secwatch.observer — SEC 8-K summary
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Issuer:     VSE CORP (VSEC)
CIK:        0000102752
Form:       8-K
Filed at:   2024-12-18T23:59:59+00:00
Accession:  0000102752-24-000095
Event type: leadership
Sentiment:  positive
Materiality: 0.75
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102752/000010275224000095/0000102752-24-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102752/000010275224000095/vsec-20241216.htm
  HTML page:      https://secwatch.observer/filing/0000102752-24-000095

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