<SEC-DOCUMENT>0000320121-20-000033.txt : 20200924
<SEC-HEADER>0000320121-20-000033.hdr.sgml : 20200924
<ACCEPTANCE-DATETIME>20200924142744
ACCESSION NUMBER:		0000320121-20-000033
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20200920
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20200924
DATE AS OF CHANGE:		20200924

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TELOS CORP
		CENTRAL INDEX KEY:			0000320121
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
		IRS NUMBER:				520880974
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08443
		FILM NUMBER:		201195034

	BUSINESS ADDRESS:	
		STREET 1:		19886 ASHBURN ROAD
		CITY:			ASHBURN
		STATE:			VA
		ZIP:			20147
		BUSINESS PHONE:		7034716000

	MAIL ADDRESS:	
		STREET 1:		19886 ASHBURN ROAD
		CITY:			ASHBURN
		STATE:			VA
		ZIP:			20147

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	C3 INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>8k_09242020.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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  <div style="text-align: center; font-weight: bold;">UNITED STATES</div>
  <div style="text-align: center; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
  <div style="text-align: center; font-weight: bold;">Washington, D.C.&#160; 20549</div>
  <div><br>
  </div>
  <div style="text-align: center; font-weight: bold;">FORM 8-K</div>
  <div><br>
  </div>
  <div style="text-align: center; font-weight: bold;">CURRENT REPORT</div>
  <div style="text-align: center; font-weight: bold;">Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934</div>
  <div><br>
  </div>
  <div style="text-align: center; font-weight: bold;">Sesptember 20, 2020</div>
  <div style="text-align: center;">Date of Report (Date of earliest event reported)</div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div style="text-align: center; font-weight: bold;">TELOS CORPORATION</div>
  <div style="text-align: center;">(Exact name of registrant as specified in its charter)</div>
  <div><br>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="zaa066bdef08a43a1a34798f9bbe3b296" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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          <td style="width: 31.3%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-size: 12pt; font-weight: bold;">Maryland</div>
          </td>
          <td style="width: 3.03%; vertical-align: bottom;">
            <div style="font-size: 12pt;">&#160;</div>
          </td>
          <td style="width: 31.31%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-size: 12pt; font-weight: bold;">001-08443</div>
          </td>
          <td style="width: 3.03%; vertical-align: bottom;">
            <div style="font-size: 12pt;">&#160;</div>
          </td>
          <td style="width: 31.31%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-size: 12pt; font-weight: bold;">52-0880974</div>
          </td>
        </tr>
        <tr>
          <td style="width: 31.3%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">(State or other jurisdiction</div>
            <div style="text-align: center; color: #000000;">of incorporation)</div>
          </td>
          <td style="width: 3.03%; vertical-align: bottom;">
            <div>&#160;</div>
          </td>
          <td style="width: 31.31%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">(Commission</div>
            <div style="text-align: center; color: #000000;">File Number)</div>
          </td>
          <td style="width: 3.03%; vertical-align: bottom;">
            <div>&#160;</div>
          </td>
          <td style="width: 31.31%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">(IRS Employer</div>
            <div style="text-align: center; color: #000000;">Identification No.)</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="font-size: 8pt;">&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z446e16c06bf4408096b66b65e264d0ac" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 63%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-size: 12pt; font-weight: bold;">19886&#160;Ashburn&#160;Road,&#160;Ashburn,&#160;Virginia</div>
          </td>
          <td style="width: 3%; vertical-align: bottom;">
            <div style="font-size: 12pt;">&#160;&#160;&#160;&#160;</div>
          </td>
          <td style="width: 34%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-size: 12pt; font-weight: bold;">20147-2358</div>
          </td>
        </tr>
        <tr>
          <td style="width: 63%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">(Address of principle executive offices)</div>
          </td>
          <td style="width: 3%; vertical-align: bottom;">
            <div>&#160;&#160;&#160;&#160;</div>
          </td>
          <td style="width: 34%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000;">(Zip Code)</div>
          </td>
        </tr>

