V2X Inc.
11/06/2025 | Press release | Distributed by Public on 11/06/2025 15:50
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of Chief Accounting Officer
V2X, Inc. (the "Company") in its most recent Form 10-Q, filed with the Securities and Exchange Commission on November 3, 2025, reported that it has appointed Mr. Daniel G. Demases as its new Chief Accounting Officer to replace Mr. William B. Noon, effective on December 5, 2025.
On November 6, 2025, the Company entered into an offer letter (the "Offer Letter") with Mr. Demases, pursuant to which, among other things, Mr. Demases will receive an annual base salary of $335,500 and will be eligible to receive an annual short-term cash incentive award with a target award equal to 45% of his base salary and a maximum award of 90% of his base salary based on company and individual performance. In addition, Mr. Demases will participate in the Company's annual long-term incentive award program. For calendar 2026, Mr. Demases will be recommended for a target award valued at $180,000, 50% in the form of time-vesting restricted stock units and 50% in the form of performance stock units. Mr. Demases will be covered under the V2X, Inc. Senior Executive Severance Pay Plan and will continue to be eligible to participate in the Company's benefit plans and paid-time off program.
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