secwatch / observer

MERCURY SYSTEMS INC — fact timeline

Source-grounded facts extracted from MERCURY SYSTEMS INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

MRCY MERCURY SYSTEMS INC JSON
Earnings Releases

MERCURY SYSTEMS INC reported financial results for third quarter ended March 27, 2026.

“On May 5, 2026 , Mercury Systems, Inc. (the "Company") issued a press release and an earnings presentation regarding its financial results for the third quarter ended March 27, 2026.”
Debt Financings

MERCURY SYSTEMS INC incurred revolving credit of $850.0 million with Wells Fargo Bank, National Association at floating rates tied to SOFR or the prime rate plus an applicable percentage maturing November 4, 2030.

“No. 7 as the successor administrative agent to Bank of America, N.A. Amendment No. 7 provides for (1) a new five-year revolving credit facility maturing on November 4, 2030 with $850.0 million in commitments; (2) the paydown of extensions of credit, and termination of commitments, under the Company’s existing $900.0 million revolving credit facility; (3) an increase in”

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

“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.”
Restructurings & Charges

MERCURY SYSTEMS INC announced a restructuring with charges of approximately $5 million (approximately 145 positions).

“On January 29, 2025, we executed a workforce reduction that will eliminate approximately 145 positions, resulting in expected restructuring charges of approximately $5 million for employee separation costs”

Jean Bua was appointed as Director at MERCURY SYSTEMS INC.

“the appointment of Jean Bua, the Chief Financial Officer of NetScout Systems, a publicly traded network performance and security solutions company, to the Board.”

Roger A. Krone departed as Director at MERCURY SYSTEMS INC.

“announced the departure of Roger A. Krone from the Board”
Restructurings & Charges

MERCURY SYSTEMS INC announced a restructuring with charges of approximately $5 million affecting the next phase of this effort, and implemented a workforce reduction (approximately 100 positions).

“On June 17, 2024, we approved the next phase of this effort, and implemented a workforce reduction that will eliminate approximately 100 positions, resulting in expected restructuring charges of approximately $5 million for employee separation costs”
Earnings Releases

MERCURY SYSTEMS INC reported the third quarter ended March 29, 2024 results: revenue $208.3 million, net income ($44.6) million, EPS ($0.77).

“Mercury Systems Reports Third Quarter Fiscal 2024 Results • Q3 FY24 Bookings of $219.9 million; book-to-bill ratio of 1.06 • Q3 FY24 Revenue of $208.3 million; GAAP net loss and adjusted EBITDA ($44.6) million and ($2.4) million, respectively”

Douglas Munro was appointed as Vice President and Chief Accounting Officer at MERCURY SYSTEMS INC.

“On February 8, 2024, Mercury Systems, Inc. (the “Company”) announced that Douglas Munro has been appointed as the Company’s Vice President and Chief Accounting Officer effective as of February 12, 2024.”

Michelle M. McCarthy resigned as Senior Vice President and Chief Accounting Officer at MERCURY SYSTEMS INC.

“On February 7, 2024, Michelle M. McCarthy, the Company’s Senior Vice President and Chief Accounting Officer informed the Company that she has accepted another role outside the Company.”
Earnings Releases

MERCURY SYSTEMS INC reported the second quarter ended December 29, 2023 results: revenue $197.5 million, net income ($45.6) million, EPS ($0.79).

“--- FOR IMMEDIATE RELEASE Mercury Systems Reports Second Quarter Fiscal 2024 Results • Q2 FY24 Bookings of $325.4 million; book-to-bill ratio of 1.65 • Q2 FY24 Revenue of $197.5 million; GAAP net loss and adjusted EBITDA ($45.6) million and ($21.3) million, respectively • Q2 FY24 Cash flow from operations of $45.5 million, free cash flow $37.5 million ANDOVER,”
Restructurings & Charges

MERCURY SYSTEMS INC announced a restructuring with charges of approximately $10 - 12 million affecting Mission Systems and Microelectronics divisions (approximately 100 positions).

“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.”

Christine F. Harbison departed as Executive Vice President, Chief Growth Officer at MERCURY SYSTEMS INC.

“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.”

Charles R. Wells, IV was appointed as Executive Vice President, Chief Operating Officer at MERCURY SYSTEMS INC.

“we have named Charles R. Wells, IV as Executive Vice President, Chief Operating Officer, effective January 22, 2024”

James M. Stevison departed as Executive Vice President and President, Mission Systems division at MERCURY SYSTEMS INC.

“On November 10, 2023, James M. Stevison, the Company’s Executive Vice President and President of the Company’s Mission Systems division, informed the Company that he will be departing on December 1, 2023.”
Earnings Releases

MERCURY SYSTEMS INC reported financial results for the first quarter ended September 29, 2023.

“On November 7, 2023, the Company issued a press release and an earnings presentation regarding its financial results for the first quarter ended September 29, 2023.”
Debt Financings

MERCURY SYSTEMS INC amended revolving credit of $576.5 million with Bank of America, N.A.

