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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): June 30, 2025

 

VERRA MOBILITY CORPORATION

(Exact name of registrant as specified in its charter)

 

 

Delaware

1-37979

81-3563824

(State or other jurisdiction
of incorporation)

(Commission
File Number)

(IRS Employer
Identification No.)

 

1150 N. Alma School Road
Mesa, Arizona
(Address of principal executive offices)

85201
(Zip Code)

(480) 443-7000

(Registrant’s telephone number, including area code)

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

(Title of each class)

 

(Trading symbol)

 

(Name of each exchange on which registered)

Class A Common Stock, par value $0.0001 per share

 

VRRM

 

Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

☐ Emerging growth company

☐ 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.

 

 

 

1


 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 2, 2025, Verra Mobility Corporation (the “Company”) announced that Steven Lalla, Executive Vice President, Commercial Services will depart from the Company on July 30, 2025. Mr. Lalla is expected to remain in his position with the Company until July 21, 2025 and then as a non-executive employee until July 30, 2025. In connection with his separation, Mr. Lalla will be entitled to receive severance benefits consistent with a termination without cause under the terms of his previously disclosed employment agreement, as described in the Company’s Definitive Proxy Statement filed with the Securities and Exchange Commission on April 8, 2025. Pursuant to the terms of Mr. Lalla’s employment agreement, the payment of severance benefits to Mr. Lalla is subject to Mr. Lalla’s execution and non-revocation of a general release that releases the Company from any and all claims (including with respect to all matters arising out of or related to Mr. Lalla’s employment by the Company or the termination thereof) and compliance by Mr. Lalla with the terms and conditions of the release.

Item 7.01 Regulation FD Disclosure.

On July 2, 2025, the Company issued a press release announcing the appointment of Stacey Moser as Executive Vice President and General Manager, Commercial Services of the Company, effective July 21, 2025. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K (this “Report”) and is incorporated herein by reference.

The information furnished in this Item 7.01 of this Report, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 8.01 Other Events.

On July 2, 2025, the Company announced that it appointed Stacey Moser as Executive Vice President and General Manager, Commercial Services of the Company, effective July 21, 2025. Ms. Moser served as Chief Commercial Officer at Universal Robots and previously held roles as Chief Commercial Officer at GE Digital Grid Software and Vice President, Global Sales at Fortive Corporation.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit Number

 

Description of Exhibits

 

99.1

 

Press Release, dated July 2, 2025, issued by Verra Mobility Corporation.

 

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

2


 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: July 2, 2025

Verra Mobility Corporation

 

 

 

 

By:

/s/ Craig Conti

 

Name:

Craig Conti

 

Title:

Chief Financial Officer

 

3


EX-99.1 2 vrrm-ex99_1.htm EX-99.1 EX-99.1

Exhibit 99.1

img124761870_0.jpg

 

For Immediate Release

 

Verra Mobility appoints Stacey Moser to lead its Commercial Services business

 

Brings 25 years of commercial, product management and engineering leadership at Fortune 100 companies and other innovative technology firms

 

MESA, Ariz., July 2, 2025 -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that Stacey Moser has been appointed as Executive Vice President and General Manager of the company’s Commercial Services business unit effective July 21, 2025. She will report directly to David Roberts, CEO of Verra Mobility.

 

Ms. Moser is a senior executive with more than 25 years of experience leading global commercial, product management, and engineering functions. She most recently served as Chief Commercial Officer (CCO) at Universal Robots, a leading provider of collaborative robotics. Her experience spans Fortune 100 companies such as GE Digital and Texas Instruments as well as other industry leaders including Teradyne, Fortive and Motorola.

 

“I’m excited to welcome Stacey to the Verra Mobility executive leadership team,” said David Roberts, President and CEO, Verra Mobility. “She brings significant experience leading large organizations and driving continuous improvement and operational excellence. Her expertise will be extremely beneficial to our fleet customers in the U.S. and Europe.”

 

Ms. Moser will succeed Steve Lalla who has led the Commercial Services business since February 2021.

 

“We are thankful to Steve for his years of service running the business and strengthening our position as a leader in tolling and violations management for fleets,” said Mr. Roberts.

 

Ms. Moser built her career across the technology, mobility and infrastructure markets, with deep expertise in market development, go-to-market strategy, product development and LEAN operational excellence.

 

As CCO at Universal Robots, Ms. Moser led global commercial strategy, sales and market expansion with a focus on scaling revenue and transforming go-to-market strategy. Prior to that, she served as the CCO of GE Digital’s power grid automation software business.


 

 

 

Verra Mobility’s Commercial Services business solves complex payments and compliance challenges for rental car companies, fleet management companies and fleet operators. Its offerings include tolling and violations management solutions as well as title and registration services. More information about the business can be found at www.verramobility.com/commercial.

 

About Verra Mobility

 

Verra Mobility Corporation (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data and people to enable safe, efficient solutions for customers globally. Verra Mobility’s transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility and support healthier communities. The company also solves complex payment, utilization and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility operates in North America, Europe and Australia. For more information, please visit www.verramobility.com.

 

Forward Looking Statements

 

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about Verra Mobility's plans, objectives, expectations, beliefs and intentions and other statements including words such as "hope," "anticipate," "may," "believe," "expect," "intend," "will," "should," "plan," "estimate," "predict," "continue" and "potential" or the negative of these terms or other comparable terminology. The forward-looking statements herein represent the judgment of Verra Mobility, as of the date of this press release, and Verra Mobility disclaims any intent or obligation to update forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those currently anticipated. This press release should be read in conjunction with the information included in Verra Mobility's other press releases, reports and other filings with the SEC and on the SEC website, www.sec.gov, as well as information available on its corporate website and investor relations website. Understanding the information contained in these filings and on the corporate and investor relations websites is important to fully understand Verra Mobility's reported financial results and our business outlook for future periods. Actual results may differ materially from the results anticipated in the forward-looking statements and the assumptions and estimates used as a basis for the forward-looking statements.

 

Additional Information

 

We periodically provide information for investors on our corporate website, www.verramobility.com, and our investor relations website, ir.verramobility.com.

 

We intend to use our website as a means of disclosing material non-public information and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our website, in addition to following the Company's press releases, SEC filings and public conference calls and webcasts.

 

Media Relations: Investor Relations:
Eric Krantz Mark Zindler

eric.krantz@verramobility.com mark.zindler@verramobility.com