0000102752-11-000031.txt : 20110506 0000102752-11-000031.hdr.sgml : 20110506 20110506170048 ACCESSION NUMBER: 0000102752-11-000031 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110503 ITEM INFORMATION: Other Events FILED AS OF DATE: 20110506 DATE AS OF CHANGE: 20110506 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VSE CORP CENTRAL INDEX KEY: 0000102752 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ENGINEERING SERVICES [8711] IRS NUMBER: 540649263 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-03676 FILM NUMBER: 11820446 BUSINESS ADDRESS: STREET 1: 2550 HUNTINGTON AVE CITY: ALEXANDRIA STATE: VA ZIP: 22303 BUSINESS PHONE: 7039604600 MAIL ADDRESS: STREET 1: 2550 HUNTINGTON AVENUE CITY: ALEXANDRIA STATE: VA ZIP: 22303 FORMER COMPANY: FORMER CONFORMED NAME: VALUE ENGINEERING CO DATE OF NAME CHANGE: 19790612 8-K 1 vseform8-k.htm VSE CORPORATION FORM 8-K DATED MAY 3, 2011 vseform8-k.htm

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):  May 3, 2011
 
VSE CORPORATION
(Exact name of registrant as specified in its charter)
 
 
Delaware
(State or Other Jurisdiction
of Incorporation)
 
0-3676
 (Commission File Number)
 
54-0649263
 (IRS Employer
Identification Number)
 
 
2550 Huntington Avenue
   
Alexandria, VA
 
22303-1499
(Address of Principal Executive Offices)
 
(Zip Code)
 
 
(703) 960-4600
(Registrant’s Telephone Number, Including Area Code)
 
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))
 
 
 
 

 
 
VSE CORPORATION

 
Item 8.01    Other Events

 
On May 5, 2011, VSE Corporation issued a press release announcing that the Board of Directors declared a $0.01 per share increase in its quarterly divident to $0.07 per share to be paid on August 10, 2011 to stockholders of record as of July 27, 2011. The Board of Directors approved the dividend on May 3, 2011.  A copy of the press release is attached as Exhibit 99.1.
 
Item 9.01.    Financial Statements and Exhibits
 
                              Exhibit 99.1  Press release announcing increase in quarterly dividend.
 
 

 
 

 

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 thereunto duly authorized.
 
   
VSE CORPORATION
   
(Registrant)
     
Date: May 6, 2011
 
/s/ Thomas M. Kiernan
   
Thomas M. Kiernan
   
Vice President, General Counsel and Secretary


 
EX-99.1 2 exhibit99-1.htm PRESS RELEASE DATED MAY 5, 2011 exhibit99-1.htm
Exhibit 99.1
 
VSE Declares a $0.07 Per Share Cash Dividend

ALEXANDRIA, VIRGINIA, May 5, 2011 – VSE Corporation (Nasdaq GS: VSEC) reported today that  the Company's Board of Directors has declared a quarterly dividend of $0.07 per share that will be paid on August 10, 2011, to stockholders of record as of July 27, 2011.

VSE has paid cash dividends since 1973 and has increased its dividend each year since 2004. During 2010 VSE declared quarterly dividends at the rate of $0.05 per share through March 31, 2010, and at the rate of $0.06 per share commencing June 1, 2010. While VSE’s Board of Directors expects to continue quarterly dividends during 2011 at the rate of $0.07 per share, the payment and amount of future dividends will depend on existing conditions, including the Company's earnings, financial condition, working capital requirements, and other factors.
 
VSE CEO, Maurice “Mo” Gauthier said, “The acquisition of Akimeka, LLC in August 2010 to boost our Health IT offerings  and our  improved organic profit margins despite industry headwinds, enabled us to reflect our appreciation for our shareholders’ loyalty and support. Once again, we are able to increase our dividend.”
 
About VSE
VSE marked its 50th year as a government contractor in 2009. VSE is a diversified Federal Services company of choice for solving issues of global significance with integrity, agility, and value. VSE is dedicated to making our clients successful by delivering talented people and innovative solutions for consulting and program management, logistics, equipment and vehicle/vessel refurbishment, engineering, information technology, energy consulting, and construction program management. For additional information on VSE services and products, please see the company’s web site at www.vsecorp.com or contact Randy Hollstein, VSE Corporate Vice President of Sales and Marketing, at (703) 329-3206.

VSE encourages investors and others to review the detailed reporting and disclosures contained in VSE’s public filings with the U.S. Securities and Exchange Commission for further information and analysis of VSE’s financial condition and results of operations. The public filings include additional discussion about the status of specific customer programs and contract awards, risks, revenue sources and funding, dependence on material customers, and management’s discussion of short and long term business challenges and opportunities.


Investor Relations:  Christine Peters (703) 329-3263