Item 5.02(b) Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 27, 2022, VSE Corporation (the "Company" or "VSE") announced that
Robert Moore, President of VSE's Federal and Defense segment, and the Company
mutually agreed for Mr. Moore to transition from his current role with the
Company on or before January 2023.
On November 21, 2022, the Board of Directors of the Company determined that,
effective December 31, 2022, Mr. Moore will no longer serve in such role and
will cease to be an employee of the Company. Mr. Moore's departure is not
related to the operations, policies, or practices of the Company.
In connection with his departure, the Company expects to enter into a separation
agreement with Mr. Moore under which he will receive the severance benefits to
which he is contractually entitled upon his departure "without cause", as
defined within his Executive Employment Agreement with the Company dated
September 24, 2019, as well as any accrued and vested benefits under the terms
of the Company benefit plans.
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