Welcome to our dedicated page for Mercury Sys SEC filings (Ticker: MRCY), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Mercury Systems Inc. filings document the regulatory record for a Massachusetts aerospace and defense technology company listed on Nasdaq under MRCY. Recent Form 8-K reports furnish earnings releases and presentations for quarterly and fiscal results, including GAAP operating measures and non-GAAP measures such as adjusted EBITDA, adjusted income, adjusted EPS, and free cash flow.
The company’s filings also record material financing and governance matters. Disclosures include amendments to its credit agreement and revolving credit facility, borrowing capacity, maturity, leverage-ratio provisions, and related covenant terms. Proxy and annual meeting filings cover director elections, executive compensation, shareholder voting results, long-term incentive plan approval, and other board and compensation governance items.
Mercury Systems (MRCY) amended its credit agreement and authorized a share repurchase program. The company entered Amendment No. 7, establishing a new five-year revolving credit facility with $850.0 million in commitments maturing on November 4, 2030, and terminating the prior $900.0 million revolver. Wells Fargo becomes administrative agent, succeeding Bank of America.
Key terms include removing credit spread adjustments, increasing unrestricted cash netting in leverage calculations to $225.0 million, updating the definition of consolidated EBITDA, permitting up to $100.0 million in receivables factoring, and adding a springing senior secured net leverage covenant triggered by issuance of at least $350.0 million of convertible or senior unsecured debt. Borrowings outstanding were $591.5 million both before and after closing. The Board separately authorized repurchases of up to $200.0 million of common stock with no expiration, via open market or privately negotiated transactions.
Mercury Systems (MRCY) reported results of its 2025 Annual Meeting. Shareholders elected Class I directors William L. Ballhaus, Lisa S. Disbrow, and Howard L. Lance for three-year terms, and elected Jean Bua as a Class II director for a one-year term. The advisory vote on executive compensation passed, and the 2025 Long Term Incentive Plan was approved.
Auditor KPMG LLP was ratified. Following the meeting, the Board named William L. Ballhaus as Chairman and Barry R. Nearhos as Lead Independent Director, and set committee memberships for the coming year, including Barry R. Nearhos (Audit Chair), Lisa S. Disbrow (Government Relations Chair), Howard L. Lance (Human Capital and Compensation Chair), Orlando P. Carvalho (M&A and Finance Chair), and Barry R. Nearhos (Nominating and Governance Chair).
Mercury Systems (MRCY) reported a director’s acquisition of 2,362 deferred stock units (recorded as common stock with footnote) at $0 on 10/22/2025. Following the transaction, the director beneficially owns 7,815 shares directly.
The filing notes these are deferred stock units (DSUs) that vest on the earlier of the first anniversary of the grant date or the next annual meeting of shareholders. Vested DSUs convert into common stock only when the director ceases to serve on the Board.
Mercury Systems (MRCY): JANA Partners Management, LP filed a Form 4 reporting the acquisition of 2,362 shares of common stock on 10/22/2025 at a price of $0, recorded as director compensation via deferred stock units (DSUs). Following the transaction, 5,966,675 shares are reported as indirectly beneficially owned. The DSUs vest on the earlier of the first anniversary of the grant date or the next annual meeting of shareholders, and convert into common stock only when Scott Ostfeld ceases to serve on the board.
Mercury Systems (MRCY) reported a director acquisition of equity under a routine compensation grant. On 10/22/2025, the director acquired 2,362 deferred stock units (DSUs) at $0.
The DSUs vest on the earlier of the first anniversary of the grant date or the next annual meeting of shareholders, and convert into common stock only when the director leaves the Board. Following the transaction, the director’s beneficial ownership was 18,533 shares, held directly.
Mercury Systems (MRCY) reported an insider transaction on 10/22/2025. A director acquired 2,362 deferred stock units (DSUs) at a price of $0.
The DSUs vest on the earlier of the first anniversary of the grant date and the next annual meeting of shareholders, and they convert into common stock only when the director ceases to serve on the Board. After the grant, the reporting person beneficially owned 17,481 shares, held directly.
Mercury Systems (MRCY) reported a director’s equity award on Form 4. On 10/22/2025, the director acquired 2,362 deferred stock units (DSUs) at $0 per unit.
Following this transaction, the director beneficially owns 30,605 shares directly, plus 3,500 shares indirectly through a spouse. The DSUs vest on the earlier of the first anniversary of the grant date or the next annual meeting of shareholders and convert into common stock when the director leaves the Board.
Mercury Systems (MRCY) reported an insider equity grant. A company director acquired 2,362 shares of common stock on 10/22/2025 at $0, recorded as restricted stock units that vest on the earlier of the first anniversary of the grant date and the next annual meeting of shareholders.
Following the transaction, the director’s beneficial ownership stands at 32,104 shares held directly and 9,250 shares held indirectly through The Howard L. Lance Revocable Living Trust dated 9/1/2006.
Mercury Systems (MRCY) reported a director equity grant. On 10/22/2025, a director acquired 2,362 shares reported as restricted stock units, recorded at a price of $0. Following this award, the director beneficially owned 59,448 shares, held directly.
The filing states the restricted stock units vest on the earlier of the first anniversary of the grant date and the next annual meeting of shareholders. This is a routine equity compensation update for board service and does not reflect an open-market purchase or sale.
Mercury Systems (MRCY) reported a director equity award on 10/22/2025. The insider acquired 2,362 shares of common stock via restricted stock units at $0.
Following the transaction, the director directly owns 31,236 shares. The filing states these RSUs vest on the earlier of the first anniversary of the grant date and the next annual meeting of shareholders.