---
schema_version: "secwatch.filing_event.v1"
accession: "0001554795-24-000327"
form_type: "8-K"
ticker: "RCAT"
cik: "0000748268"
company_name: "Red Cat Holdings, Inc."
filed_at: "2024-12-02T23:59:59+00:00"
generated_at: "2026-05-29T12:25:13.434947+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001554795-24-000327
- form_type: 8-K
- ticker: RCAT
- cik: 0000748268
- company_name: Red Cat Holdings, Inc.
- filed_at: 2024-12-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/748268/000155479524000327/0001554795-24-000327-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/748268/000155479524000327/rcat1202form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001554795-24-000327
- JSON: https://secwatch.observer/filing/0001554795-24-000327.json
- Plain text: https://secwatch.observer/filing/0001554795-24-000327.txt

## Key facts
- Executive change
  George Matus departed as Chief Technology Officer at Red Cat Holdings, Inc..
  - Action: will be leaving
  - Role: Chief Technology Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/748268/000155479524000327/0001554795-24-000327-index.htm
- Executive change
  Geoffrey Hitchcock was appointed as Chief Revenue Officer at Red Cat Holdings, Inc..
  - Action: appointed
  - Role: Chief Revenue Officer
  source text: On November 27, 2024, we appointed Geoffrey Hitchcock as our new Chief Revenue Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/748268/000155479524000327/0001554795-24-000327-index.htm

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