VECTRUS, INC. (NYSE:VEC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
VECTRUS, INC. (NYSE:VEC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(e)>
On and effective October 29, 2020, the Board of Directors of Vectrus, Inc. (the “Company”) approved and adopted an amendment to the Company’s Senior Executive Severance Pay Plan (the “Plan”), to amend the severance payable to the Company’s President and Chief Executive Officer (“CEO”) in the event of the CEO’s termination under the terms of the Plan. The amendment to the Plan provides that the CEO’s severance pay shall be equal to the combination of the CEO’s Base Salary and Target Annual Incentive Plan Bonus (as defined in the Plan) multiplied by the “months of severance” shown in the schedule to the Plan.
The foregoing summary of the amendment to the Plan does not purport to be complete and is qualified in its entirety by reference to the full text of the amendment to the Plan, attached hereto as Exhibit 10.1 and incorporated herein by reference.
ITEM 9.01 Financial Statements and Exhibits
(d) Exhibits.
Vectrus, Inc. Exhibit
EX-10.1 2 ex101amend1toseniorexecp.htm EXHIBIT 10.1 ex101amend1toseniorexecp Exhibit 10.1 VECTRUS,…
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EX-10.1 2 ex101amend1toseniorexecp.htm EXHIBIT 10.1 ex101amend1toseniorexecp Exhibit 10.1 VECTRUS,…
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hereAbout VECTRUS, INC. (NYSE:VEC)
Vectrus, Inc. is a provider of services to the United States Government across the world. The Company offers services, including infrastructure asset management, logistics and supply chain management, and information technology and network communication. Its infrastructure asset management services support the United States Army, Air Force and Navy, and include infrastructure services, security, warehouse management and distribution, ammunition management, civil engineering, air base maintenance and operations, communications, emergency services, transportation, and life support activities at various global military installations. Its logistics and supply chain management services support and maintain the vehicle and equipment stocks of the United States Army and Marine Corps. Its information technology and network communication services consist of sustainment of communications systems, network security, systems installation and life cycle management of information technology systems.
