Red Cat CTO George Matus to depart; Geoffrey Hitchcock named CRO with 575k share grant

Red Cat Holdings, Inc.

George Matus, CTO and CEO of Teal Drones, gave 30-day notice on Nov 25, 2024.
Geoffrey Hitchcock appointed Chief Revenue Officer effective Nov 27, 2024.
Hitchcock receives base salary of $230k/year, annual bonus up to $175k, and 575k shares under 2024 Omnibus Plan.
50,000 shares vest immediately; 262,500 vest on each of Oct 1, 2025 and Oct 1, 2026.
Severance includes 12 months base salary and accelerated vesting on termination without cause or for good reason.

item 5.02

Executive movements

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Departed

George Matus

Chief Technology Officer

RCAT · Red Cat Holdings, Inc.

Effective: 2024-12-25
Filed: December 2, 2024, 6:59 PM ET

On November 25, 2024, George Matus, our Chief Technology Officer and CEO of our subsidiary, Teal Drones, Inc., gave notice that he will be leaving his position in thirty (30) days.

Appointed

Geoffrey Hitchcock

Chief Revenue Officer

RCAT · Red Cat Holdings, Inc.

Effective: 2024-11-27
Filed: December 2, 2024, 6:59 PM ET

On November 27, 2024, we appointed Geoffrey Hitchcock as our new Chief Revenue Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

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

Action: will be leaving
Role: Chief Technology Officer

Exact text from the filing

On November 25, 2024, George Matus, our Chief Technology Officer and CEO of our subsidiary, Teal Drones, Inc., gave notice that he will be leaving his position in thirty (30) days.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Geoffrey Hitchcock was appointed as Chief Revenue Officer at Red Cat Holdings, Inc..

Action: appointed
Role: Chief Revenue Officer

Exact text from the filing

On November 27, 2024, we appointed Geoffrey Hitchcock as our new Chief Revenue Officer.

View on SEC.gov

Red Cat Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001554795-24-000327

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