Mercury Systems COO Charles Wells departs; CFO Farnsworth gets expanded role and $1M RSU

MERCURY SYSTEMS INC

COO Charles R. Wells IV departing for CEO role at private company; effective immediately.
Chairman & CEO William Ballhaus to lead business operations group; senior leaders report to him.
CFO David E. Farnsworth assumes expanded responsibilities including management operating system, technology investment strategy, and operational performance.
Farnsworth granted $1M RSU under 2018 Stock Incentive Plan, vesting over 3 years with accelerated vesting if remains through Aug 2026 or terminated without cause.
Company reiterates FY2025 guidance; no specific numbers provided.

item 2.02 item 5.02

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Departed

Charles R. Wells IV

Executive Vice President and Chief Operating Officer

MRCY · MERCURY SYSTEMS INC

Filed: April 1, 2025, 7:59 PM ET

On March 28, 2025, Charles R. Wells, IV, the Company’s Executive Vice President and Chief Operating Officer, informed the Company that he will be departing for a chief executive officer role at a privately held company.

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Executive change SEC 8-K Item 5.02 confidence 1.0

Charles R. Wells IV departed as Executive Vice President and Chief Operating Officer at MERCURY SYSTEMS INC.

Action: departing
Role: Executive Vice President and Chief Operating Officer

Exact text from the filing

On March 28, 2025, Charles R. Wells, IV, the Company’s Executive Vice President and Chief Operating Officer, informed the Company that he will be departing for a chief executive officer role at a privately held company.

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Source: SEC EDGAR

accession 0001049521-25-000011

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