secwatch.observer — SEC 8-K summary
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Issuer:     Terran Orbital Corp (—)
CIK:        0001835512
Form:       8-K
Filed at:   2024-05-29T23:59:59+00:00
Accession:  0000950170-24-065628
Event type: leadership
Sentiment:  positive
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835512/000095017024065628/0000950170-24-065628-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835512/000095017024065628/llap-20240519.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-065628

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