Home / Executive Moves / Perspecta Names Glenn Eisenberg to Board, Announces Cash Dividend Increase; Mac Curtis Quoted

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.

Check Also

Honeywell Awarded $111M to Provide Hardware for Army Tank Engine Overhaul

Honeywell (NYSE: HON) has received a potential $110.9M contract modification to provide hardware required to overhaul engines that power the U.S. Army's Abrams tanks. Services under the contract are intended to address Advanced Gas Turbine 1500 production requirements at Anniston Army Depot and support field repair efforts under the Total Integrated Engine Revitalization program, the Department of Defense said Thursday.

Amyx Secures $105M in DHA Program, Acquisition Support Contracts

Amyx has won a pair of fixed-price contracts worth $104.7M combined to support procurement and program management functions at the Defense Health Agency.