“as the administrative agent. The Company paid a consent fee of 0.125% of the principal amount of the revolving credit commitments held by such consenting lender. The Company had $576.5 million in outstanding borrowings both prior to and following the closing of Amendment No. 5. The foregoing description of the Amendment No. 5 does not purport to be complete and is”
Material Agreements

MERCURY SYSTEMS INC amended Amendment No. 5 with a syndicate of commercial banks and Bank of America, N.A acting as the administrative agent (effective 2023-11-07).

“On November 7, 2023, the Company and certain of the Company’s subsidiaries, as guarantors, entered into Amendment No. 5 (“Amendment No. 5”) to the Company’s Credit Agreement dated May 2, 2016, as amended to date”
Shareholder Votes

MERCURY SYSTEMS INC shareholders voted on To consider and act upon any other business that may properly come before the meeting or any adjournment or postponement of the meeting at the 2023-10-25 meeting.

“6. To consider and act upon any other business that may properly come before the meeting or any adjournment or postponement of the meeting: For: 7,190,153.00 Against: 45,809,951.00 Abstain: 111,665.00 Non-Votes: 1,895,771.00 Uncast 0”
Shareholder Votes

MERCURY SYSTEMS INC shareholders approved To ratify the appointment of KPMG LLP as the Company's independent registered public accounting firm for fiscal 2024 at the 2023-10-25 meeting.

“5. To ratify the appointment of KPMG LLP as the Company's independent registered public accounting firm for fiscal 2024: 2 For: 54,570,846.00 Against: 378,446.00 Abstain: 58,248.00 Non-Votes: 0 Uncast 0”
Shareholder Votes

MERCURY SYSTEMS INC shareholders approved To approve the Company's amended and restated 2018 Stock Incentive Plan at the 2023-10-25 meeting.

“4. To approve the Company's amended and restated 2018 Stock Incentive Plan: For: 48,117,614.00 Against: 4,958,109.00 Abstain: 36,046.00 Non-Votes: 1,895,771.00 Uncast 0”
Shareholder Votes

MERCURY SYSTEMS INC shareholders approved To approve, on an advisory basis, the frequency of holding future say-on-pay votes at the 2023-10-25 meeting.

“3. To approve, on an advisory basis, the frequency of holding future say-on-pay votes: One Year: 51,169,321.00 Two Years: 25,565.00 Three Years: 1,764,980.00 Abstain: 151,903.00 Non-Votes: 1,895,771.00 Uncast: 0”
Shareholder Votes

MERCURY SYSTEMS INC shareholders approved To approve, on an advisory basis, the compensation of the Company's named executive officers at the 2023-10-25 meeting.

“2. To approve, on an advisory basis, the compensation of the Company's named executive officers: For: 51,583,248.00 Against: 1,458,340.00 Abstain: 70,181.00 Non-Votes: 1,895,771.00 Uncast 0”
Shareholder Votes

MERCURY SYSTEMS INC shareholders approved To elect three Class II directors nominated by the Board of Directors, each to serve for a three-year term, and in each case until their successors have been duly elected and qualified at the 2023-10-25 meeting.

“Director Nominee For Withheld Non-Votes Uncast Gerard J. DeMuro 52,560,858.00 550,911.00 1,895,771.00 0 Roger A. Krone 52,357,474.00 754,295.00 1,895,771.00 0 Scott Ostfeld 52,429,160.00 682,609.00 1,895,771.00 0”
Earnings Releases

MERCURY SYSTEMS INC reported financial results for the fiscal year ended June 30, 2023.

“On August 15, 2023, Mercury Systems, Inc. (the “Company”) issued a press release and an earnings presentation regarding its financial results for the fourth quarter and fiscal year ended June 30, 2023.”
Earnings Releases

MERCURY SYSTEMS INC reported financial results for the fourth quarter ended June 30, 2023.

“On August 15, 2023, Mercury Systems, Inc. (the “Company”) issued a press release and an earnings presentation regarding its financial results for the fourth quarter and fiscal year ended June 30, 2023.”
Restructurings & Charges

MERCURY SYSTEMS INC announced a restructuring with charges of approximately $9 million (eliminates approximately 150 positions).

“On July 20, 2023, we announced the plan to embed the 1MPACT value creation initiatives into operations, and on August 9, 2023, we approved and initiated a workforce reduction that, together with the 1MPACT related action, eliminates approximately 150 positions, resulting in expected restructuring charges of approximately $9 million.”

William L. Ballhaus was appointed as Chairman of the Board at MERCURY SYSTEMS INC.

“Mr. Ballhaus will become the Company’s Chairman of the Board effective with the 2023 annual meeting of shareholders.”

William L. Ballhaus was appointed as President and Chief Executive Officer at MERCURY SYSTEMS INC.

“On August 15, 2023, the Company announced that William L. Ballhaus has been appointed as the Company’s President and Chief Executive Officer.”

Thomas Huber departed as Executive Vice President, Chief Transformation Officer at MERCURY SYSTEMS INC.

“With this consolidation, Thomas Huber, the Company’s Executive Vice President, Chief Transformation Officer, will leave the Company.”
Material Agreements

MERCURY SYSTEMS INC entered into Voting Agreement with JANA Partners LLC (effective 2023-07-06).

