---
schema_version: "secwatch.filing_event.v1"
accession: "0001049521-23-000018"
form_type: "8-K"
ticker: "MRCY"
cik: "0001049521"
company_name: "MERCURY SYSTEMS INC"
filed_at: "2023-06-29T23:59:59+00:00"
generated_at: "2026-06-13T14:36:52.286989+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001049521-23-000018
- form_type: 8-K
- ticker: MRCY
- cik: 0001049521
- company_name: MERCURY SYSTEMS INC
- filed_at: 2023-06-29T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1049521/000104952123000018/0001049521-23-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1049521/000104952123000018/mrcy-20230629.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001049521-23-000018
- JSON: https://secwatch.observer/filing/0001049521-23-000018.json
- Plain text: https://secwatch.observer/filing/0001049521-23-000018.txt

## Key facts
- Executive change
  Roger A. Krone was appointed as independent director at MERCURY SYSTEMS INC.
  - Action: appointed
  - Role: independent director
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1049521/000104952123000018/0001049521-23-000018-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1049521/000104952123000018/0001049521-23-000018-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1049521/000104952123000018/0001049521-23-000018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.