Red Cat appoints new CTO, COO departs to lead buyer of consumer segment

Red Cat Holdings, Inc.

Allan Evans resigns as COO to become CEO of Unusual Machines, which is acquiring Red Cat's consumer segment.
George Matus, Teal Drones founder/CEO, appointed CTO of Red Cat, effective Nov 27, 2023.
CFO Joseph Hernon plans to retire at end of contract on June 30, 2024.
Sale of consumer segment (Rotor Riot, Fat Shark) to Unusual Machines for $20M still pending, subject to IPO and Nasdaq listing.
Red Cat expects to become largest shareholder in Unusual Machines if consumer sale closes.

item 5.02 item 7.01

Executive movements

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

Departed

Joseph Hernon

Chief Financial Officer

RCAT · Red Cat Holdings, Inc.

Effective: 2024-06-30
Filed: November 29, 2023, 6:59 PM ET

our current Chief Financial Officer, Joseph Hernon, has notified us that he intends to retire at the end of his current employment contract on June 30, 2024.

Appointed

George Matus

Chief Technology Officer

RCAT · Red Cat Holdings, Inc.

Effective: 2023-11-27
Filed: November 29, 2023, 6:59 PM ET

Also effective November 27, 2023, George Matus, founder and CEO of our wholly owned subsidiary Teal Drones (“Teal”), has been appointed as Chief Technology Officer of Red Cat Holdings, Inc.

Departed

Allan Evans

Chief Operating Officer

RCAT · Red Cat Holdings, Inc.

Effective: 2023-11-27
Filed: November 29, 2023, 6:59 PM ET

Effective November 27, 2023, Allan Evans has resigned his position as our Chief Operating Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph Hernon departed as Chief Financial Officer at Red Cat Holdings, Inc..

Action: intends to retire
Role: Chief Financial Officer

Exact text from the filing

our current Chief Financial Officer, Joseph Hernon, has notified us that he intends to retire at the end of his current employment contract on June 30, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

George Matus was appointed as Chief Technology Officer at Red Cat Holdings, Inc..

Action: appointed
Role: Chief Technology Officer

Exact text from the filing

Also effective November 27, 2023, George Matus, founder and CEO of our wholly owned subsidiary Teal Drones (“Teal”), has been appointed as Chief Technology Officer of Red Cat Holdings, Inc.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Allan Evans resigned as Chief Operating Officer at Red Cat Holdings, Inc..

Action: resigned
Role: Chief Operating Officer

Exact text from the filing

Effective November 27, 2023, Allan Evans has resigned his position as our Chief Operating Officer.

View on SEC.gov

Red Cat Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001554795-23-000351

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