---
schema_version: "secwatch.filing_event.v1"
accession: "0001554795-24-000115"
form_type: "8-K"
ticker: "RCAT"
cik: "0000748268"
company_name: "Red Cat Holdings, Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T07:37:52.844596+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Red Cat sets FY2025/26 director compensation; Funk named Nominating committee chair

## Summary
- Independent directors to receive $50,000 base annual cash, with lead director Joseph Friedman receiving $95,000 total cash.
- Lead director and audit committee chair each get $85,000 in annual RSUs; other directors get $75,000 in annual RSUs.
- RSU awards cover two-year periods; all RSUs vest on second anniversary with customary change-of-control accelerators.
- Paul Funk II appointed Chair of Nominating and Governance Committee, effective May 6, 2024.
- Cash compensation paid in 12 equal monthly installments; RSUs granted under 2019 Equity Incentive Plan.

## SEC filing metadata
- accession: 0001554795-24-000115
- form_type: 8-K
- ticker: RCAT
- cik: 0000748268
- company_name: Red Cat Holdings, Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/748268/000155479524000115/0001554795-24-000115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/748268/000155479524000115/rcat0509form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001554795-24-000115
- JSON: https://secwatch.observer/filing/0001554795-24-000115.json
- Plain text: https://secwatch.observer/filing/0001554795-24-000115.txt

## Key facts
- Executive change
  Paul Funk, II was appointed as Chair, Nominating and Governance Committee at Red Cat Holdings, Inc..
  - Action: appointed
  - Role: Chair, Nominating and Governance Committee
  source text: Paul Funk, II (3) Chair, Nominating and Governance Committee
  evidence_url: https://www.sec.gov/Archives/edgar/data/748268/000155479524000115/0001554795-24-000115-index.htm

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