8-KCurrent report
Officer or director change
✓ VerifiedStarfighters Space raised CEO Tim Franta's base salary from $108,000 to $350,000 and CFO David Whitney's from $180,000 to $300,000, with back-pay approved on September 28, 2026.
Filed Oct 2, 2026 · 16:30 ET
Summary
- On September 28, 2026, the compensation committee and Board of Starfighters Space approved increasing CEO Tim Franta's annual base salary from $108,000 to $350,000, with a maximum annual bonus of up to 50% of the new base salary.
- CFO David Whitney's annual base salary was increased from $180,000 to $300,000, with a maximum annual bonus of up to 30% of the new base salary.
- Any portion of the maximum bonus payable in excess of $75,000 is paid 65% in cash and 35% in restricted share units, with those RSUs vesting in equal installments over three years from the grant date.
- The Board approved back-pay for Mr. Franta covering the period from March 1, 2026 through the Effective Date, calculated against a $350,000 base salary.
- The Board approved back-pay for Mr. Whitney covering the period from June 24, 2026 through the Effective Date, calculated against a $300,000 base salary.
Key facts
- CEO new base salary
- from $108,000 to $350,000
From the filing for CEO new base salary
“increase to the annual base salary of Tim Franta, the Company's Chief Executive Officer, from $108,000 to $350,000 with a maximum annual bonus of up to 50% of the new annual base salary”
- CFO new base salary
- from $180,000 to $300,000
From the filing for CFO new base salary
“increase to the annual base salary of David Whitney, the Company's Chief Financial Officer, from $180,000 to $300,000 with a maximum annual bonus of up to 30% of the new annual base salary”
- Bonus payment structure
- 65% in cash and 35% in restricted share units
From the filing for Bonus payment structure
“Any portion of the maximum bonus payable in excess of $75,000 shall be paid 65% in cash and 35% in restricted share units”
- RSU vesting
- three years from the applicable grant date
From the filing for RSU vesting
“with such RSUs vesting in equal installments over three years from the applicable grant date”
- Effective Date
- September 28, 2026
From the filing for Effective Date
“On September 28, 2026 (the " Effective Date "), the compensation committee”
- Franta back-pay start
- March 1, 2026
From the filing for Franta back-pay start
“the aggregate amounts paid to him from March 1, 2026 through the Effective Date”
- Whitney back-pay start
- June 24, 2026
From the filing for Whitney back-pay start
“the aggregate amounts paid to him from June 24, 2026 through the Effective Date”
Why it mattersThe filing discloses raised executive compensation and retroactive back-pay for the CEO and CFO of a NYSE American-listed launch company.
- Filed
- Oct 2, 2026
- Accepted
- 2026-10-02 20:30Z
- Period
- Sep 28, 2026
- Accession no.
- 0001062993-26-005167
- Size
- 221 KB
- Index
- Filing index