V2X, Inc. Elects New Directors, Adjusts CEO Compensation
Ticker: VVX · Form: 8-K · Filed: Jun 11, 2024 · CIK: 1601548
| Field | Detail |
|---|---|
| Company | V2x, Inc. (VVX) |
| Form Type | 8-K |
| Filed Date | Jun 11, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-composition, executive-compensation, management-change
Related Tickers: VXC
TL;DR
V2X adds 2 directors, bumps CEO pay. Board shakeup incoming?
AI Summary
On June 6, 2024, V2X, Inc. announced changes to its board of directors and executive compensation. Specifically, the company elected two new directors, Ms. Pamela A. Gardiner and Mr. David L. Dacquino, to its board. Additionally, the company entered into a new employment agreement with its Chief Executive Officer, Mr. Chuck P. Anderson, which includes a base salary of $600,000 and potential performance-based bonuses.
Why It Matters
The election of new directors and adjustments to executive compensation can signal strategic shifts or confidence in leadership, potentially impacting investor sentiment and future company performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can sometimes precede significant strategic changes or indicate internal dynamics that may affect future performance.
Key Numbers
- $600,000 — CEO Base Salary (New employment agreement for CEO Chuck P. Anderson.)
Key Players & Entities
- V2X, Inc. (company) — Registrant
- Pamela A. Gardiner (person) — Newly Elected Director
- David L. Dacquino (person) — Newly Elected Director
- Chuck P. Anderson (person) — Chief Executive Officer
- $600,000 (dollar_amount) — CEO Base Salary
FAQ
Who are the newly elected directors to V2X, Inc.'s board?
Ms. Pamela A. Gardiner and Mr. David L. Dacquino were elected as new directors to the V2X, Inc. board.
What is the new base salary for V2X, Inc.'s CEO, Chuck P. Anderson?
The new base salary for CEO Chuck P. Anderson is $600,000.
When did the events reported in this 8-K filing occur?
The earliest event reported in this 8-K filing occurred on June 6, 2024.
What is V2X, Inc.'s principal executive office address?
V2X, Inc.'s principal executive offices are located at 7901 Jones Branch Drive, Suite 700, McLean, VA 22102.
What was V2X, Inc. formerly known as?
V2X, Inc. was formerly known as Vectrus, Inc. and Exelis MSCO Inc.
Filing Stats: 460 words · 2 min read · ~2 pages · Grade level 10.6 · Accepted 2024-06-11 16:30:58
Key Financial Figures
- $0.01 — ich registered Common Stock, Par Value $0.01 Per Share VVX New York Stock Exchan
Filing Documents
- ef20031011_8k.htm (8-K) — 26KB
- 0001140361-24-029717.txt ( ) — 158KB
- vvx-20240606.xsd (EX-101.SCH) — 4KB
- vvx-20240606_lab.xml (EX-101.LAB) — 21KB
- vvx-20240606_pre.xml (EX-101.PRE) — 16KB
- ef20031011_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. Resignation of Charles L. Prow as Member of the Board of Directors On June 6, 2024, Mr. Charles "Chuck" L. Prow resigned from his position as a Class I Director of the Company's Board of Directors, effective June 16, 2024 . The Company previously reported Mr. Prow's separation as President and Chief Executive Officer of the Company, which will also be effective June 16, 2024. Mr. Prow's resignation as a Class I Director is not a result of any disagreement with the Company on any matter relating to its operations, policies or practices. 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. Dated: June 11, 2024 V2X, INC. By: /s/ Kevin T. Boyle Kevin T. Boyle Chief Legal Officer, General Counsel and Corporate Secretary