Company: MRCY
Filing Date: 2025-09-10
Form Type: DEF 14A
Source: 0001049521-25-000029
Chunk: 51

Company: MERCURY SYSTEMS INC
Filing Date: 2025-09-10
Form: DEF 14A
Chunk 51
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 and Chief Operating Officer            |

(1) Mr. Wells resigned from Mercury effective April 4, 2025.

### Company Background
Mercury is a technology company that delivers mission-critical processing power to the edge — where signals and data are collected — to solve the most pressing aerospace and defense challenges. Mercury's products and solutions are deployed in more than 300 programs and across 35 countries. The Mercury Processing Platform is the unique advantage we provide to our customers. It comprises the innovative technologies we've developed and acquired for more than 40 years that bring integrated, mission-critical processing to the edge. Our processing platform spans the full breadth of signal processing — from radio frequency front end to the human-machine interface — to rapidly convert meaningful data, gathered in the most remote and hostile environments, into critical decisions. It allows us to offer standard products and custom solutions from silicon to system scale, including components, modules, subsystems, and systems, and it embodies the customer-centric approach we take to delivering capabilities that are mission-ready, trusted and secure, software-defined, and open and modular.

#### Our Strategic Transformation
Beginning with the appointment of our current CEO at the start of fiscal 2024, we have transformed our executive management team, corporate structure and business strategy to address historical challenges to our operations and financial performance and drive our future success.

• We reduced the size of our executive leadership team ("ELT") from ten to four officers to enable faster decision-making and efficiency, clearer governance and accountability, and unified alignment with our strategic priorities. During fiscal 2025, this included the elimination of the Chief Operating Officer role, resulting in all of our business and functional leaders reporting directly to our CEO and in our CFO assuming expanded responsibilities described in "—Long Term Incentives—Annual Long-Term Incentive Awards Granted to Named Executive Officers in Fiscal 2025." The members of our transformed ELT—all of whom joined Mercury in or after 2022—bring a fresh perspective that has enhanced our strategic planning and strengthened the consistency of our business execution.

• We streamlined our organizational structure, consolidating our operations into a single business organization to simplify our operations and drive significant cost savings.

• We developed and implemented a new business strategy focused on four priority areas designed to unlock our intrinsic value and enable reinvestment for growth:

◦ Predictable Performance: Ramp critical production programs aligned with our value creation model, deliver key development programs and product innovations, and mature our management systems and processes.

◦ Thriving Growth Engine : Create an organic