---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-012341"
form_type: "8-K"
ticker: "DRS"
cik: "0001833756"
company_name: "Leonardo DRS, Inc."
filed_at: "2025-03-12T23:59:59+00:00"
generated_at: "2026-05-24T22:42:47.807398+00:00"
event_type: "regulatory"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# DCSA approves Amended Proxy Agreement for Leonardo DRS to mitigate foreign ownership risks

## Summary
- DCSA approved Amended & Restated Proxy Agreement effective March 1, 2025; received March 11, 2025.
- Modified terms allow Leonardo US to reappoint proxy holders without break in service; no DCSA approval needed for reappointment.
- Board size may be mutually expanded, but proxy holder director positions must not be less than non-proxy holder positions.
- Updated staggered terms: Class A expires March 2027, Class B March 2028, Class C March 2026.
- Proxy holders must advise DCSA and Leonardo US on independent auditor appointment; compensation cannot be reduced during tenure.

## SEC filing metadata
- accession: 0001628280-25-012341
- form_type: 8-K
- ticker: DRS
- cik: 0001833756
- company_name: Leonardo DRS, Inc.
- filed_at: 2025-03-12T23:59:59+00:00
- event_type: regulatory
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1833756/000162828025012341/0001628280-25-012341-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1833756/000162828025012341/drs-20250311.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-012341
- JSON: https://secwatch.observer/filing/0001628280-25-012341.json
- Plain text: https://secwatch.observer/filing/0001628280-25-012341.txt

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