Nov 3, 4:01 PM ET
At its October 28, 2026 annual meeting, Mercury Systems shareholders elected Jean Bua, Gerard J. DeMuro, and Scott Ostfeld as Class II directors for three-year terms ending in 2029, and approved an advisory say-on-pay vote and the ratification of KPMG LLP as auditor for fiscal 2027. The board also elected William L. Ballhaus as Chairman and Barry R. Nearhos as Lead Independent Director, and set its committee assignments for the coming year.
- Director votes for: Bua 50,797,517; DeMuro 50,807,272; Ostfeld 49,338,401, with Ostfeld also receiving 6,702,156 withheld votes
- Advisory say-on-pay vote: 49,014,946 for and 7,002,993 against
- KPMG LLP ratified for fiscal 2027: 56,919,146 for and 1,168,395 against
- Board on October 28, 2026 named William L. Ballhaus Chairman and Barry R. Nearhos Lead Independent Director
Read the filing on SEC.gov ↗
Sep 16, 8:05 AM ET
Mercury Systems said its independent directors approved Amendment No. 2 extending Chairman and CEO William L. Ballhaus's employment agreement to August 15, 2030, with the rest of the agreement unchanged. The company also reaffirmed the financial guidance it gave on its August 18, 2026 earnings call. The filing contains no new financial results or revised guidance, so the update mainly signals leadership continuity for shareholders.
- Board approved Amendment No. 2 on September 15, 2026, extending the initial term to August 15, 2030
- Ballhaus has served as Chairman and CEO for three years, according to the press release
- Company reaffirmed financial guidance first provided on its August 18, 2026 earnings call
- Press release issued September 16, 2026 and furnished, not filed, under Item 7.01
Read the filing on SEC.gov ↗
Aug 18, 4:01 PM ET
Mercury Systems reported fourth-quarter and fiscal 2026 results for the period ended July 3, 2026. Revenue grew, and bookings and backlog hit company records, but fourth-quarter GAAP net income fell to $1 million from $16 million a year earlier, and management said it is increasing its organic growth outlook without giving new figures.
- Q4 fiscal 2026 revenue was $290 million, up from $273 million; bookings were $660 million, up 93.1%
- Q4 GAAP diluted EPS was $0.01 versus $0.27 a year earlier; adjusted EBITDA was $49 million versus $51 million
- Full-year revenue rose to $984 million from $912 million; GAAP net loss narrowed to $30 million ($0.50 per share) from $38 million
- Backlog exceeded $1.9 billion, up 38.4% year over year; management said it is increasing its outlook for organic growth
Read the filing on SEC.gov ↗
May 5, 4:00 PM ET
Mercury Systems reported third-quarter fiscal 2026 results, with revenue rising 11.5% to $236 million and the GAAP net loss narrowing to $3 million from $19 million a year earlier. Record bookings of $348 million and a backlog of approximately $1.6 billion point to continued demand, though free cash flow was negative at $(2) million for the quarter.
- Revenue of $236 million for the quarter ended March 27, 2026, up from $211 million a year earlier
- Bookings of $348 million, a book-to-bill ratio of 1.48, and backlog of approximately $1.6 billion, up approximately $240 million year over year
- GAAP net loss of $3 million, or $0.04 per share, compared with a net loss of $19 million, or $0.33 per share, a year earlier
- Adjusted EBITDA of $36 million, up from $25 million, while free cash flow was $(2) million versus $24 million a year earlier
Read the filing on SEC.gov ↗
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