    </table>
    <div style="font-size: 8pt;">&#160;</div>
    <table cellspacing="0" cellpadding="0" id="zb0072b687a514326aae820636626da1e" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 100%; vertical-align: top;">
            <div style="text-align: center; font-size: 12pt; font-weight: bold;">(703) 724-3800</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div style="text-align: center;">(Registrant's telephone number, including area code)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div style="text-align: center;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div style="text-align: center; font-weight: bold;">Not Applicable</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: bottom;">
            <div style="text-align: center;">(Former name or former address, if changed since last report)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify;">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:</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 18pt;">&#9633;<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 18pt">&#160;</font>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
    <div style="text-align: justify; text-indent: 18pt;">&#9633;<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 18pt">&#160;</font>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
    <div style="text-align: justify; text-indent: 18pt;">&#9633;<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 18pt">&#160;</font>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
    <div style="text-align: justify; text-indent: 18pt;">&#9633;<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 18pt">&#160;</font>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Securities registered pursuant to Section 12(b) of the Act:&#160; None</div>
    <div><br>
    </div>
    <div>Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or
      Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</div>
    <div><br>
    </div>
    <div>Emerging growth company &#160;&#160;&#160;&#160;&#9633;</div>
    <div><br>
    </div>
    <div>If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
      revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&#160; &#160; &#160; &#9633;</div>
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  <table cellspacing="0" cellpadding="0" border="0" id="z775a32211498422b8e06031735bf8f5e" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

      <tr>
        <td style="width: 7%; vertical-align: middle;">
          <div style="font-weight: bold;">Item 5.02</div>
        </td>
        <td style="width: 93%; vertical-align: middle;">
          <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
            Compensatory Arrangements of Certain Officers</div>
        </td>
      </tr>

  </table>
  <br>
  <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">On September 20, 2020, Lieutenant General Charles S. Mahan, Jr. (USA, Ret.) informed the Company that he is resigning from the
    Board of Directors of the Company (the &#8220;Board&#8221;), effective September 21, 2020. Lt. Gen. Mahan&#8217;s departure is not due to a disagreement with the Company, the Board, or management on any matter relating to the Company&#8217;s operations, policies, or
    practices. On September 21, 2020, the Board appointed Ms. Bonnie Carroll to the Board to serve until the next annual meeting of the stockholders of the Company.</div>
  <div><br>
  </div>
  <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">A copy of the press release announcing Lt. Gen. Mahan&#8217;s departure and Ms. Carroll&#8217;s appointment is attached to this Current Report on Form 8-K as
    Exhibit 99.1 and is incorporated by reference herein.</div>
  <div><br>
  </div>
  <table cellspacing="0" cellpadding="0" border="0" id="z1d0d37e351f44c1085b9140dca2844a2" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

      <tr>
        <td style="width: 7%; vertical-align: middle;">
          <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">Item 9.01</div>
        </td>
        <td style="width: 93%; vertical-align: middle;">
          <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">Financial Statements and Exhibits</div>
        </td>
      </tr>

  </table>
  <div><br>
  </div>
  <div style="text-indent: -30pt; margin-left: 66pt;">(d) <font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">Exhibits</font></div>
  <div><br>
  </div>
  <table cellspacing="0" cellpadding="0" id="z6f29cf2e9d764f2f9df4b39b7120f845" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

      <tr>
        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 30pt; vertical-align: top; align: right;">99.1</td>
        <td style="width: auto; vertical-align: top;">
          <div style="font-family: 'Times New Roman',Times,serif;"><a href="ex99_1.htm">Press release, dated September 24, 2020, announcing the
              resignation of Lt. Gen. Mahan and the appointment of Ms. Carroll. </a></div>
        </td>
      </tr>

