V2X(VVX)2025-02-24 21:06Employee and Workforce Management - As of December 31, 2024, the company employed approximately 16,100 full-time employees and utilized about 6,200 subcontract workers[45] - Approximately 28% of the company's employees were represented by 45 collective bargaining agreements with labor unions[45] - The company offers a comprehensive benefits package, including flexible work options, education benefits, wellness programs, and retirement savings plans[48] - In 2024, the company provided access to over 4,000 virtual courses through its online V2X University to support employee development[51] - The company has established a robust talent and succession planning process to develop its talent pipeline for critical roles[52] - The Chief Growth Officer, appointed in January 2025, previously led a 7.1 million change in annual cash interest expenses for each one percentage point change in the variable rate of the Vertex First Lien Credit Agreement[282] - A fully drawn 2023 Revolver at 5.1 million change in annual cash interest expense for each one percentage point change in interest rates[282] - As of December 31, 2024, the notional value of the company's interest rate swap agreements totaled $439.1 million[283] - The company has discontinued its forward foreign exchange contracts, which expired in January 2022, and no such contracts are outstanding as of December 31, 2024[284] - The majority of the company's business is conducted in U.S. dollars, but it is exposed to foreign currency exchange risks due to some contracts denominated in foreign currencies[284] - Earnings, cash flows, and financial position are exposed to market risks related to fluctuations in interest rates and foreign currency exchange rates[281] - The company has a history of entering into forward foreign exchange contracts to protect against volatility in foreign currency values, although the impact was previously deemed immaterial[284] Strategic Initiatives - The company intends to use its website for disclosing material non-public information and complying with disclosure obligations under Regulation FD[65] - The company has a focus on inorganic activities, including merger & acquisition strategy and execution, managed by the Corporate Vice President of Treasury, Investor Relations and Corporate Development[63] - The company aims to enhance operational efficiency and organic growth through strategic initiatives led by its senior executives[64]