Mercury Systems appoints two directors, enters cooperation with JANA and Starboard

MERCURY SYSTEMS INC

Howard Lance (ex-Maxar CEO) and Bill Ballhaus (ex-Blackboard CEO) appointed to board, effective immediately.
Board temporarily expanded from 9 to 11 directors; will return to 9 after 2022 annual meeting.
Rights agreement amended to raise ownership threshold from 7.5% to 10% (20% for passive institutions).
Cooperation agreements include standstill, voting provisions; activists will vote for board nominees.
New directors added to key committees; Ballhaus on Audit, Lance on Compensation and Government Relations.

item 1.01 item 3.03 item 5.02 item 7.01 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

William L. Ballhaus

Director

MRCY · MERCURY SYSTEMS INC

Effective: 2022-06-23
Filed: June 24, 2022, 7:59 PM ET

effective as of June 23, 2022, the Board appointed William L. Ballhaus and Howard L. Lance as independent directors in Class I of the Board

Appointed

Howard L. Lance

Director

MRCY · MERCURY SYSTEMS INC

Effective: 2022-06-23
Filed: June 24, 2022, 7:59 PM ET

effective as of June 23, 2022, the Board appointed William L. Ballhaus and Howard L. Lance as independent directors in Class I of the Board

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

William L. Ballhaus was appointed as Director at MERCURY SYSTEMS INC.

Action: appointed
Role: Director

Exact text from the filing

effective as of June 23, 2022, the Board appointed William L. Ballhaus and Howard L. Lance as independent directors in Class I of the Board

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Howard L. Lance was appointed as Director at MERCURY SYSTEMS INC.

Action: appointed
Role: Director

Exact text from the filing

effective as of June 23, 2022, the Board appointed William L. Ballhaus and Howard L. Lance as independent directors in Class I of the Board

View on SEC.gov

MERCURY SYSTEMS INC filing history →

Source: SEC EDGAR

accession 0001049521-22-000034

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