secwatch / observer

V2X, Inc. — fact timeline

Source-grounded facts extracted from V2X, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

VVX V2X, Inc. JSON
Debt Financings

V2X, Inc. incurred term loan of aggregate original principal amount of $868,522,978.38 with Royal Bank of Canada (as administrative agent) at SOFR plus a margin of 2.00% per annum (SOFR with respect to the New Term Loans s maturing December 6, 2030.

“The Amendment provides for, among other things, a new tranche of term loans under the Credit Agreement in an aggregate original principal amount of $868,522,978.38 (the “New Term Loans”), which New Term Loans replace or refinance in full all of the existing term loans outstanding under the Credit Agreement (as in effect immediately prior to the Amendment), as further set forth in the Amendment. The New Term Loans mature on December 6, 2030.”
Material Agreements

V2X, Inc. amended Amendment No. 6 to First Lien Credit Agreement with Royal Bank of Canada valued at $868,522,978.38 (effective 2026-05-29).

“entered into Amendment No. 6 to First Lien Credit Agreement, dated as of May 29, 2026 (the “Amendment”), with Royal Bank of Canada, as administrative agent and collateral agent, and the other financial institutions and lenders party thereto”
Shareholder Votes

V2X, Inc. shareholders approved Advisory approval of compensation of named executive officers for fiscal year 2025.

“3. Approval, on an advisory basis, of the compensation of the Company’s named executive officers in fiscal year 2025 by the following vote: For Against Abstain Broker Non-Votes 27,646,063 239,644 147,077 1,431,946”
Shareholder Votes

V2X, Inc. shareholders approved Ratification of appointment of RSM US LLP as independent registered public accounting firm for fiscal year 2026.

“2. Ratification of the appointment of RSM US LLP as the Company’s independent registered public accounting firm for fiscal year 2026 was approved by the following vote: For Against Abstain 29,441,872 14,187 8,671”
Shareholder Votes

V2X, Inc. shareholders approved Election of Class III Directors for terms of three years to expire at the 2029 Annual Meeting.

“1. Election of each of the persons named below as Class III Directors for terms of three years to expire at the 2029 Annual Meeting of Shareholders, or until their successors are elected and qualified, by the following vote: Class III Directors For Against Abstain Broker Non-Votes Melvin F. Parker 26,771,119 1,255,126 6,539 1,431,946 Ross S. Niebergall 27,563,152 463,991 5,641 1,431,946 Jeremy C. Wensinger 27,369,904 656,217 6,663 1,431,946”

Steven L. Waechter departed as Class III Director at V2X, Inc..

“At the 2026 Annual Meeting of Shareholders (the “2026 Annual Meeting”) of V2X, Inc. (the “Company”) held on May 7, 2026, the term of Steven L. Waechter, age 76, as a Class III director of the Board of Directors of the Company (the “Board”) ended.”
Earnings Releases

V2X, Inc. updated its Full Year 2026 guidance (raised).

“Increasing 2026 Guidance  Increasing full-year 2026 guidance with 9% revenue and adjusted EBITDA1 growth at the midpoint”
Earnings Releases

V2X, Inc. reported First Quarter 2026 results: revenue 1.25 billion, net income 18.9 million, EPS 0.60.

“Revenue of $1.25 billion, up 23% year-over-year  Net income of $18.9 million; Adjusted net income1 of $48.1 million, up 53% year-over-year  Adjusted EBITDA1 of $85.6 million; Adjusted EBITDA1 margin of 6.8%  Diluted EPS of $0.60; Adjusted diluted EPS1 of $1.53, up 55% year-over-year  Record backlog1 of $13.8 billion, driven by 3.2x book-to-bill1 in the quarter”
Debt Financings

V2X, Inc. incurred revolving credit of $500,000,000.00 with Bank of America, N.A., as administrative agent at SOFR plus a margin of 2.00% per annum (subject to a SOFR floor of 0.00%) or a ba maturing March 31, 2030.

“The Amendment further provides for a new tranche of revolving credit commitments under the Credit Agreement in an aggregate original principal amount of $500,000,000.00 (the "New Revolving Credit Commitments")”
Debt Financings

V2X, Inc. incurred term loan of $237,500,000.00 with Bank of America, N.A., as administrative agent at SOFR plus a margin of 2.00% per annum (subject to a SOFR floor of 0.00%) or a ba maturing March 31, 2030.

