Redwire Corp (RDW) - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K, dated October 2, 2025, reports significant leadership transitions at Redwire Corporation, a Delaware corporation. The filing details the retirement of the Chief Financial Officer (CFO), the appointment of a successor, and changes to the Board of Directors. The company is an emerging growth company.
Key Financial Metrics and Compensation Arrangements
This filing does not report operational financial metrics such as revenue, profit, cash flow, or debt levels. It focuses exclusively on executive compensation and severance terms:
- Outgoing CFO (Jonathan Baliff): Retirement package includes 12 months of base salary, one-time target bonus, pro-rata 2025 bonus, continued vesting of equity through December 31, 2026, and COBRA coverage for one year.
- Incoming CFO (Chris Edmunds): Annualized base salary of $420,000; target annual bonus of 100% of base salary; initial 2026 equity grant target value of 150% of base salary.
- Severance Terms (Edmunds): 12 months of base salary for termination without cause outside a Change in Control; 18 months of base salary plus 1.5x target bonus and immediate full equity vesting if terminated within 12 months of a Change in Control.
Material Changes Versus Prior Period
The filing reports the following material changes in corporate governance and leadership:
- CFO Transition: Jonathan Baliff is retiring effective November 30, 2025, and resigning from the Board immediately. Chris Edmunds, currently Senior Vice President and Chief Accounting Officer, is appointed as the new CFO effective November 30, 2025.
- Board Composition: John Bolton resigned from the Board effective immediately. General (RET) James McConville and Dorothy D. Hayes were appointed to fill the vacancies effective October 3, 2025.
Outlook, Risks, and Management Commentary
Management characterizes the CFO transition as planned and not the result of any disagreement regarding financial or accounting matters. The appointment of Mr. Edmunds is intended to ensure a seamless transition given his nearly five years of tenure with the company and deep understanding of its operations. The new board members bring significant experience: General McConville previously led the U.S. Army with a $185 billion budget, and Ms. Hayes is a recognized expert in audit and risk management with prior executive roles at Intuit and Agilent Technologies. No specific financial risks or contingencies are disclosed in this filing.
Investor Verification Checklist
- Verify the effective date of the CFO transition (November 30, 2025) and the interim management of finance duties.
- Review the full text of the Employment Agreement (Exhibit 10.1) and Retirement Agreement (Exhibit 10.2) for specific definitions of "Cause" and "Good Reason."
- Confirm the impact of the new board appointments on committee assignments, specifically Ms. Hayes' role on the Audit Committee.
- Monitor future filings for the formal appointment of Mr. Edmunds and any changes to the company's financial reporting calendar or internal controls.