---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-115376"
form_type: "8-K"
ticker: "SPCE"
cik: "0001706946"
company_name: "Virgin Galactic Holdings, Inc"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T16:29:38.819998+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Virgin Galactic appoints new directors Mabus and Strandberg; Lovell named Chair; Bain and Mattson to retire

## Summary
- Raymond Mabus Jr. (former US Navy Secretary) and Diana Strandberg (former Dodge & Cox exec) appointed to board, effective April 21, 2023.
- Evan Lovell, Virgin Group CIO, appointed Chair (was interim chair since Feb 2022).
- Adam Bain and George Mattson to retire at 2023 annual meeting, not standing for re-election; no disagreement with company.
- Board size increased to 11 with new appointments, will be reduced to 9 after annual meeting when Bain and Mattson leave.
- Mabus appointed Lead Independent Director; Strandberg to serve on Audit and Compensation Committees starting May 22, 2023.

## SEC filing metadata
- accession: 0001193125-23-115376
- form_type: 8-K
- ticker: SPCE
- cik: 0001706946
- company_name: Virgin Galactic Holdings, Inc
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1706946/000119312523115376/0001193125-23-115376-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1706946/000119312523115376/d436313d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-115376
- JSON: https://secwatch.observer/filing/0001193125-23-115376.json
- Plain text: https://secwatch.observer/filing/0001193125-23-115376.txt

## Key facts
- Executive change
  Adam Bain departed as Director at Virgin Galactic Holdings, Inc.
  - Action: will not stand for re-election
  - Role: Director
  source text: each of Adam Bain and George Mattson notified the Board that he plans to retire from the Board at the end of his current term and will not stand for re-election at the Annual Meeting.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1706946/000119312523115376/0001193125-23-115376-index.htm
- Executive change
  Diana S. Strandberg was elected as Director at Virgin Galactic Holdings, Inc.
  - Action: elected
  - Role: Director
  source text: elected Raymond E. Mabus, Jr. and Diana S. Strandberg as directors to fill the vacancies on the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1706946/000119312523115376/0001193125-23-115376-index.htm
- Executive change
  George Mattson departed as Director at Virgin Galactic Holdings, Inc.
  - Action: will not stand for re-election
  - Role: Director
  source text: each of Adam Bain and George Mattson notified the Board that he plans to retire from the Board at the end of his current term and will not stand for re-election at the Annual Meeting.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1706946/000119312523115376/0001193125-23-115376-index.htm
- Executive change
  Raymond E. Mabus, Jr. was elected as Director at Virgin Galactic Holdings, Inc.
  - Action: elected
  - Role: Director
  source text: elected Raymond E. Mabus, Jr. and Diana S. Strandberg as directors to fill the vacancies on the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1706946/000119312523115376/0001193125-23-115376-index.htm
- Executive change
  Raymond E. Mabus, Jr. was appointed as Lead Independent Director at Virgin Galactic Holdings, Inc.
  - Action: appointed
  - Role: Lead Independent Director
  source text: Mr. Mabus was appointed to serve as the Company’s Lead Independent Director.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1706946/000119312523115376/0001193125-23-115376-index.htm
- Executive change
  Evan Lovell was appointed as Chair at Virgin Galactic Holdings, Inc.
  - Action: appointed
  - Role: Chair
  source text: Evan Lovell was appointed to serve as Chair of the Company’s Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/1706946/000119312523115376/0001193125-23-115376-index.htm

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