“The Amendment provides for, among other things, a new tranche of term loans under the Credit Agreement in an aggregate original principal amount of $237,500,000.00 (the "New Term Loans")”

Charles L. Prow resigned as Class I Director at V2X, Inc..

“On June 6, 2024, Mr. Charles “Chuck” L. Prow resigned from his position as a Class I Director of the Company’s Board of Directors, effective June 16, 2024.”

Charles Prow departed as President, Chief Executive Officer at V2X, Inc..

“Departure of Charles Prow as President, Chief Executive Officer On May 9, 2024, Mr. Prow was separated as President and CEO of the Company, effective June 17, 2024.”

Jeremy Wensinger was appointed as President, Chief Executive Officer at V2X, Inc..

“On May 13, 2024, the Board of Directors (the “Board”) of V2X, Inc. (the “Company”) announced the appointment of Mr. Jeremy Wensinger as President, Chief Executive Officer (“CEO”), and a Class III Director of the Board, effective June 17, 2024.”
Shareholder Votes

V2X, Inc. shareholders approved Approval, on an advisory basis, of the compensation of the Company's named executive officers at the 2024-05-09 meeting.

“3. Approval, on an advisory basis, of the compensation of the Company’s named executive officers by the following vote. For Against Abstain Broker Non-Votes 29,026,930 130,025 116,442 1,175,932”
Shareholder Votes

V2X, Inc. shareholders approved Ratification of appointment of RSM US LLP as the independent registered public accounting firm for 2024 at the 2024-05-09 meeting.

“2. Ratification of appointment of RSM US LLP as the independent registered public accounting firm for 2024 was approved by the following vote. For Against Abstain 30,425,137 13,742 10,450”
Shareholder Votes

V2X, Inc. shareholders approved Election of Class I Directors at the 2024-05-09 meeting.

“1. Election of each of the persons named below as Class I Directors for a term of three years to expire at the 2027 Annual Meeting of Shareholders, or until their successors are elected and qualified, by the following vote. Class I Directors For Against Abstain Broker Non-Votes Dino M. Cusumano 26,033,764 3,217,610 22,023 1,175,932 Lee E. Evangelakos 24,665,115 4,603,867 4,415 1,175,932 Charles L. Prow 21,139,534 8,053,585 80,278 1,175,932 Phillip C. Widman 27,998,341 1,265,253 9,803 1,175,932”
Earnings Releases

V2X, Inc. reported the first quarter of 2024 results: revenue $1.01 billion, net income $1.1 million, EPS $0.04. Guidance reaffirmed.

“in such filing. --- EX-99.1 (EX-99.1) --- q12024pressrelease_vf 1 PRESS RELEASE V2X Delivers Solid First Quarter Results First Quarter 2024 Summary • Revenue up 7.1% y/y to $1.01 billion • Operating income of $30.3 million; adjusted operating income1 of $62.9 million • Net income of $1.1 million, up $18.6 million y/y • Adjusted EBITDA1 of $69.1 million with a”
Earnings Releases

V2X, Inc. updated its the fourth quarter and full year ending December 31, 2023 guidance (initiated).

“Attached hereto as Exhibit 99.1 and incorporated by reference herein is a press release issued by V2X, Inc. (the “Company”) on March 5, 2024 that includes financial information for the Company for the fourth quarter and full year ending December 31, 2023 and guidance for fiscal 2024.”

William W. Beard retired as Senior Vice President, Aerospace Solutions at V2X, Inc..

“On January 15, 2024, V2X, Inc. (the “Company”) announced that William W. Beard, the Company’s Senior Vice President, Aerospace Solutions has retired from the Company effective January 12, 2024.”
Earnings Releases

V2X, Inc. reported third quarter of 2023 results: revenue $1.0 billion, EPS Diluted EPS of ($0.21); Adjusted diluted EPS of $0.73.

