Routine board refresh with a well-qualified aerospace industry veteran. No immediate trading catalyst, monitor for any strategic shifts or contract wins that Ambrose's Lockheed Martin background might influence.
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Executive Summary
Firefly Aerospace announced the resignation of director Thomas Zurbuchen (effective Sep 30, 2026) and the appointment of Rick Ambrose, former EVP of Lockheed Martin's $12B Space business, as a Class III director effective Oct 5, 2026. Ambrose also joins the Audit and Compensation Committees. This is a routine board refresh with no disagreement cited for the departure.
Key Facts
- Thomas Zurbuchen resigned as director effective September 30, 2026; resignation was not due to any disagreement with the company.
- Rick Ambrose, age 68, appointed as Class III director effective October 5, 2026, with term expiring at 2028 annual meeting.
- Ambrose also appointed to the Audit Committee and Compensation Committee.
- Ambrose is independent under Nasdaq and SEC rules, including Rule 10A-3 for Audit Committee service.
- Ambrose retired in March 2022 as EVP-Space at Lockheed Martin, leading its $12 billion Space business.
- Ambrose currently serves on the board of Textron Inc. (NYSE: TXT).
- New director compensation: $100,000 annual cash retainer, one-time RSU grant of $150,000, and annual RSU grant of $150,000.
Financial Impact
Routine director compensation, $100k annual cash retainer plus $150k initial RSU grant and $150k annual RSU grant; immaterial relative to company size.
Risk Factors
- No material risks identified from this routine governance filing.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-415543 |
| Document: 0001193125-26-415543-index-headers.html | 0001193125-26-415543 |
| Document: 0001193125-26-415543-index.html | 0001193125-26-415543 |
| Document: 0001193125-26-415543.txt | 0001193125-26-415543 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 25d ago | 3 | $20.67 $20.00 | ▼ −3.24% | ▼ −3.84% | $17.93 (−13.23%) |
Oct 6, 2026 26d ago | 8-K | $21.51 $20.67 | ▼ −3.91% | ▼ −3.48% | $17.93 (−16.62%) |
Aug 11, 2026 11w ago | Press Release | $26.54 $26.77 | ▲ +0.87% | ▲ +0.17% | $17.93 (−32.42%) |
Aug 9, 2026 12w ago | Institutional Cluster | $25.76 $26.36 | ▲ +2.33% | ▲ +2.65% | $17.93 (−30.38%) |
Jul 15, 2026 15w ago | Press Release | $19.03 $19.27 | ▲ +1.26% | ▲ +2.25% | $17.93 (−5.75%) |
Jun 30, 2026 17w ago | Press Release | $28.37 $28.90 | ▲ +1.87% | ▲ +2.00% | $17.93 (−36.78%) |
Jun 2, 2026 21w ago | 8-K | $43.37 $39.78 | ▼ −8.28% | ▼ −7.58% | $17.93 (−58.65%) |
May 29, 2026 22w ago | EFFECT | $46.49 $44.24 | ▼ −4.84% | ▼ −5.10% | $17.93 (−61.42%) |
May 28, 2026 22w ago | Press Release | $46.49 $44.24 | ▲ +4.84% | ▲ +5.10% | $17.93 (+61.42%) |
May 26, 2026 22w ago | Press Release | $57.28 $49.37 | ▼ −13.81% | ▼ −14.35% | $17.93 (−68.69%) |
US Market Status
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