secwatch.observer — SEC 8-K summary
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Issuer:     MERCURY SYSTEMS INC (MRCY)
CIK:        0001049521
Form:       8-K
Filed at:   2023-06-29T23:59:59+00:00
Accession:  0001049521-23-000018
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1049521/000104952123000018/0001049521-23-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1049521/000104952123000018/mrcy-20230629.htm
  HTML page:      https://secwatch.observer/filing/0001049521-23-000018

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