“99.1 PRESS RELEASE CONTACT: V2X, Inc. Mike Smith, CFA 719-637-5773 ir@gov2x.com V2X Announces Third Quarter 2023 Results Third Quarter 2023 Summary • Reported record revenues of $1.0 billion, up 5% y/y • Awarded bookings of $1.3 billion, increasing backlog to a record high of $13.3 billion • Reported operating income of $21.0 million; adjusted operating income1 of”
Debt Financings

V2X, Inc. incurred term loan of $911,125,000 with Royal Bank of Canada, as administrative agent and collateral agent, and the other financial institutions and lenders party thereto at SOFR plus a margin of 3.25% per annum maturing December 6, 2028.

“The Amendment provides for, among other things, a new tranche of term loans under the Credit Agreement in an aggregate original principal amount of $911,125,000 (the “New Term Loans”), which New Term Loans replace or refinance in full all of the existing term loans outstanding under the Credit Agreement (as in effect immediately prior to the Amendment), as further set forth in the Amendment.”
Material Agreements

V2X, Inc. amended Amendment No. 3 to First Lien Credit Agreement with Royal Bank of Canada valued at $911,125,000 (effective 2023-10-03).

“On October 3, 2023, Vertex Aerospace Intermediate LLC, a Delaware limited liability company (“Holdings”), and Vertex Aerospace Services Corp., a Delaware corporation (the “Borrower”), an indirect, wholly owned subsidiary of V2X, Inc., and certain wholly-owned subsidiaries of the Borrower party thereto from time to time, entered into Amendment No. 3 to First Lien Credit Agreement, dated as of October 3, 2023 (the “Amendment”), with Royal Bank of Canada, as administrative agent and collateral agent, and the other financial institutions and lenders party thereto”

Susan D. Lynch retired as Chief Financial Officer at V2X, Inc..

“On October 2, 2023, V2X, Inc. (the “Company”) announced the appointment of Mr. Shawn Mural, age 53, as its new Senior Vice President and Chief Financial Officer to replace Ms. Susan D. Lynch, who retired from the Company on September 28, 2023.”

Shawn Mural was appointed as Senior Vice President and Chief Financial Officer at V2X, Inc..

“On October 2, 2023, V2X, Inc. (the “Company”) announced the appointment of Mr. Shawn Mural, age 53, as its new Senior Vice President and Chief Financial Officer to replace Ms. Susan D. Lynch, who retired from the Company on September 28, 2023.”
Earnings Releases

V2X, Inc. updated its fiscal 2023 guidance (raised).

“2023 Guidance: • Increasing mid-point of 2023 revenue, adjusted EBITDA1, and adjusted diluted EPS1 guidance”
Earnings Releases

V2X, Inc. reported second quarter 2023 results: revenue $977.9 million, EPS $0.06.

“Second Quarter 2023 Highlights: • Revenue of $977.9 million, up 10.2% y/y on a pro forma basis • Awarded significant bookings of $2.1 billion, driving backlog +10% sequentially to $13.0 billion • Reported operating income of $34.3 million; adjusted operating income1 of $70.5 million • Adjusted EBITDA1 of $76.4 million with a margin1 of 7.8% • Diluted EPS of $0.06; adjusted diluted EPS1 of $1.01 • Improved net debt to EBITDA1 leverage ratio ~0.4x to 3.48x”
Earnings Releases

V2X, Inc. reported first quarter 2023 results: revenue $943.5 million, EPS Diluted EPS of ($0.57). Guidance reaffirmed.

“99.1 PRESS RELEASE CONTACT: V2X, Inc. Mike Smith, CFA 719-637-5773 ir@gov2x.com V2X Announces Strong First Quarter 2023 Results First Quarter 2023 Highlights: • Revenue of $943.5 million, up 12.0% y/y on a pro forma basis • Continued expansion in the Pacific driving strong revenue growth of ~300% y/y • Awarded new contracts valued at ~$600 million and secured”
Shareholder Votes

V2X, Inc. shareholders approved Approval, on an advisory basis, of the compensation of the Company's named executive officers at the 2023-05-04 meeting.

“3. Approval, on an advisory basis, of the compensation of the Company's named executive officers by the following vote. For Against Abstain Broker Non-Votes 26,766,126 1,966,013 106,525 1,348,589”
Shareholder Votes

V2X, Inc. shareholders approved Ratification of appointment of RSM US LLP as the independent registered public accounting firm for 2023 at the 2023-05-04 meeting.

