VSE Corp enters amended CEO employment agreement with $1M base, 400% LTI target; declares $0.10 dividend

VSE CORP

CEO John Cuomo enters amended employment agreement effective Jan 1, 2025 through Jan 1, 2028, with automatic one-year renewals.
Base salary no less than $1,000,000; target annual bonus opportunity at least 110% of base salary; LTI target at least 400% of base.
Special award of time-based RSUs valued ~$1,500,000 granted Jan 1, 2025 vesting in two equal installments Dec 31, 2026 and Dec 31, 2027.
Severance on qualifying termination (non-CIC): lump sum 3x (base + target bonus) plus full vesting of special RSUs; CIC-related: similar plus full vesting of all equity at target.
Board declares quarterly cash dividend of $0.10 per share, payable Feb 6, 2025 to holders of record Jan 23, 2025.

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