Mercury Systems, Inc. (NASDAQ:MRCY) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
The Board of Directors of Mercury Systems, Inc. (the “Company”) elected Lisa S. Disbrow and Mary Louise Krakauer as directors on July 25, 2017. Ms. Disbrow was elected as a Class I Director and Ms. Krakauer was elected as a Class II Director, each to stand for re-election at the Company’s 2017 Annual Meeting of Shareholders. Ms. Disbrow was appointed to the Audit Committee of the Board of Directors and Ms. Krakauer was appointed to the Compensation Committee of the Board of Directors.
Each of the new directors was granted a restricted stock award upon her election to the Company’s Compensation Policy for Non-Employee Directors. to the policy, new non-employee directors are granted equity awards in connection with their first election to the Board. These awards consist of shares of restricted stock with a value equal of $225,000 divided by the average closing price of the Company’s common stock during the 30 calendar days prior to the date of grant. These awards vest as to 50% of the covered shares on each of the first two anniversaries of the date of grant.
Item 7.01 Regulation FD Disclosure.
The Company issued a press release on July 27, 2017, announcing the election of Lisa S. Disbrow and Mary Louise Krakauer as directors. A copy of the press release is attached as Exhibit99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
|
99.1 |
Press Release issued by Mercury Systems, Inc. on July 27, 2017. |
MERCURY SYSTEMS INC ExhibitEX-99.1 2 newbodmembersprv7.htm EXHIBIT 99.1 Exhibit News ReleaseLisa S. Disbrow and Mary Louise Krakauer Elected to theBoard of Directors of Mercury Systems,…To view the full exhibit click here
About Mercury Systems, Inc. (NASDAQ:MRCY)
Mercury Systems, Inc. is a commercial provider of secure processing subsystems designed and made in the United States. The Company’s solutions support a range of defense and intelligence programs. Its technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components. It designs and builds RF and microwave components and subsystems for the electronic warfare (EW), signals intelligence (SIGINT) and other communications requirements and applications. It offers analyst services and systems engineering support, consulting, maintenance and other support, testing and installation. It designs, markets and sells software and middleware environments for the development and execution of signal and image processing applications on a range of heterogeneous and multi-computing platforms. It also offers solutions in mission computing, safety-critical avionics and platform management.
