---
schema_version: "secwatch.filing_event.v1"
accession: "0001049521-24-000003"
form_type: "8-K"
ticker: "MRCY"
cik: "0001049521"
company_name: "MERCURY SYSTEMS INC"
filed_at: "2024-01-17T23:59:59+00:00"
generated_at: "2026-06-06T22:24:32.132714+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mercury Systems cuts ~100 jobs, expects $10-12M restructuring charge; names Roger Wells COO

## Summary
- Workforce reduction of ~100 positions with expected restructuring charges of $10-12M in fiscal Q3 ending March 29, 2024.
- Consolidates Mission Systems and Microelectronics divisions into one unified structure to simplify organization.
- Appoints Charles R. Wells IV as EVP, COO effective Jan 22, 2024; base salary $450K, bonus target 110%, LTIP target $1.4M plus $500K promotion awards.
- Christine Harbison (Chief Growth Officer) and Allen Couture (EVP Execution Excellence) departing after transition period.

## SEC filing metadata
- accession: 0001049521-24-000003
- form_type: 8-K
- ticker: MRCY
- cik: 0001049521
- company_name: MERCURY SYSTEMS INC
- filed_at: 2024-01-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1049521/000104952124000003/0001049521-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1049521/000104952124000003/mrcy-20240112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001049521-24-000003
- JSON: https://secwatch.observer/filing/0001049521-24-000003.json
- Plain text: https://secwatch.observer/filing/0001049521-24-000003.txt

## Key facts
- Executive change
  Charles R. Wells, IV was appointed as Executive Vice President, Chief Operating Officer at MERCURY SYSTEMS INC.
  - Action: appointed
  - Role: Executive Vice President, Chief Operating Officer
  source text: we have named Charles R. Wells, IV as Executive Vice President, Chief Operating Officer, effective January 22, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1049521/000104952124000003/0001049521-24-000003-index.htm
- Executive change
  Christine F. Harbison departed as Executive Vice President, Chief Growth Officer at MERCURY SYSTEMS INC.
  - Action: depart
  - Role: Executive Vice President, Chief Growth Officer
  source text: On January 12, 2024, we notified Christine F. Harbison, our Executive Vice President, Chief Growth Officer, and a named executive officer, that she will depart the Company after a short transition period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1049521/000104952124000003/0001049521-24-000003-index.htm
- Restructurings & Charges
  MERCURY SYSTEMS INC announced a restructuring with charges of approximately $10 - 12 million affecting Mission Systems and Microelectronics divisions (approximately 100 positions).
  - Type: restructuring
  - Charge: approximately $10 - 12 million
  - Affected area: Mission Systems and Microelectronics divisions
  - Headcount: approximately 100 positions
  source text: On January 12, 2024, we approved and initiated a workforce reduction that will eliminate approximately 100 positions, resulting in expected restructuring charges of approximately $10 - 12 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1049521/000104952124000003/0001049521-24-000003-index.htm

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