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

Salesforce’s Jenny Berarducci: Cloud Tech Could Help Agencies Transform Customer Experience

Jenny Berarducci, regional vice president of customer success at Salesforce (NYSE: CRM), has said a cloud-based tool provides government agencies the capability to improve the customer experience and earn the public’s trust, which is key to any mission. Berarducci wrote about the need for agencies to implement a flexible technology that could enable them to meet current and future needs.

Lockheed to Update Navy MASINT Platform Under Potential $90M Contract

Lockheed Martin (NYSE: LMT) has secured a potential five-year, $90.3M contract from the U.S. Navy to update the Office of Naval Intelligence's Measurement and Signature Intelligence Enterprise for Global Acoustic Intelligence platform.