XTI Aerospace Files 8-K/A Amendment

TL;DR

XTI Aerospace filed an 8-K/A amendment on Sep 4, 2025, updating director/officer info and financials.

AI Summary

XTI Aerospace, Inc. filed an amendment (8-K/A) on September 11, 2025, to a previous report dated September 4, 2025. This amendment pertains to the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements. The filing also includes financial statements and exhibits.

Why It Matters

This filing provides updated information regarding the company's board and executive appointments, which can signal changes in strategic direction or governance.

Risk Assessment

Risk Level: medium — Amendments to 8-K filings, especially those concerning director and officer changes, can indicate internal shifts that may impact the company's future performance.

Key Players & Entities

• XTI Aerospace, Inc. (company) — Registrant
• September 4, 2025 (date) — Earliest event reported date
• September 11, 2025 (date) — Filing date
• Nevada (jurisdiction) — State of incorporation

FAQ

Key Financial Figures

• $600,000 — to receive an annualized base salary of $600,000, payable according to the Company's pay
• $10 m — its subsidiary equal to or in excess of $10 million, Mr. Tapp is entitled to a bonus
• $475,000 — ion S-K, other than with respect to (i) $475,000 of consulting fees earned by Ancora Man
• $0.19 — stock options with an exercise price of $0.19 prior to the 1-for-250 reverse stock sp
• $2.00 — . Each Option has an exercise price of $2.00 per share. The Options have the followi

Filing Documents

• ea0257061-8ka1_xtiaero.htm (8-K/A) — 46KB
• 0001213900-25-086879.txt ( ) — 216KB
• xtia-20250904.xsd (EX-101.SCH) — 3KB
• xtia-20250904_lab.xml (EX-101.LAB) — 33KB
• xtia-20250904_pre.xml (EX-101.PRE) — 22KB
• ea0257061-8ka1_xtiaero_htm.xml (XML) — 4KB

02 Departure of Directors or Certain

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of Michael A. Tapp as Chief Operating Officer Effective as of September 1, 2025, the compensation committee (the "Compensation Committee") of the board of directors (the "Board") of XTI Aerospace, Inc. (the "Company") appointed Michael A. Tapp as the Company's Chief Operating Officer. In connection therewith, the Company entered into an employment agreement with Mr. Tapp on September 5, 2025, effective as of September 1, 2025 (the "Employment Agreement"). Michael A. Tapp, 55, has served, since September 2024, as chairman of the Company's Corporate Advisory Board, which is assisting the Company in evaluating strategic opportunities. Mr. Tapp is an operating partner for Palingen Capital and has served in a similar role for HBC Investments, a private equity firm, after almost a decade of leadership roles at Interstate Battery where he was an officer on the senior executive team, the President of Interstate's multi-unit franchise system, and the President of Interstate's industrial power management business. He also has contributed to the Investment Committee of the SBoTX Foundation as well as to the boards of directors and corporate advisory boards of several growth stage companies with international footprints. Before joining Interstate, Michael held senior executive roles at both operating and private equity organizations while serving on the Executive Committee of the Center for New Ventures and Entrepreneurship at Texas A&M University's Mays School of Business. Pursuant to the terms of the Employment Agreement, Mr. Tapp is entitled to receive an annualized base salary of $600,000, payable according to the Company's payroll policies for senior officer employees, and which base salary is subject to an annual review between Mr. Tapp and the Company's Chief Executive Officer in light of annual tar

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. Exhibit No. Description 10.1+ Employment Agreement, dated September 1, 2025, by and between XTI Aerospace, Inc. and Michael A. Tapp (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K, filed with the SEC on September 5, 2025). 10.2+ Form of Indemnification Agreement (incorporated by reference to Exhibit 10.4 to the Company's Current Report on Form 8-K, filed with the SEC on March 15, 2024). 10.3+ Form of Non-Qualified Stock Option Agreement pursuant to the Amended and Restated XTI Aerospace, Inc. 2018 Employee Stock Incentive Plan (incorporated by reference to Exhibit 10.3 to the Company's Current Report on Form 8-K, filed with the SEC on August 21, 2025). 10.4+ Side Letter, dated September 1, 2025, from XTI Aerospace, Inc. to Michael A. Tapp (incorporated by reference to Exhibit 10.4 to the Company's Current on Form 8-K, filed with the SEC on September 5, 2025). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). + Indicates a management contract or compensatory plan, contract or arrangement. 4 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. XTI AEROSPACE, INC. Date: September 11, 2025 By: /s/ Brooke Turk Name: Brooke Turk Title: Chief Financial Officer 5

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View this 8-K/A filing on SEC EDGAR