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Section 1: 8-K (8-K)

Document


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 13, 2019

VECTRUS, INC.

(Exact name of Registrant as specified in its charter)

Indiana
0001-36341
38-3924636
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)

2424 Garden of the Gods Road, Suite 300
Colorado Springs, CO 80919
(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (719) 591-3600

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ]    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ]    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨






ITEM 7.01 Regulation FD Disclosure.

On April 13, 2019, Vectrus, Inc. announced that on April 12, 2019, the U.S. Army Contracting Command-Rock Island (ACC-RI) awarded four (4) Indefinite Delivery Indefinite Quantity (IDIQ), Multiple Award Task Order Contracts (MATOC), for the Logistics Civil Augmentation Program (LOGCAP) V support services in support of the U.S. Military worldwide. The services are to support the Geographical Combatant Commands (GCCs) and Army Service Component Commands (ASCCs) throughout the full range of military operations. Each basic IDIQ contract Ordering Period will be an initial five-year ordering period and options for five additional one-year ordering periods. The ceiling price for the entire LOGCAP V MATOC is $82,000,000,000 and is a cumulative ceiling for all contracts awarded from Request for Proposal.

Vectrus Systems Corporation, a wholly-owned subsidiary of Vectrus, Inc., is one of the award recipients of the basic IDIQ contract and the following task orders: PACOM Setting the Theater Task Order and associated Performance Task Order; CENTCOM Setting the Theater Task Order and associated Performance Task Order. Each task order has its own period of performance.

Vectrus reaffirmed its full-year 2019 financial guidance that was originally provided on February 26, 2019.

A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.

This information, including Exhibit 99.1, is furnished pursuant to Item 7.01 Regulation FD Disclosure and shall not be deemed filed for purposes of Section 18 of the Exchange Act or incorporated by reference into any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

ITEM 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.
 
Description
 
 
 
 








SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 15, 2019
 
VECTRUS, INC.

 
By:
/s/ Kathryn S. Lamping
 
Its:
Deputy General Counsel and
Corporate Secretary



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Section 2: EX-99.1 (EXHIBIT 99.1)

Exhibit
PRESS RELEASE
397522445_a2019413logcapvvfimage1.gif

FOR IMMEDIATE RELEASE


Vectrus Awarded Position on Logistics Civil Augmentation Program (LOGCAP) V Indefinite Delivery Indefinite Quantity (IDIQ) Contract

COLORADO SPRINGS, Colo., April 13, 2019 —Vectrus, Inc. announced that on April 12, 2019, the U.S. Army Contracting Command-Rock Island (ACC-RI) awarded four (4) Indefinite Delivery Indefinite Quantity, Multiple Award Task Order Contracts (MATOC), for the Logistics Civil Augmentation Program (LOGCAP) V support services in support of the U.S. Military worldwide. The services are to support the Geographical Combatant Commands (GCCs) and Army Service Component Commands (ASCCs) throughout the full range of military operations. Each basic IDIQ contract Ordering Period will be an initial five-year ordering period and options for five additional one-year ordering periods. The ceiling price for the entire LOGCAP V MATOC is $82,000,000,000 and is a cumulative ceiling for all contracts awarded from Request for Proposal.

Vectrus Systems Corporation is one of the award recipients of the basic IDIQ contract and the following task orders: PACOM Setting the Theater Task Order and associated Performance Task Order; CENTCOM Setting the Theater Task Order and associated Performance Task Order. Each task order has its own period of performance.

The full LOGCAP V contract award announcement to Vectrus is available on FBO.gov at https://www.fbo.gov/index?s=opportunity&mode=form&tab=core&id=90e226fd66a85099863b51b842bf350d&_cview=0.

The company reaffirms its full-year 2019 guidance that was originally provided on February 26, 2019.


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About Vectrus
Vectrus is a leading global government services company with a history in the services market that dates back more than 70 years. The company provides facility and base operations; supply chain and logistics services; information technology mission support; engineering and digital technology services, and strategic programs support to U.S. government customers around the world. Vectrus is differentiated by operational excellence, superior program performance, a history of long-term customer relationships and a strong commitment to their customers’ mission success. Vectrus is headquartered in Colorado Springs, Colo., and includes about 6,700 employees spanning 129 locations in 22 countries. In 2018, Vectrus generated sales of $1.3 billion. To learn about career opportunities at Vectrus, visit www.vectrus.com/careers. For more information, visit the company’s website at www.vectrus.com or connect with Vectrus on Facebook, Twitter, and LinkedIn.

Safe Harbor Statement
Certain material presented herein includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our five-year plan, Company growth, including growth in revenue, cash flow and margins, backlog, business strategy, acquisition of SENTEL Corporation, contract opportunities, bids, awards and business pipeline, outlook, objectives, plans, intentions or goals, and any discussion of future operating or financial performance. These statements are based on the beliefs and assumptions of our management based on information currently available to management. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from the results contemplated by the forward-looking statements, our historical experience and our present expectations or projections. These risks and uncertainties include, but are not limited to, the risk factors set forth in Part I, Item 1A, “Risk Factors,” and elsewhere in our 2018 Annual Report on Form 10-K. We undertake no obligation to update any forward-looking statements.

Contact:
Mike Smith, CFA
(719) 637-5773
[email protected]



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