Redwire President Andrew Rush to depart Dec 9; CEO Peter Cannito assumes role

Redwire Corp

Andrew Rush, President and COO, to leave Redwire effective Dec 9, 2022; role absorbed by Chairman/CEO Peter Cannito.
Separation agreement provides $381,750 severance paid over 12 months plus pro-rated 2022 bonus.
Unvested RSUs (76,350 from 2021, 38,175 from 2022) and options (152,700 from 2021, 76,350 from 2022) continue to vest through severance period.
297,000 Tranche II Class P Units in AE Red Holdings will also continue vesting without employment requirement.
Reaffirms restrictive covenants; Rush will provide consulting as needed for no extra consideration.

item 5.02 item 9.01

Executive movements

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Departed

Andrew Rush

President and Chief Operating Officer

RDW · Redwire Corp

Effective: 2022-12-09
Successor: Peter Cannito
Filed: November 22, 2022, 6:59 PM ET

On November 20, 2022, Redwire Corporation (the “Company”) and Andrew Rush, current President and Chief Operating Officer of the Company, mutually agreed that Mr. Rush’s employment with the Company would terminate, effective December 9, 2022.

Appointed

Peter Cannito

President

RDW · Redwire Corp

Effective: 2022-12-09
Filed: November 22, 2022, 6:59 PM ET

The role of president will be assumed by Peter Cannito, the current Chairman and Chief Executive Officer of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Andrew Rush was terminated as President and Chief Operating Officer at Redwire Corp.

Action: terminated
Role: President and Chief Operating Officer

Exact text from the filing

On November 20, 2022, Redwire Corporation (the “Company”) and Andrew Rush, current President and Chief Operating Officer of the Company, mutually agreed that Mr. Rush’s employment with the Company would terminate, effective December 9, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Peter Cannito was appointed as President at Redwire Corp.

Action: assumed
Role: President

Exact text from the filing

The role of president will be assumed by Peter Cannito, the current Chairman and Chief Executive Officer of the Company.

View on SEC.gov

Redwire Corp filing history →

Source: SEC EDGAR

accession 0001819810-22-000163

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