Mercury Systems Names William Ballhaus Chairman And Barry Nearhos Lead Independent Director
Three Class II directors won three-year terms, and Scott Ostfeld drew 6,702,156 withheld votes, the most of the three.
Mercury Systems, the Andover, Massachusetts maker of processing electronics for aerospace and defense, elected William L. Ballhaus chairman and Barry R. Nearhos lead independent director on Wednesday, according to an 8-K filed Tuesday. The board made the choices after the annual meeting, where holders elected three Class II directors to terms ending in 2029.
Votes for the three directors
Shareholders elected Jean Bua, Gerard J. DeMuro and Scott Ostfeld as Class II directors for three-year terms ending in 2029.
Ostfeld drew the most opposition: 6,702,156 votes were withheld from him, against 5,243,040 for Bua and 5,233,285 for DeMuro. Ostfeld received 49,338,401 votes in favor, compared with 50,797,517 for Bua and 50,807,272 for DeMuro. Each tally also carried 2,062,269 broker non-votes.
The advisory vote on executive pay passed with 49,014,946 votes for and 7,002,993 against, with 22,618 abstentions. Holders ratified KPMG as auditor for fiscal 2027 with 56,919,146 votes for and 1,168,395 against.
Who chairs which committee
The board also set its committees for the coming year. Nearhos chairs both the Audit Committee and the Nominating and Governance Committee.
Lisa Disbrow chairs Government Relations, Howard Lance chairs Human Capital and Compensation, and Orlando Carvalho chairs M&A and Finance.
Ostfeld sits on the Human Capital and Compensation and the M&A and Finance committees. Bua serves on Audit and Government Relations, and DeMuro on Government Relations and M&A and Finance.
A defense electronics supplier
Mercury makes components, modules and integrated subsystems that handle signal and data processing for radar, electronic warfare, avionics and weapons systems. Its customers include US and European defense prime contractors, the US government and commercial aerospace equipment makers.
The company reported revenues of $983.6 million for the fiscal year ended July 3, 2026.
Ballhaus and Nearhos took their roles on October 28, the day of the annual meeting.
Sources
- 8-K Filing — MERCURY SYSTEMS INC (MRCY) — SEC EDGAR
