---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-045393"
form_type: "8-K"
ticker: "RCAT"
cik: "0000748268"
company_name: "Red Cat Holdings, Inc."
filed_at: "2026-06-25T15:41:08+00:00"
generated_at: "2026-06-25T15:42:15.999772+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Red Cat say-on-pay fails; two directors elected despite majority withheld votes

## Summary
- Say-on-pay advisory vote failed: 15.2M for, 21.3M against, 0.8M abstentions; did not receive majority of votes cast.
- Directors Liuzza Jr. and Funk II received more withheld votes than 'for' votes (14.3M/22.9M and 14.6M/22.7M respectively).
- Auditor ratification (KPMG) passed overwhelmingly: 70.4M for, 0.6M against, 0.4M abstentions.
- 34.2M broker non-votes on director elections and say-on-pay reflect significant uncast shares.

## SEC filing metadata
- accession: 0001628280-26-045393
- form_type: 8-K
- ticker: RCAT
- cik: 0000748268
- company_name: Red Cat Holdings, Inc.
- filed_at: 2026-06-25T15:41:08+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/748268/000162828026045393/0001628280-26-045393-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/748268/000162828026045393/rcat-20260618.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-045393
- JSON: https://secwatch.observer/filing/0001628280-26-045393.json
- Plain text: https://secwatch.observer/filing/0001628280-26-045393.txt

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