secwatch.observer — SEC 8-K summary
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Issuer:     MERCURY SYSTEMS INC (MRCY)
CIK:        0001049521
Form:       8-K
Filed at:   2022-06-24T23:59:59+00:00
Accession:  0001049521-22-000034
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.03, 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1049521/000104952122000034/0001049521-22-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1049521/000104952122000034/mrcy-20220624.htm
  HTML page:      https://secwatch.observer/filing/0001049521-22-000034

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