TECH - Vectrus (VEC) - Vertex Combination Approved by Shareholders

Shareholder Approval. Last week, Vectrus announced that Vectrus shareholders voted to approve the combination with Vertex. With shareholder approval, the combined company will be renamed V2X, Inc, and its common stock will trade on the NYSE under a new ticker symbol, "VVX", following the close of the transaction, which is expected to occur early in the third quarter of 2022.Overwhelming Approval. The shareholder vote was not close. Approximately 90% of the 11,826,663 share eligible to vote, voted. Question 1, to approve the issuance of Company Common Stock as merger consideration pursuant to the Agreement and Plan of Merger dated as of March 7, 2022, received the support of 89.7% of the shares that voted. Question 2, to approve an amendment and restatement of the Articles of Incorporation of the Company to change its name to “V2X, Inc.”, received 96.0% approval of shares that voted. Read More >>