Perspecta Names Glenn Eisenberg to Board, Announces Cash Dividend Increase; Mac Curtis Quoted

Glenn Eisenberg

Glenn Eisenberg, a finance and accounting executive, has joined Perspecta (NYSE: PRSP) as a member of the company’s board of directors.

Eisenberg, executive vice president and chief financial officer of LabCorp (NYSE: LH) since 2014, will serve on the board’s audit committee, Perspecta said Tuesday.

He held senior leadership roles at The Timken Co. (NYSE: TKR) and United Dominion Industries and previously served on the boards of US Ecology, Family Dollar Stores and Alpha Natural Resources.

Perspecta’s board approved a 20 percent increase in cash dividend for the quarter ended March 31. Shareholders of record as of June 5 will receive a quarterly cash dividend of $0.06 per share on July 16.

“This dividend increase demonstrates the confidence of the board of directors and management team in the strength of the company’s cash flow generation and ability to generate value for our shareholders,” said Mac Curtis, president and CEO of Perspecta and a 2019 Wash100 winner.

“We are committed to returning cash to shareholders as part of our balance capital allocation program, and the dividend is an important component of that plan. We still have ample flexibility to pay down debt and make disciplined investments for sustainable growth,” Curtis added.

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