Mercury Systems names David Farnsworth CFO; adds former Leidos CEO Roger Krone to board

MERCURY SYSTEMS INC

David Farnsworth named EVP, CFO, Treasurer effective July 17; base salary $450k, target bonus 110%, LTI $1.5M, $200k sign-on, $3M new-hire equity.
Roger Krone, former Leidos Chairman and CEO, appointed independent director effective June 28; serves on Nominating & Governance and M&A committees.
Michelle McCarthy ends interim CFO role, remains CAO; awarded $215k cash and $200k restricted stock vesting over four years.
Board committee composition updated with new appointments; committees now reflect recent director additions DeMuro and Krone.

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

Roger A. Krone

independent director

MRCY · MERCURY SYSTEMS INC

Effective: 2023-06-28
Filed: June 29, 2023, 7:59 PM ET

The Board of Directors has appointed Roger A. Krone, former Chairman and CEO of Leidos, as an independent director in Class II of the Board, effective June 28, 2023, for a term expiring

Appointed

David E. Farnsworth

Executive Vice President, Chief Financial Officer, and Treasurer

MRCY · MERCURY SYSTEMS INC

Effective: 2023-07-17
Filed: June 29, 2023, 7:59 PM ET

On June 29, 2023, Mercury Systems, Inc. (the “Company”) announced that David E. Farnsworth will be joining the Company as Executive Vice President, Chief Financial Officer, and Treasurer, on July 17, 2023.

Role change

Michelle M. McCarthy

Senior Vice President, Chief Accounting Officer

MRCY · MERCURY SYSTEMS INC

Effective: 2023-07-17
Filed: June 29, 2023, 7:59 PM ET

Effective with Mr. Farnsworth joining the Company, Michelle M. McCarthy will cease her interim duties as Chief Financial Officer and Treasurer while continuing in her role as the Company’s Senior Vice President, Chief Accounting Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Roger A. Krone was appointed as independent director at MERCURY SYSTEMS INC.

Action: appointed
Role: independent director

Exact text from the filing

The Board of Directors has appointed Roger A. Krone, former Chairman and CEO of Leidos, as an independent director in Class II of the Board, effective June 28, 2023, for a term expiring

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David E. Farnsworth was appointed as Executive Vice President, Chief Financial Officer, and Treasurer at MERCURY SYSTEMS INC.

Action: appointed
Role: Executive Vice President, Chief Financial Officer, and Treasurer

Exact text from the filing

On June 29, 2023, Mercury Systems, Inc. (the “Company”) announced that David E. Farnsworth will be joining the Company as Executive Vice President, Chief Financial Officer, and Treasurer, on July 17, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Michelle M. McCarthy changed role as Senior Vice President, Chief Accounting Officer at MERCURY SYSTEMS INC.

Action: ceased interim duties
Role: Senior Vice President, Chief Accounting Officer

Exact text from the filing

Effective with Mr. Farnsworth joining the Company, Michelle M. McCarthy will cease her interim duties as Chief Financial Officer and Treasurer while continuing in her role as the Company’s Senior Vice President, Chief Accounting Officer.

View on SEC.gov

MERCURY SYSTEMS INC filing history →

Source: SEC EDGAR

accession 0001049521-23-000018

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