secwatch.observer — SEC 8-K summary
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Issuer:     VSE CORP (VSEC)
CIK:        0000102752
Form:       8-K
Filed at:   2021-12-09T23:59:59+00:00
Accession:  0000102752-21-000093
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VSE appoints Edward Dolanski to board; new employment agreements for CEO Cuomo and CFO Griffin
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- Board expanded to nine; Edward Dolanski, former Boeing/CEO of Aviall, appointed independent director effective Jan 1, 2022.
- CEO John Cuomo's amended agreement: base salary $800k, term through Jan 2025, target equity award 220% of salary, 2x severance on non-CIC termination.
- CFO Stephen Griffin's amended agreement: base salary $430k, term through Jan 2024, target bonus 65% of salary, 1.5x severance.
- President VSE Aviation Benjamin Thomas and President Wheeler Fleet Solutions Chad Wheeler also received amended employment agreements.
- Severance multiples increase to 2.25x (CEO) and 2x (CFO) upon change-in-control termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102752/000010275221000093/0000102752-21-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102752/000010275221000093/vsec-20211209.htm
  HTML page:      https://secwatch.observer/filing/0000102752-21-000093

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