“2. Ratification of appointment of RSM US LLP as the independent registered public accounting firm for 2023 was approved by the following vote. For Against Abstain 30,166,253 13,282 7,718”
Shareholder Votes

V2X, Inc. shareholders approved Election of Class III Directors at the 2023-05-04 meeting.

“1. Election of each of the persons named below as Class III Directors for a term of three years to expire at the 2026 Annual Meeting of Shareholders, or until their successors are elected and qualified, by the following vote. Class III Directors For Against Abstain Broker Non-Votes John "Ed" Boyington, Jr. 25,398,387 3,435,820 4,457 1,348,589 Melvin F. Parker 26,809,523 2,024,197 4,944 1,348,589 Stephen L. Waechter 27,699,951 1,133,793 4,920 1,348,589”

Abbas Elegba was appointed as Director at V2X, Inc..

“On May 8, 2023, in accordance with the terms of the Shareholders Agreement and at the request of Vertex Holdco, the Board appointed Mr. Elegba as a Class III Director to fill the vacancy on the Board created by reason of Mr. Boyington’s resignation for a term expiring at the 2026 Annual Meeting of Shareholders.”

John "Ed" Boyington Jr. resigned as Director at V2X, Inc..

“Mr. John “Ed” Boyington, Jr. submitted to the Company’s Board of Directors (the “Board”) notice of his resignation from his position as a Class III Director of the Board and as member of its Strategy Committee, effective May 5, 2023.”
Debt Financings

V2X, Inc. incurred revolving credit of $500 million with Bank of America, N.A. at Loans under the Credit Facilities will bear interest at a floating rate, which i maturing February 28, 2028.

“(the “Company”), entered into a credit agreement (the “Credit Agreement”) among the Borrower, Vertex Aerospace Intermediate LLC (“Holdings”), the lenders identified therein and Bank of America, N.A., as administrative agent, collateral agent, swingline lender and letter of credit issuer.”
Debt Financings

V2X, Inc. incurred term loan of $250 million with Bank of America, N.A. at Loans under the Credit Facilities will bear interest at a floating rate, which i maturing February 28, 2028.

“(the “Company”), entered into a credit agreement (the “Credit Agreement”) among the Borrower, Vertex Aerospace Intermediate LLC (“Holdings”), the lenders identified therein and Bank of America, N.A., as administrative agent, collateral agent, swingline lender and letter of credit issuer.”
Material Agreements

V2X, Inc. entered into Credit Agreement with Bank of America, N.A., as administrative agent, and the lenders identified therein valued at $250 million term loan A facility and a $500 million revolving credit facility (effective 2023-02-28).

“On February 28, 2023 (the “Closing Date”), Vertex Aerospace Services Corp. (the “Borrower”), an indirect, wholly owned subsidiary of V2X, Inc. (the “Company”), entered into a credit agreement (the “Credit Agreement”) among the Borrower, Vertex Aerospace Intermediate LLC (“Holdings”), the lenders identified therein and Bank of America, N.A., as administrative agent, collateral agent, swingline lender and letter of credit issuer. The Credit Agreement provides for a $250 million term loan A facility and a $500 million revolving credit facility (collectively, the “Credit Facilities”).”
Earnings Releases

V2X, Inc. updated its fiscal 2023 guidance (initiated).

“Establishing full-year 2023 guidance with revenue growth of 5% and adjusted EBITDA1 growth of 8% at the mid-point”
Earnings Releases

V2X, Inc. reported the fiscal year ended December 31, 2022 results: revenue $2.891 billion.

“Full-year revenue was $2.891 billion and pro forma revenue was $3.670 billion, up 8.8% pro forma year-on-year. The Company reported full-year operating income of $55.8 million and adjusted operating”
Earnings Releases

V2X, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $978.2 million, EPS ($0.35).

