receive a restricted stock unit award valued at $1,000,000, vesting over three years.

Why It Matters

The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.

Risk Assessment

Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategy and performance.

Key Numbers

• $450,000 — CFO Annual Base Salary (Starting salary for Mary Johansen)
• $1,000,000 — CFO Stock Award Value (Restricted stock unit award for Mary Johansen)

Key Players & Entities

• V2X, Inc. (company) — Registrant
• Mary E. Johansen (person) — Newly appointed Chief Financial Officer
• $450,000 (dollar_amount) — Annual base salary for new CFO
• $1,000,000 (dollar_amount) — Value of restricted stock unit award for new CFO
• May 13, 2024 (date) — Effective date of CFO appointment
• May 9, 2024 (date) — Date of report

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, Par Value $0.01 Per Share VVX New York Stock Exchan
• $1,000,000 — ntitled to (i) an annual base salary of $1,000,000, (ii) participate in the Company's annu
• $400,000 — replacement compensation cash award of $400,000, payable in early 2025 and subject to M
• $4,250,000 — 4 target grant date fair value equal to $4,250,000 and granted 50% in the form of time-ves
• $25,000 — 2025, and (vi) reimbursement for up to $25,000 in reasonable attorneys' fees incurred

Filing Documents

• ef2008957_8k.htm (8-K) — 35KB
• ef20028957_ex10-1.htm (EX-10.1) — 41KB
• ef20028957_ex99-1.htm (EX-99.1) — 12KB
• image00001.jpg (GRAPHIC) — 3KB
• 0001140361-24-025563.txt ( ) — 245KB
• vvx-20240509.xsd (EX-101.SCH) — 4KB
• vvx-20240509_lab.xml (EX-101.LAB) — 21KB
• vvx-20240509_pre.xml (EX-101.PRE) — 16KB
• ef2008957_8k_htm.xml (XML) — 4KB

02

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of Jeremy Wensinger as President, Chief Executive Officer, and Member of the Board of Directors On May 13, 2024, the Board of Directors (the "Board") of V2X, Inc. (the "Company") announced the appointment of Mr. Jeremy Wensinger as President, Chief Executive Officer ("CEO"), and a Class III Director of the Board, effective June 17, 2024. Prior to joining the Company, Mr. Wensinger, age 60, served as the Chief Operating Officer of Peraton, Inc., a leading provider of national security solutions and services, since 2017. Prior to joining Peraton, Mr. Wensinger served as a principal at Augusta Management Strategies, as president of the National Security Solutions business of PAE Government Services, Inc., chief operating officer of Global Technical Systems, Inc., chairman and president of Cobham Defense Systems and in various leadership roles at Harris Corporation. Mr. Wensinger earned a bachelor's degree in finance from Bowling Green State University and an MBA in finance and management from the University of South Florida. There is no arrangement or understanding with any person pursuant to which Mr. Wensinger was appointed as President, CEO, and a member of the Board, other than as described herein. In connection with Mr. Wensinger's appointment as a member of the Board, Mr. Wensinger is expected to enter into the Company's standard form of indemnification agreement, the form of which has been previously filed with the Securities and Exchange Commission. There are no family relationships among any of the Company's directors or executive officers and Mr. Wensinger. Mr. Wensinger is not a party to any transactions with the Company that would require disclosure under Item 404(a) of Regulation S-K. Compensatory Arrangements of President and Chief Executive Officer In connection with Mr. Wensinger

01

Item 8.01. Other Events. On May 13, 2024, the Company issued a press release entitled, "V2X, Inc. Announces Executive Leadership Transition." A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit Description 10.1 Offer Letter between Jeremy Wensinger and the Company dated May 5, 2024 99.1 Press Release dated May 13, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. V2X, INC. Dated: May 13, 2024 By: /s/ Kevin T. Boyle Kevin T. Boyle Chief Legal Officer, General Counsel and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR