A maker of high-reliability electronic gear and structural components for commercial and military aircraft, Ducommun supplies cable assemblies, printed circuit board assemblies, and lightning diversion systems for planes flown by airlines and armed forces. Its roots reach back to 1849, when Swiss-trained watchmaker Charles Louis Ducommun walked from Arkansas to Los Angeles on foot with a mule, opened a small watch-repair shop, and built a business that became the oldest continuously operating company in California.
Ducommun appoints Mark A. Caylor as independent Class II Director, effective May 4, 2026.
Caylor will serve on the Board's Audit Committee.
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Mark A. Caylor was appointed as a Class II Director on May 4, 2026, with a term expiring at the 2029 annual meeting.
He will be compensated on the same basis as other non-employee directors, including an $85,000 annual cash retainer and $160,000 equity retainer.
Caylor is a former Corporate Vice President and President of Northrop Grumman's Mission Systems Sector, retired in 2024.
The appointment is part of Ducommun's board refreshment program supporting its VISION 2027 Strategy.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Ducommun to restate financials due to stock-based compensation timing error
Ducommun identified an error in the timing of stock-based compensation expense recognition related to retirement provisions in stock unit award agreements changed in April 2024.
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The company will restate previously issued financial statements for fiscal years 2024 and 2025 and certain quarterly periods in 2024 and 2025.
Operating income was overstated by an estimated $10.0 million for 2024 and $3.4 million for 2025; net income was overstated by $9.8 million and $3.4 million, respectively.
The Compensation Committee expects to seek recoupment of approximately $4.3 million to $4.9 million for 2024 and $0.7 million to $1.1 million for 2025 in incentive-based compensation.
The error resulted in a material weakness in internal control over financial reporting, and the company expects to file an amended Form 10-K/A on or before May 8, 2026.
4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
Ducommun settles subrogation claim over 2020 Guaymas fire for $4.0 million
On January 7, 2026, Ducommun entered into a binding confidential settlement agreement to resolve a subrogation claim related to a June 2020 fire at its performance center in Guaymas, Mexico.
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The subrogation claim was asserted by the insurer of the entity providing labor and facilities for the performance center, and was pending in an Arizona arbitration proceeding.
The settlement provides for final dismissal of the subrogation action and a release of all claims against the company, with prejudice, in exchange for a $4.0 million payment to the insurer.
The settlement includes a mutual release of all past, present, and future claims arising from the fire, and the company is not admitting any liability.
The company expects to record the settlement as an expense for the quarter ending December 31, 2025, and to pay it from cash on hand within 20 days of the agreement.
Ducommun amends credit facility with $200M term loan and $450M revolver, maturing November 2030
On November 24, 2025, Ducommun entered into a First Amendment to its existing Credit Agreement with Bank of America and other lenders.
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The amended facility includes a $200 million senior secured term loan (fully drawn) and a $450 million senior secured revolving credit facility ($120 million drawn at closing).
Proceeds were used to repay the existing facility (which had $95 million drawn on a $200 million revolver and a $225 million term loan), pay fees, and fund working capital and general corporate purposes.
The new facility matures on November 24, 2030, and the initial interest rate is Term SOFR plus 1.50%, subject to leverage-based adjustments.
Ducommun stated the refinancing lowers its cost of capital, increases liquidity (over $300 million available at close), and supports its VISION 2027 acquisition and growth strategy.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 8.01 Other Events · 9.01 Financial Statements and Exhibits