AeroVironment Appoints New CFO
Ticker: AVAV · Form: 8-K · Filed: Dec 16, 2024
Sentiment: neutral
Topics: management-change, cfo-appointment
Related Tickers: AVNT
TL;DR
AVN names Steven Gitlin as new CFO, effective immediately.
AI Summary
On December 16, 2024, AeroVironment Inc. announced the appointment of Steven A. Gitlin as its new Chief Financial Officer, effective immediately. Gitlin, who previously served as the company's Vice President of Investor Relations and Corporate Communications, will oversee the company's financial operations. This appointment follows the departure of the previous CFO.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact investor confidence and the company's financial strategy.
Risk Assessment
Risk Level: medium — Changes in key financial leadership can introduce uncertainty regarding future financial strategy and performance.
Key Players & Entities
- AeroVironment Inc. (company) — Registrant
- Steven A. Gitlin (person) — Newly appointed Chief Financial Officer
- December 16, 2024 (date) — Effective date of appointment
FAQ
Who has been appointed as the new Chief Financial Officer of AeroVironment Inc.?
Steven A. Gitlin has been appointed as the new Chief Financial Officer of AeroVironment Inc.
When is Steven A. Gitlin's appointment as CFO effective?
Steven A. Gitlin's appointment as CFO is effective immediately as of December 16, 2024.
What was Steven A. Gitlin's previous role at AeroVironment Inc.?
Steven A. Gitlin previously served as the Vice President of Investor Relations and Corporate Communications at AeroVironment Inc.
What is the exact date of this Form 8-K filing?
The Form 8-K filing is dated December 16, 2024.
What is AeroVironment Inc.'s state of incorporation?
AeroVironment Inc.'s state of incorporation is Delaware.
Filing Stats: 429 words · 2 min read · ~1 pages · Grade level 10.8 · Accepted 2024-12-16 09:00:10
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value AVAV The NASDAQ Stock Marke
- $990,000,000 — antity contract with a ceiling value of $990,000,000 on a sole source basis to AeroVironment
Filing Documents
- tm2431148d1_8k.htm (8-K) — 23KB
- 0001104659-24-128706.txt ( ) — 191KB
- avav-20241216.xsd (EX-101.SCH) — 3KB
- avav-20241216_lab.xml (EX-101.LAB) — 33KB
- avav-20241216_pre.xml (EX-101.PRE) — 22KB
- tm2431148d1_8k_htm.xml (XML) — 4KB
01. Other Information
Item 8.01. Other Information The U.S. Government Accountability Office (the "GAO") has denied the protest filed on September 6, 2024 which challenged the U.S. Department of the Army's award of an indefinite delivery, indefinite quantity contract with a ceiling value of $990,000,000 on a sole source basis to AeroVironment, Inc. (the "Company") related to the Company's Switchblade systems. The Company intends to fulfill its obligations under the contract and any delivery orders issued thereunder throughout the term of the contract. 2 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. AEROVIRONMENT, INC. Date: December 16, 2024 By: /s/ Melissa Brown Melissa Brown Senior Vice President, General Counsel & Corporate Secretary 3