Red Cat Holdings, Inc. - Form 8-K Filing

This Form 8-K filing reports on the termination of Geoffrey Hitchcock, Chief Revenue Officer, effective July 23, 2026. The Board of Directors determined that grounds for "Cause" existed under his employment agreement. Consequently, Mr. Hitchcock is not entitled to severance benefits or accelerated equity vesting, beyond salary and benefits earned up to the termination date. Following this decision, on July 21, 2026, Mr. Hitchcock filed a civil complaint against the Company, alleging retaliatory termination, breach of contract, and breach of the implied covenant of good faith and fair dealing, seeking unspecified damages. The Company disputes these claims, intends to defend itself vigorously, and is considering potential counterclaims.