secwatch.observer — SEC 8-K summary
======================================

Issuer:     MERCURY SYSTEMS INC (MRCY)
CIK:        0001049521
Form:       8-K
Filed at:   2022-02-08T23:59:59+00:00
Accession:  0001049521-22-000007
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mercury Systems implements early, larger equity retention plan for execs and 100+ leaders
--------------------------------------------------------------------------------

- CEO Aslett gets $6.3M performance stock + $6.3M restricted stock on Feb 15, 2022; CFO and GC each get $1.93M and $800k respectively.
- Awards granted ~6 months early for fiscal 2023; larger than normal annual compensation.
- Plan covers executive leadership and over 100 additional leaders; cited challenging industry environment and labor market.
- Additional stock-comp expense of $1.1M ($0.02/shr) for Q3 FY2022 and $3.4M ($0.06/shr) for FY2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1049521/000104952122000007/0001049521-22-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1049521/000104952122000007/mrcy-20220208.htm
  HTML page:      https://secwatch.observer/filing/0001049521-22-000007

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