KeyW Adds Dave Wallen to Lead Advanced Cyber Business
January 16 2018 - 4:15PM
The KeyW Corporation (“KeyW”), a wholly owned subsidiary of
The KeyW Holding Corporation (“Holdings”) (NASDAQ:KEYW) today
announced that Dave Wallen will join KeyW as the senior vice
president of Advanced Cyber, effective January 29, 2018. Mr. Wallen
has more than 30 years of experience driving strategies, growth and
teams that serve the Intelligence Community and related agencies
with a focus on solving Cyber-related challenges. He also serves as
an advisor to senior government leadership on Cyber domain policy,
considerations, challenges and recommendations.
“We couldn’t be more pleased that a leader with Dave’s extensive
background in capturing and delivering Cyber and related growth and
business to Defense and Intelligence agencies will be joining
KeyW,” said John Sutton, KeyW’s chief operating officer. “We’re
committed to delivering advanced Cyber and other solutions that
support our national security priorities, and Dave brings the right
experience, relationships and know-how to help us deliver on this
commitment.”
“I’ve admired KeyW from afar. Over the years, we’ve competed on
many of the same programs, and I genuinely value the company’s size
and unique approach to customer challenges,” said Dave Wallen,
newly appointed leader of KeyW’s Advanced Cyber business. “The
company is just big enough to pursue the large deals but small
enough to be agile and move at the speed of the mission—something
our customers require today—and I’m excited to step in and lead as
part of the team.”
Mr. Wallen has served at ManTech International as a senior vice
president since 2011, where he built and grew its Cyber Operations
and Exploitation business to more than $175 million in revenue per
year. Before ManTech, he held various related leadership positions
at BAE Systems and Price Waterhouse, serving the Intelligence
Community, Department of Defense and Federal Civilian markets.
Mr. Wallen has a Master of Business Administration from Golden
Gate University and Bachelor of Business Administration from James
Madison University and is also a certified Project Management
Professional. He also holds leadership development achievements
from Wharton and Oxford Saïd business schools and is a former
United States Marine Corps officer.
In connection with his hiring, on January 16, 2018, KeyW entered
into an employment agreement with Mr. Wallen. The employment
agreement with Mr. Wallen provides for grants of inducement equity
awards outside of KeyW's Amended and Restated 2013 Stock Incentive
Plan, in accordance with NASDAQ Listing Rule 5635(c)(4). The
agreement and grant was authorized by the Compensation Committee of
Holdings' Board of Directors as an inducement to Mr. Wallen
entering into employment with KeyW. The inducement grant
consists of up to 100,000 shares of Holdings’ common stock for Mr.
Wallen as a long-term incentive inducement that will be granted
during the five-year period following commencement of his
employment, in the amounts set forth below, provided Holdings’
stock price exceeds the applicable target share prices set forth
below for at least 30 consecutive trading days:
The issuance and vesting of the inducement shares will be
contingent upon Mr. Wallen’s continued employment with KeyW,
subject to acceleration upon certain events.
Target Price Per Share |
Long-Term Incentive Shares |
$13.00 |
12,500 |
$16.00 |
12,500 |
$20.00 |
25,000 |
$25.00 |
25,000 |
$30.00 |
25,000 |
About KeyW KeyW is a pure-play national
security solutions provider for the Intelligence, Cyber and
Counterterrorism Communities' toughest challenges. We support the
collection, processing, analysis and dissemination of information
across the full spectrum of their missions. We employ and challenge
more than 2,000 of the most talented professionals in the industry
with solving such complex problems as preventing cyber threats,
transforming data into intelligence and combating global
terrorism.Forward-Looking Statements: Statements made in
this press release that are not historical facts constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements include
but are not limited to: statements about our future expectations,
plans and prospects; statements regarding our strategies,
plans, and operations; and other statements containing the words
"estimates," "believes," "anticipates," "plans," "expects," "will,"
"potential," "opportunities," and similar expressions. Our actual
results, performance or achievements or industry results may differ
materially from those expressed or implied in these forward-looking
statements. These statements involve numerous risks and
uncertainties, including but not limited to those risk factors set
forth in our Annual Report on Form 10-K, dated and filed March 15,
2017 with the Securities and Exchange Commission (SEC) as required
under the Securities Act of 1934, and other filings that we make
with the SEC from time to time. Due to such uncertainties and
risks, readers are cautioned not to place undue reliance on such
forward-looking statements. KeyW is under no obligation to (and
expressly disclaims any such obligation to) update or alter its
forward-looking statements whether as a result of new information,
future events or otherwise.
Media Contact:Heather
Williams240-565-5357communications@keywcorp.com
Investor Contact:Mark
Zindler703-880-9379 investors@keywcorp.com
Essex (NASDAQ:KEYW)
Historical Stock Chart
From Mar 2024 to Apr 2024
Essex (NASDAQ:KEYW)
Historical Stock Chart
From Apr 2023 to Apr 2024