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    Eric DeMarco

    Chief Executive Officer at Kratos Defense and Security Solutions Inc
    Board
    Since April 1, 2004
    Age
    60 years
    Education
    Earned a bachelor's degree in Business Administration and Finance, summa cum laude, from the University of New Hampshire.
    Tenure
    Joined KTOS in November 2003 as President and Chief Operating Officer and was promoted to Chief Executive Officer effective April 1, 2004.

    Also at Kratos Defense and Security Solutions Inc

    DL
    Deanna Lund
    Executive Vice President and Chief Financial Officer
    BG
    Benjamin Goodwin
    Senior Vice President, Corporate Development & Government Affairs
    DC
    David Carter
    President, Defense & Rocket Support Services Division

    About

    The executive holds a strong academic background, earning a bachelor's degree in Business Administration and Finance, summa cum laude, from the University of New Hampshire and maintaining a Top Secret National Security Clearance, which underscores his involvement in sensitive defense initiatives.

    Before his tenure at KTOS, his career spanned roles in public accounting and senior leadership positions at The Titan Corporation, where he served as President, Chief Operating Officer, and Chief Financial Officer, contributing to the management of a NYSE-listed firm later acquired by L-3 Communications.

    At KTOS, he joined as President and Chief Operating Officer in November 2003 and assumed the role of Chief Executive Officer on April 1, 2004, overseeing the company’s transformation from a wireless communications firm to a national defense and homeland security product solutions provider through organic growth and strategic acquisitions.

    $KTOS Performance Under Eric DeMarco

    Past Roles

    OrganizationRoleDate RangeDetails
    KTOSPresident and Chief Operating OfficerNov 2003 - Apr 2004Became director and then CEO
    The Titan CorporationPresident and Chief Operating OfficerN/ANYSE-listed before acquisition by L-3 Communications
    The Titan CorporationExecutive Vice President and Chief Financial OfficerN/AHeld prior to the role as President and COO
    Public Accounting FirmsVarious rolesN/AFocused on large multinational corporations and publicly traded companies

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary $850,000 AnnualFixed base salary for 2023
    Time-Based RSUs 150,000 RSUs (FV: $1,504,500) Vesting ratably over 5 years Calculated at $10.03 per share
    All Other Compensation $77,345 Paid in 2023Includes PTO payout: $65,385 and 401(k) matching: $11,960
    Deferred Compensation $10,877,125 (Earnings); Year-End Balance: $20,340,725 Deferred with year-end balanceReflects increase for 1,002,500 deferred RSUs due to stock price change from $9.44 to $20.29
    Stock Vested 105,000 shares (Value: $1,066,650) As shares vestIncludes 45,000 shares deferred from prior years (Value: $459,450)
    Termination/Change of Control Benefits Lump Sum: $5,100,000; Accelerated RSUs: 1,465,000 (Value: $29,724,850); Health Insurance: $92,566 Contingent on termination/change of controlTotal potential benefits of $34,917,416 calculated as 3x base salary plus bonus and benefits

    Performance Compensation

    Data from  FY 2023

    Performance-Based RSUs

    MetricDetails
    Performance MetricAdjusted EBITDA Growth
    Vesting Condition33.3% vesting for every 10% increase in Adjusted EBITDA over a 5-year period
    Target150,000 RSUs granted
    ThresholdZero RSUs vest if the minimum growth target is not met
    Maximum (Cap)150,000 RSUs
    Evaluation Period5 years
    Grant DateJanuary 3, 2023
    Grant Date Fair Value$10.03 per share (Total Fair Value: $3,009,000)
    Additional DetailsVesting is contingent on the company achieving progressive Adjusted EBITDA milestones

    Non-Equity Incentive Plan Compensation

    MetricDetails
    Grant DateJanuary 3, 2023
    Target Payout$850,000
    Threshold & Maximum$850,000 (fixed amount)
    Vesting ScheduleFive equal annual installments over 5 years
    Performance ConditionsTied to the company’s Adjusted EBITDA growth; specific performance details are not fully disclosed