AST SpaceMobile names Sean Wallace as CFO, replacing retired Thomas Severson

AST SpaceMobile, Inc.

Thomas Severson retired as CFO, COO, and director; no disagreements with the company.
Sean Wallace appointed EVP and CFO effective May 10, 2022; previously CFO of Cogent Communications.
Wallace receives $250k base salary and 700,000 RSUs (400k time-vesting over 4 years, 300k performance-based).
Severance: 75% salary for 9 months, accelerated vesting on 100k RSUs, plus performance RSUs if targets met within 120 days.
Company preparing for BlueWalker 3 test satellite launch in summer 2022.

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.

Departed

Thomas Severson

Chief Financial Officer, Chief Operating Officer, and director

ASTS · AST SpaceMobile, Inc.

Effective: 2022-04-28
Successor: Sean Wallace
Filed: April 29, 2022, 7:59 PM ET

Mr. Severson retired from the role of Chief Financial Officer, Chief Operating Officer, and director of the Company.

Appointed

Sean Wallace

Executive Vice President and Chief Financial Officer

ASTS · AST SpaceMobile, Inc.

Effective: 2022-05-10
Filed: April 29, 2022, 7:59 PM ET

On April 29, 2022, AST SpaceMobile, Inc. (the “Company”) announced that its Board of Directors will appoint Sean Wallace as Executive Vice President and Chief Financial Officer of the Company, replacing Thomas Severson, effective May 10, 2022 (the “Effective Date”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Thomas Severson retired as Chief Financial Officer, Chief Operating Officer, and director at AST SpaceMobile, Inc..

Action: retired
Role: Chief Financial Officer, Chief Operating Officer, and director

Exact text from the filing

Mr. Severson retired from the role of Chief Financial Officer, Chief Operating Officer, and director of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Sean Wallace was appointed as Executive Vice President and Chief Financial Officer at AST SpaceMobile, Inc..

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On April 29, 2022, AST SpaceMobile, Inc. (the “Company”) announced that its Board of Directors will appoint Sean Wallace as Executive Vice President and Chief Financial Officer of the Company, replacing Thomas Severson, effective May 10, 2022 (the “Effective Date”).

View on SEC.gov

AST SpaceMobile, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-011486

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.