“On July 6, 2023, Mercury Systems, Inc. (the “Company”) entered into a Voting Agreement (the “Agreement”) with JANA Partners LLC (“JANA”).”

Barry R. Nearhos was appointed as Lead Independent Director at MERCURY SYSTEMS INC.

“the Board appointed Barry R. Nearhos as lead independent director of the Board as of the Effective Time”

William L. Ballhaus was appointed as Chair of the Board at MERCURY SYSTEMS INC.

“the Board has appointed William L. Ballhaus as Chair of the Board as of the Effective Time”

Mary Louise Krakauer retired as Director at MERCURY SYSTEMS INC.

“Mary Louise Krakauer informed the Board of her decision to retire from the Board as of the Effective Time”

William K. O'Brien retired as Director at MERCURY SYSTEMS INC.

“the previously disclosed retirement of William K. O'Brien from the Board immediately prior to the commencement of the 2023 Annual Meeting”

Scott Ostfeld was appointed as Director at MERCURY SYSTEMS INC.

“the Board has agreed to appoint Scott Ostfeld, Managing Partner and Portfolio Manager at JANA Partners, as a director in Class II of the Board for a term expiring at the 2023 Annual Meeting”

Michelle M. McCarthy changed role as Senior Vice President, Chief Accounting Officer at MERCURY SYSTEMS INC.

“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.”

Roger A. Krone was appointed as independent director at MERCURY SYSTEMS INC.

“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”

David E. Farnsworth was appointed as Executive Vice President, Chief Financial Officer, and Treasurer at MERCURY SYSTEMS INC.

“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.”

Gerard J. DeMuro was appointed as independent director at MERCURY SYSTEMS INC.

“The Board of Directors has appointed Gerard J. DeMuro, Co-CEO of Eve Air Mobility, as an independent director in Class II of the Board, effective June 24, 2023, for a term expiring at the 2023 annual meeting of shareholders.”

William L. Ballhaus was appointed as interim President and Chief Executive Officer at MERCURY SYSTEMS INC.

“The Board of Directors (the “Board”) of Mercury Systems, Inc. (the “Company”) has appointed William L. Ballhaus as the Company’s interim President and Chief Executive Officer effective as of June 24, 2023.”

Mark Aslett departed as member of the Board at MERCURY SYSTEMS INC.

“Mr. Aslett has been removed without cause from his position as a member of the Board effective as of June 24, 2023.”

Mark Aslett resigned as President and Chief Executive Officer at MERCURY SYSTEMS INC.

“On June 19, 2023, Mark Aslett, the Company’s President and Chief Executive Officer, delivered a letter to the Board resigning from his positions of President and Chief Executive Officer and the Board has accepted Mr. Aslett’s resignation effective as of June 24, 2023.”
Earnings Releases

MERCURY SYSTEMS INC updated its fiscal year 2023 guidance (lowered).

“We’re lowering the range for GAAP net income and adjusted EBITDA by $34 million and $44 million at the midpoint.”
Earnings Releases

MERCURY SYSTEMS INC reported third quarter of fiscal 2023 ended March 31, 2023 results: revenue $263.5 million, net income $5.2 million, EPS $0.09 per share.

“Total Company third quarter fiscal 2023 revenues were $263.5 million, compared to $253.1 million in the third quarter of fiscal 2022. Total Company G AAP net income for the third quarter of fiscal 2023 was $5.2 million, or $0.09 per share, compared to $4.1 million, or $0.07 per share, for the third quarter of fiscal 2022.”
Earnings Releases

MERCURY SYSTEMS INC updated its fiscal year 2023 guidance (reaffirmed).

“we’re maintaining our full-year guidance for revenue and adjusted EBITDA.”

Michelle M. McCarthy was appointed as interim Chief Financial Officer and Treasurer at MERCURY SYSTEMS INC.

“The Company’s Board of Directors has appointed Michelle M. McCarthy as the Company’s interim Chief Financial Officer and Treasurer effective February 17, 2023, in addition to her current duties as the Company’s Senior Vice President, Chief Accounting Officer.”

Michael D. Ruppert departed as Executive Vice President, Chief Financial Officer, and Treasurer at MERCURY SYSTEMS INC.

“On January 25, 2023, Michael D. Ruppert, the Company’s Executive Vice President, Chief Financial Officer, and Treasurer informed the Company that he will be departing on February 17, 2023.”
Earnings Releases

MERCURY SYSTEMS INC reported first quarter of fiscal 2023 results: revenue $227.6 million, net income $(14.3) million, or $0.26 per share, EPS $0.24 per share (adjusted). Guidance raised.

“Total Company first quarter fiscal 2023 revenues were $227.6 million, compared to $225.0 million in the first quarter of fiscal 2022.”
Shareholder Votes

MERCURY SYSTEMS INC shareholders rejected To consider and act upon any other business that may properly come before the meeting or any adjournment or postponement of the meeting at the 2022-10-26 meeting.

“5. To consider and act upon any other business that may properly come before the meeting or any adjournment or postponement of the meeting: For: 2,255,360 Against: 48,986,666 Abstain: 61,558 Non-Votes: 1,840,328 Uncast 0”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.