V2X Inc. filed SEC Form 8-K: Leadership Update
$VVX
Diversified Commercial Services
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of report (Date of earliest event reported): August 13, 2025
(Exact Name of Registrant as Specified in Its Charter)
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignations of Jordan F. Ransom and Lee E. Evangelakos as Members of the Board of Directors
In connection with the sale of shares of the common stock of V2X, Inc. (“V2X” or the “Company”) by Vertex Aerospace Holdco LLC (“Vertex Aerospace”) on August 11, 2025, and pursuant to a Shareholders Agreement between Vertex Aerospace and the Company (the “Shareholders Agreement”), two directors designated by Vertex Aerospace are obligated to tender their resignation from the Board of Directors of V2X effective no later than V2X’s 2026 Annual Meeting of Shareholders (the “2026 Annual Meeting”) and Vertex Aerospace may only designate one director to serve on each committee of the Board of Directors of V2X.
On August 13, 2025, Mr. Jordan F. Ransom and Ms. Lee E. Evangelakos tendered their resignations, and the Company’s Board of Directors accepted such tender, in each case, from their positions on the Company’s Board of Directors as a Class III Director and Class I Director, respectively, effective August 14, 2025. The resignations of Mr. Jordan and Ms. Evangelakos as members of the Board are not a result of any disagreement with the Company on any matter relating to its operations, policies or practices.
In connection with such resignations, the Board, pursuant to the consent required in the Shareholders Agreement and provided by Vertex Aerospace, reduced the size of the Board from 11 directors to 10 directors effective August 14, 2025.
Appointment of David Farnsworth as a Member of the Board of Directors
On August 14, 2025, the Board of Directors (the “Board”) of V2X, upon recommendation by the Nominating and Governance Committee of the Board, elected and appointed David E. Farnsworth to fulfill the remainder of Ms. Evangelakos’s term as a Class I Director to serve until the 2027 Annual Meeting or until his successor is duly elected and qualified or until his earlier death, resignation or removal. The Board also appointed Mr. Farnsworth as a member of the Audit Committee and as a member of the Nominating and Governance Committee. Mr. Farnsworth has been designated as a financial expert by the Board.
Mr. Farnsworth, age 65, has served as the Chief Financial Officer of Mercury Systems, Inc., an aerospace and defense company, since 2023. He previously served as Chief Financial Officer of HawkEye 360, a radio frequency data analytics company from 2020 to 2023. Prior to that, Mr. Farnsworth held several roles within Raytheon Company, an aerospace and defense company, including as Vice President and Chief Financial Officer of its Integrated Defense Systems business from 2018 to 2020; Chief Financial Officer of its Intelligence, Information and Services segment from 2015 to 2018; and Chief Financial Officer of its Technical Services business from 2008 to 2013. Mr. Farnsworth currently serves on the board of Merrimack Valley Credit Union, a state-chartered community credit union, and on the board of USA Diving, the national governing body for the sport of diving. He previously served on the board of Thales-Raytheon Systems Company, an aerospace and defense company. Mr. Farnsworth holds a Bachelor’s degree from the Wharton School at the University of Pennsylvania and a Master’s degree in Business Administration from Boston University. On March 18, 2025, the Board of Directors of the Company appointed Mr. Farnsworth as a non-voting advisor and observer to the Board pursuant to a Board Advisor Agreement, where he has been attending Board and Committee meetings and pursuant to which, he was appointed to the Board.
As a newly appointed director of the Company, Mr. Farnsworth is eligible to participate in the Company’s director compensation program as approved by the Compensation and Human Capital Committee, which will consist of an annual cash retainer of $105,000 and an annual award of restricted stock units with a value of $165,000, each prorated for the partial year of service. In addition, Mr. Farnsworth has entered into the Company’s form of director indemnification agreement. With his appointment to the Board, any compensation Mr. Farnsworth was receiving pursuant to his Board Advisor Agreement ceases.
Board Committee Changes
On August 14, 2025, in addition to appointing Mr. Farnsworth as a member of the Audit Committee and the Nominating and Governance Committee to replace Ms. Evangelakos, the Board removed Stephen L. Waechter from the Audit Committee and appointed him as a member of the Compensation and Human Capital Committee to replace Neil D. Snyder who will no longer serve on the Compensation and Human Capital Committee.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: August 14, 2025 | V2X, INC. | |||||||
| By: | /s/ Sarita B. Malakar | |||||||
| Sarita B. Malakar | ||||||||
| Corporate Secretary | ||||||||