secwatch.observer — SEC 8-K summary
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Issuer:     MERCURY SYSTEMS INC (MRCY)
CIK:        0001049521
Form:       8-K
Filed at:   2021-12-29T23:59:59+00:00
Accession:  0001049521-21-000066
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mercury Systems adopts one-year shareholder rights plan with 7.5% trigger
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- Board unanimously adopted Rights Plan to protect shareholder value amid perceived undervaluation of shares.
- Rights trigger at 7.5% beneficial ownership (10% for passive institutional investors).
- Each Right entitles holder to purchase preferred shares worth twice the market value of common shares upon trigger.
- Rights expire after one year; distributed as a dividend to stockholders of record on January 10, 2022.
- Plan designed to allow Board time to evaluate any unsolicited acquisition offers and negotiate full value.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1049521/000104952121000066/0001049521-21-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1049521/000104952121000066/mrcy-20211229.htm
  HTML page:      https://secwatch.observer/filing/0001049521-21-000066

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer