---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-048430"
form_type: "8-K"
ticker: null
cik: "0001835512"
company_name: "Terran Orbital Corp"
filed_at: "2023-09-15T23:59:59+00:00"
generated_at: "2026-06-10T16:39:11.382344+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Terran Orbital CFO transition: Gary Hobart becomes Chief Transformation Officer, Mathieu Riffel named Acting CFO

## Summary
- Gary Hobart transitions from CFO to Chief Transformation Officer; Mathieu Riffel appointed Acting CFO as of Sep 15, 2023.
- Hobart's new role aims to achieve EBITDA positive status in Q1 2024 via revenue growth and cost control.
- On Sep 6, announced seven standard satellite bus platforms; on Sep 7, launched Responsive Space Initiative for rapid satellite delivery.
- Opened 60,000 sq ft manufacturing space in Irvine Sep 11, total complex 98,000 sq ft; launched ten satellites for Lockheed Martin Sep 2 for SDA Tranche 0.

## SEC filing metadata
- accession: 0000950170-23-048430
- form_type: 8-K
- cik: 0001835512
- company_name: Terran Orbital Corp
- filed_at: 2023-09-15T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1835512/000095017023048430/0000950170-23-048430-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1835512/000095017023048430/llap-20230915.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-048430
- JSON: https://secwatch.observer/filing/0000950170-23-048430.json
- Plain text: https://secwatch.observer/filing/0000950170-23-048430.txt

## Key facts
- Executive change
  Gary Hobart changed role as Chief Transformation Officer at Terran Orbital Corp.
  - Action: transitioned
  - Role: Chief Transformation Officer
  source text: On September 15, 2023, Terran Orbital Corporation (the “Company”) announced that Gary Hobart, the Company’s Chief Financial Officer, had transitioned from his current role into the newly created senior executive position of Chief Transformation Officer, effective the same date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1835512/000095017023048430/0000950170-23-048430-index.htm
- Executive change
  Mathieu Riffel was appointed as Acting Chief Financial Officer at Terran Orbital Corp.
  - Action: appointed
  - Role: Acting Chief Financial Officer
  source text: Also on September 15, 2023, the Company appointed Mathieu Riffel (age 38) as Acting Chief Financial Officer, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1835512/000095017023048430/0000950170-23-048430-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.