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  <div style="text-align: center; font-weight: bold;">S I G N A T U R E S</div>
  <div style="margin-top: 4pt;"><br>
  </div>
  <div style="text-align: justify; margin-top: 4pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
    by the undersigned hereunto duly authorized.</div>
  <div style="text-align: justify; margin-top: 4pt;">
    <div style="text-align: left; color: #000000;"> <br>
    </div>
    <div style="text-align: left; color: #000000;"> Date:&#160; September 24, 2020</div>
  </div>
  <div style="text-align: justify; margin-top: 4pt;"> <br>
  </div>
  <div style="text-align: justify; margin-top: 4pt;">
    <table cellspacing="0" cellpadding="0" border="0" align="right" id="z0c0649f6bafa4403b450425448a34a0f" style="border-collapse: collapse; width: 50%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

        <tr>
          <td style="vertical-align: top;" colspan="2">
            <div style="font-weight: bold;">TELOS CORPORATION</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7%; vertical-align: top; padding-bottom: 1px;">
            <div>By:</div>
          </td>
          <td style="width: 93%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
            <div>/s/ Michele Nakazawa</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7%; vertical-align: top;">&#160;</td>
          <td style="width: 93%; vertical-align: top;">
            <div>Michele Nakazawa</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7%; vertical-align: top;">&#160;</td>
          <td style="width: 93%; vertical-align: top;">
            <div style="color: #000000;">Chief Financial Officer</div>
          </td>
        </tr>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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  <div style="text-align: right; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;"> <img src="teloslogo1.jpg"></div>
  <div style="font-size: 12pt; font-weight: bold;"> <br>
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  <div style="font-size: 12pt; font-weight: bold;">
    <div><a name="z_gjdgxs"></a><br>
    </div>
    <div style="text-align: center; font-size: 14pt; font-weight: bold;">Telos Corporation Welcomes TAPS Founder and President Bonnie Carroll to its Board of Directors</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: normal;">Presidential Medal of Freedom recipient to provide strategic guidance to cybersecurity company</div>
    <div style="font-weight: normal;"><br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif; font-weight: normal;"><a name="z_30j0zll"></a><font style="font-weight: bold;">Ashburn,
        VA</font><font style="color: rgb(0, 0, 0); font-weight: bold;"> &#8211; </font><font style="font-weight: bold;">September
        24</font><font style="font-weight: bold;">,</font><font style="color: rgb(0, 0, 0); font-weight: bold;">&#160;</font><font style="font-weight: bold;">2020</font><font style="font-family: 'Times New Roman', Times, serif; color: #000000;"> &#8211; </font><font style="font-family: 'Times New Roman', Times, serif;">Telos&#174; Corporation</font><font style="font-family: 'Times New Roman', Times, serif; color: #000000;">, </font>a leading provider of cyber, cloud and enterprise security solutions for
      the world&#8217;s most security-conscious organizations<font style="font-family: 'Times New Roman', Times, serif; color: #000000;">, today announced </font>that it has added Bonnie Carroll, President and Founder of the <font style="font-family: 'Times New Roman', Times, serif;">Tragedy Assistance Program for Survivors</font> (TAPS) to its Board of Directors.</div>
    <div style="font-weight: normal;"><a name="z_wvuk5p5wcefb"></a><br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif; font-weight: normal;"><a name="z_3znysh7"></a>&#8220;I&#8217;ve been privileged to work alongside Bonnie through my involvement with TAPS and have witnessed
      firsthand her passion for helping others, a drive that has shown no sign of slowing over the years,&#8221; said John B. Wood, CEO and chairman, Telos. &#8220;We&#8217;re beyond honored to welcome Bonnie to our board, where her fearless leadership will prove invaluable
      to our future success.&#8221;</div>
    <div style="font-weight: normal;"><a name="z_2et92p0"></a><br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif; font-weight: normal;"><a name="z_tyjcwt"></a>A recipient of the Presidential Medal of Freedom, Carroll is a military veteran and a former staffer in
      the Reagan and Bush Administrations.&#160; Following the death of her husband, Army Brig. Gen. Tom Carroll in 1992, she founded TAPS, the leading national military service organization that provides compassionate care, casework assistance, and emotional
      support for all those impacted by the death of a military loved one.</div>
