0000102752-16-000097.txt : 20160705 0000102752-16-000097.hdr.sgml : 20160704 20160705131634 ACCESSION NUMBER: 0000102752-16-000097 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20160630 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160705 DATE AS OF CHANGE: 20160705 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: 161749657 BUSINESS ADDRESS: STREET 1: 6348 WALKER LANE CITY: ALEXANDRIA STATE: VA ZIP: 22310 BUSINESS PHONE: 7039604600 MAIL ADDRESS: STREET 1: 6348 WALKER LANE CITY: ALEXANDRIA STATE: VA ZIP: 22310 FORMER COMPANY: FORMER CONFORMED NAME: VALUE ENGINEERING CO DATE OF NAME CHANGE: 19790612 8-K 1 vseform8kjune302016.htm VSE CORPORATION FORM 8-K JUNE 30, 2016 JURY VERDICT IN CIVIL LITIGATION MATTER
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):  June 30, 2016

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)
 
6348 Walker Lane
   
Alexandria, VA
 
22310
(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 July 1, 2016, VSE announced that a jury awarded damages of approximately $4.8 million (exclusive of interest to be determined by the Court), against VSE in a civil litigation matter in a verdict rendered on June 30, 2016.  As we have previously reported, Heritage Disposal and Storage LLC, filed a lawsuit against VSE in the United States District Court on February 27, 2015.  The complaint alleged that VSE had not paid Heritage the full charges for services rendered related to the storage and manipulation of fireworks under a prime contract that VSE maintains with the U.S. Bureau of Alcohol Tobacco, Firearms and Explosives. A copy of the press release is filed as Exhibit 99.1 to the Current Report on Form 8-K, and is incorporated herein by reference. 
 
 
 
 
Item 9.01    Financial Statements and Exhibits
 
     D.        Exhibits

            99.1      Press Release dated July 1, 2016

 
SIGNATURES
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
VSE CORPORATION
 
 
(Registrant)
 
 
 
Date: July 5, 2016
 
/s/ Thomas M. Kiernan
 
 
Thomas M. Kiernan
 
 
Vice President, General Counsel and Secretary
EX-99.1 2 exhibit99-1pr.htm VSE CORPORATION PRESS RELEASE DATED JULY 1, 2016
 
VSE Announces Jury Verdict in Civil Litigation Matter

Alexandria, Virginia, July 1, 2016 - VSE Corporation (Nasdaq: VSEC) reported today a jury awarded damages of approximately $4.8 million (exclusive of interest to be determined by the Court), against VSE in a civil litigation matter in a verdict rendered on June 30, 2016.  As we have previously reported, Heritage Disposal and Storage LLC, filed a lawsuit against VSE in the United States District Court on February 27, 2015.  The complaint alleged that VSE had not paid Heritage the full charges for services rendered related to the storage and manipulation of fireworks under a prime contract that VSE maintains with the U.S. Bureau of Alcohol Tobacco, Firearms and Explosives.
"A number of substantive issues remain under the Court's consideration and no final ruling has been made.  Notwithstanding these remaining issues, we intend to avail ourselves of all legal options.  While the litigation is pending, we do not intend to comment or respond to inquiries regarding this matter," said Thomas M. Kiernan, VSE General Counsel and Corporate Secretary. "However, we will continue to make appropriate disclosure as required by law."
About VSE                                                                                                                              
Established in 1959, VSE is a diversified products and services company providing logistics solutions with integrity, agility, and value. VSE is dedicated to making our federal and commercial clients successful by delivering innovative solutions for vehicle, ship, and aircraft sustainment, supply chain management, platform modernization, mission enhancement, and program management, and providing energy, IT, and consulting services. For additional information regarding VSE services and products, please see the Company's web site at www.vsecorp.com or contact Christine Kaineg, VSE Investor Relations, at (703) 329-3263.

VSE encourages investors and others to review the detailed reporting and disclosures contained in VSE's public filings with the Securities and Exchange Commission (SEC) 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.

Safe Harbor
This news release contains statements that to the extent they are not recitations of historical fact, constitute "forward looking statements" under federal securities laws. All such statements are intended to be subject to the safe harbor protection provided by applicable securities laws. For discussions identifying some important factors that could cause actual VSE results to differ materially from those anticipated in the forward looking statements in this news release, see VSE's public filings with the SEC.

VSE Financial News Contact: Christine Kaineg -- (703) 329-3263.

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