8-KCurrent report
Officer or director change
✓ VerifiedSatellogic appointed Frank Dixon Whitworth III, former Director of the National Geospatial-Intelligence Agency, as President effective September 7, 2026, with a $400,000 base salary.
Filed Sep 8, 2026 · 16:18 ET
Summary
- On September 4, 2026, Satellogic's Board approved the appointment of Frank Dixon Whitworth III as President, effective September 7, 2026.
- Mr. Whitworth, age 59, is a retired U.S. Navy Vice Admiral who served as the eighth Director of the National Geospatial-Intelligence Agency from June 2022 until his retirement in December 2025.
- His offer letter provides an annual base salary of $400,000, an annual performance bonus with a target of $240,000, and an annual restricted stock unit grant with a grant date value of $750,000.
- The RSU grant is increased to a grant date value of $1,875,000 for his first year, with no RSU grant in 2027, and the initial grant vests quarterly over five years.
- Whitworth has served as a strategic advisor to Satellogic since March 2026 and founded Whitworth Strategies, LLC in January 2026.
- If terminated without cause or resigning with good reason within 12 months of a change of control, all unvested time-based equity awards become fully vested.
Key facts
- New President
- Frank Dixon Whitworth III
From the filing for New President
“the Board of Directors (the "Board") of Satellogic Inc. (the "Company") approved the appointment of Frank Dixon Whitworth III ("Mr. Whitworth") as President of the Company”
- Effective date
- September 7, 2026
From the filing for Effective date
“as President of the Company, effective as of September 7, 2026”
- Prior role
- eighth Director of the National Geospatial-Intelligence Agency
From the filing for Prior role
“He most recently served as the eighth Director of the National Geospatial-Intelligence Agency (the "NGA") from June 2022 until his retirement from the U.S. Navy in December 2025”
- Base salary
- $400,000
From the filing for Base salary
“an annual base salary of $400,000”
- Target bonus
- $240,000
From the filing for Target bonus
“an annual performance bonus with a target amount of $240,000”
- Annual RSU grant
- $750,000
From the filing for Annual RSU grant
“an annual restricted stock unit grant with a grant date value of $750,000”
- First-year RSU grant
- $1,875,000
From the filing for First-year RSU grant
“increased to a grant date value of $1,875,000 for Mr. Whitworth's first year of employment, with no RSU grant in 2027”
- Severance
- six months of base salary
From the filing for Severance
“Mr. Whitworth will receive severance consisting of six months of base salary, a prorated annual performance bonus for the year of termination based on actual performance”
Why it mattersSatellogic added a former head of the National Geospatial-Intelligence Agency as President, placing a senior U.S. defense and intelligence leader in the company's executive ranks.
- Filed
- Sep 8, 2026
- Accepted
- 2026-09-08 20:18Z
- Period
- Sep 4, 2026
- Accession no.
- 0001874315-26-000042
- Size
- 183 KB
- Index
- Filing index