---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-088567"
form_type: "8-K"
ticker: "FLY"
cik: "0001860160"
company_name: "Firefly Aerospace Inc."
filed_at: "2026-03-03T23:59:59+00:00"
generated_at: "2026-05-15T22:20:22.561891+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Firefly Aerospace adopts Executive Severance Plan with defined benefits for CEO, officers

## Summary
- Plan adopted Feb 25, 2026; covers CEO (Tier 0), Section 16 officers (Tier 1), and VP-level leaders (Tier 2).
- Qualifying termination without cause: CEO gets 1x base salary; Tiers 1-2 get 6-12 months base; plus bonus, COBRA, equity acceleration.
- Within 24-month Change-in-Control window: CEO gets 2x base + 2x target bonus; equity fully vests immediately.
- Death/retirement/disability severance: 1x base salary plus prorated bonus and equity treatment.
- No excise tax gross-up; Section 280G cutback optional to maximize net after-tax position.

## SEC filing metadata
- accession: 0001193125-26-088567
- form_type: 8-K
- ticker: FLY
- cik: 0001860160
- company_name: Firefly Aerospace Inc.
- filed_at: 2026-03-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1860160/000119312526088567/0001193125-26-088567-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1860160/000119312526088567/d946352d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-088567
- JSON: https://secwatch.observer/filing/0001193125-26-088567.json
- Plain text: https://secwatch.observer/filing/0001193125-26-088567.txt

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