“Fourth Quarter 2022 Results • Revenue of $978.2 million, up 20% y/y on a pro forma basis • Operating income of $31.0 million, including merger and integration related costs of $23.4 million and amortization of acquired intangible assets of $20.1 million • Adjusted operating income1 of $74.5 million • Adjusted EBITDA1 of $79.3 million with an 8.1% adjusted EBITDA margin1 • Diluted EPS of ($0.35) including merger and integration related costs • Adjusted diluted EPS1 of $0.92”
Earnings Releases

V2X, Inc. updated its fiscal 2022 guidance (raised).

“Given our current momentum, significant progress on integration, and third quarter performance, we are increasing the mid-point of the second half 2022 guidance for revenue, adjusted EBITDA1 and adjusted operating cash flow1.”
Earnings Releases

V2X, Inc. reported third quarter of 2022 results: revenue $958.2 million, EPS ($0.56).

“Third quarter 2022 revenue of $958.2 million; Pro forma revenue of $961.3 million • Operating income of $4.5 million, or 0.5% margin, including Merger and integration related costs of $44.9 million and amortization of acquired intangible assets of $24.2 million • Adjusted operating income1 of $73.6 million or 7.7% adjusted operating margin1 • Adjusted EBITDA1 for the quarter of $79.0 million with an 8.2% adjusted EBITDA margin1 • Diluted EPS for the third quarter of 2022 of ($0.56) and includes Merger and integration related costs • Adjusted diluted EPS1 of $1.33 in the quarter • Operating cash flow for the quarter of $80.1 million • Adjusted operating cash flow1 for the quarter of $121.2 million (excluding Merger related payments) • Net debt on September 30, 2022, of $1,220.7 million, representing an $87 million decrease from the closing on July 5, 2022 • The Company was undrawn on its revolver at quarter end • Total backlog as of September 30, 2022 of $12.7 billion”
Shareholder Votes

V2X, Inc. shareholders approved Approval of the second amendment and restatement of the V2X, Inc. 2014 Omnibus Incentive Plan at the 2022-10-27 meeting.

“Approval of the second amendment and restatement of the V2X, Inc. 2014 Omnibus Incentive Plan by the following vote.”
Shareholder Votes

V2X, Inc. shareholders approved Advisory approval of the compensation of the Company’s named executive officers at the 2022-10-27 meeting.

“Approval, on an advisory basis, of the compensation of the Company’s named executive officers by the following vote.”
Shareholder Votes

V2X, Inc. shareholders approved Ratification of appointment of RSM US LLP as the independent registered public accounting firm for 2022 at the 2022-10-27 meeting.

“Ratification of appointment of RSM US LLP as the independent registered public accounting firm for 2022 was approved by the following vote.”
Shareholder Votes

V2X, Inc. shareholders approved Election of Class II Directors for a term of three years to expire at the 2025 Annual Meeting at the 2022-10-27 meeting.

“Election of each of the persons named below as Class II Directors for a term of three years to expire at the 2025 Annual Meeting of Shareholders, or until their successors are elected and qualified, by the following vote.”

Bradford Boston was appointed as non-voting advisor at V2X, Inc..

“The Company also exercised its right, pursuant to Section 1.07 of the Merger Agreement, to appoint Bradford Boston as a non-voting advisor to the board.”

Phillip C. Widman was appointed as Director at V2X, Inc..

“five of whom were appointed by the Company (including Mary L. Howell, Melvin F. Parker, Eric M. Pillmore, Stephan L. Waechter and Phillip C. Widman)”

Stephan L. Waechter was appointed as Director at V2X, Inc..

“five of whom were appointed by the Company (including Mary L. Howell, Melvin F. Parker, Eric M. Pillmore, Stephan L. Waechter and Phillip C. Widman)”

Eric M. Pillmore was appointed as Director at V2X, Inc..

“five of whom were appointed by the Company (including Mary L. Howell, Melvin F. Parker, Eric M. Pillmore, Stephan L. Waechter and Phillip C. Widman)”

Melvin F. Parker was appointed as Director at V2X, Inc..

“five of whom were appointed by the Company (including Mary L. Howell, Melvin F. Parker, Eric M. Pillmore, Stephan L. Waechter and Phillip C. Widman)”

Mary L. Howell was appointed as Director at V2X, Inc..

“five of whom were appointed by the Company (including Mary L. Howell, Melvin F. Parker, Eric M. Pillmore, Stephan L. Waechter and Phillip C. Widman)”

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.