8-K filed May 29, 2024, 7:59 PM ET CIK 0001835512

leadership confidence high sentiment positive materiality 0.65

Terran Orbital appoints new CFO, COO, and CAO; COO Gingiss to depart July 15

Terran Orbital Corp

Peter Krauss appointed COO effective June 1, 2024; compensation includes $450K salary, 400K RSUs, $50K signing bonus.
Adarsh Parekh appointed CFO effective June 17, 2024; compensation $425K salary, 75% bonus target, 300K RSUs.
Mathieu Riffel promoted to CAO from acting CFO; will remain principal accounting officer.
Outgoing COO Tony Gingiss to provide advisory services until departure on July 15, 2024.
Company emphasizes focus on operational efficiency, cost reduction, and path to free cash flow positive.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Adarsh Parekh

Chief Financial Officer

Terran Orbital Corp

Effective: 2024-06-17
Filed: May 29, 2024, 7:59 PM ET

appointed Adarsh Parekh as the Company’s Chief Financial Officer and Executive Vice President, effective as of June 17, 2024

Appointed

Peter Krauss

Chief Operating Officer

Terran Orbital Corp

Effective: 2024-06-01
Filed: May 29, 2024, 7:59 PM ET

appointed Peter Krauss as the Company’s Chief Operating Officer and Executive Vice President, effective as of June 1, 2024

Role change

Mathieu Riffel

Chief Accounting Officer

Terran Orbital Corp

Effective: 2024-06-17
Filed: May 29, 2024, 7:59 PM ET

Mr. Riffel was appointed Chief Accounting Officer, effective as of the CFO Effective Date.

Departed

Tony Gingiss

Chief Operating Officer

Terran Orbital Corp

Effective: 2024-07-15
Successor: Peter Krauss
Filed: May 29, 2024, 7:59 PM ET

The Company’s current Chief Operating Officer, Tony Gingiss, has agreed to provide strategic advisory services to the Company until his departure from the Company on July 15, 2024

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Adarsh Parekh was appointed as Chief Financial Officer at Terran Orbital Corp.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

appointed Adarsh Parekh as the Company’s Chief Financial Officer and Executive Vice President, effective as of June 17, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Peter Krauss was appointed as Chief Operating Officer at Terran Orbital Corp.

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

appointed Peter Krauss as the Company’s Chief Operating Officer and Executive Vice President, effective as of June 1, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Mathieu Riffel was appointed as Chief Accounting Officer at Terran Orbital Corp.

Action: appointed
Role: Chief Accounting Officer

Exact text from the filing

Mr. Riffel was appointed Chief Accounting Officer, effective as of the CFO Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Tony Gingiss departed as Chief Operating Officer at Terran Orbital Corp.

Action: depart
Role: Chief Operating Officer

Exact text from the filing

The Company’s current Chief Operating Officer, Tony Gingiss, has agreed to provide strategic advisory services to the Company until his departure from the Company on July 15, 2024

View on SEC.gov

Source: SEC EDGAR

accession 0000950170-24-065628

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