    <div style="font-weight: normal;"><br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif; font-weight: normal;">Carroll served in Baghdad, Iraq, as the Deputy Senior Advisor for Programs in the Ministry of Communications<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #3F3F3F;">,</font> where she managed the execution of a quarter-billion dollars in U.S. supplemental funds for the reconstruction of the telecommunications capability in
      Iraq, the modernization of the postal service, and creation of the Iraq Communications and Media Commission. Prior to that, she was appointed to be the White House Liaison for the Department of Veterans Affairs in Washington, D.C. Carroll retired as
      a Major in the Air Force Reserve following 30 years of service.</div>
    <div style="font-weight: normal;"><br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif; font-weight: normal;">In addition to receiving the Zachary and Elizabeth Fisher Distinguished Civilian Humanitarian Award from the Department of
      Defense, Carroll has received the Community Heroes Award by the Military Officers Association of America; has been recognized by the Defense Department with the Office of the Secretary of Defense Medal for Exceptional Public Service; and has received
      the Army's Outstanding Civilian Service Medal and the Navy's Distinguished Public Service Award.</div>
    <div style="font-weight: normal;"><a name="z_ecwsdj215411"></a><br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif; font-weight: normal;">&#8220;The work that Telos does for government and commercial organizations is tremendously important,&#8221; said Carroll. &#8220;Telos has no
      shortage of inspiring leaders among its ranks and I&#8217;m pleased to lend my expertise to such an impressive organization.&#8221;</div>
    <div style="font-weight: normal;"><br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif; font-weight: normal;">Carroll will fill the seat vacated by Lt. Gen. Charles (Chuck) Mahan, Jr. (USA, Ret.), who honorably served on the Telos board of
      directors for 14 years.</div>
    <div style="font-weight: normal;"><br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif; font-weight: normal;">&#8220;We have been extremely fortunate to work with Gen. Mahan for over a decade,&#8221; said Wood.&#160; &#8220;His leadership and commitment to
      service are unwavering, and have helped guide Telos to where it is today.&#8221;</div>
    <div style="font-weight: normal;"><br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif; font-weight: normal;">For more information and a full list of Telos Board members, visit: <font style="font-family: 'Times New Roman', Times, serif;">https://www.telos.com/company/management-directors/</font></div>
    <div style="font-weight: normal;"><br>
    </div>
    <div style="font-weight: normal;"><br>
    </div>
    <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">About Telos Corporation</div>
    <div><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal;">Telos Corporation</font><font style="font-weight: normal;"> empowers and protects the world&#8217;s most security-conscious organizations with solutions for continuous security assurance of individuals, systems, and information. Telos&#8217; offerings include cybersecurity solutions for IT risk management and
        information security; cloud security solutions to protect cloud-based assets and enable continuous compliance with industry and government security standards; and enterprise security solutions to ensure that personnel can work and collaborate
        securely and productively. The company serves military, intelligence and civilian agencies of the federal government, allied nations and commercial organizations around the world.&#160; The company is a recipient of the prestigious&#160;James S. Cogswell Outstanding Industrial Security Achievement Award from the Defense Security Service (DSS), awarded to less than .03% of eligible organizations. For
        more information, visit&#160;www.telos.com and follow the company on Twitter&#160;@TelosNews.<font style="color: #0563C1;"><u></u></font></font></div>
    <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: normal;">&#160;</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: normal;">###</div>
    <div style="font-weight: bold;"><br>
    </div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">Contact</font><font style="font-weight: bold;">:</font></div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif; font-weight: normal;">Michelle Schafer</div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif; font-weight: normal;">Merritt Group on behalf of Telos Corporation</div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif; font-weight: normal;">Email: schafer@merrittgrp.com</div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif; font-weight: normal;">Phone: 703.403.6377</div>
    <div style="font-weight: normal;"><br>
    </div>
  </div>
  <div style="font-size: 12pt; font-weight: bold;"> <font style="font-weight: normal;"><br>
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<SEQUENCE>3
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