0001835512false0001835512us-gaap:WarrantMember2024-06-102024-06-100001835512us-gaap:CommonStockMember2024-06-102024-06-1000018355122024-06-102024-06-10

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 10, 2024

 

 

TERRAN ORBITAL CORPORATION

(Exact name of Registrant as Specified in Its Charter)

 

 

Delaware

001-40170

98-1572314

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

6800 Broken Sound Parkway NW, Suite 200

 

 

Boca Raton, Florida 33487

 

 

(Address of Principal Executive Offices)

 

 

(561) 988-1704

 

 

(Registrant's telephone number, including area code)

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbols

 


Name of each exchange on which registered

Common stock, par value $0.0001 per share

 

LLAP

 

New York Stock Exchange

Preferred Stock Purchase Rights

 

 

 

New York Stock Exchange

Warrants to purchase one share of common stock, each at an exercise price of $11.50 per share

 

LLAP WS

 

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Departure of Marco Villa as Chief Revenue Officer and Executive Vice President

On June 10, 2024, Marco Villa, Chief Revenue Officer and Executive Vice President of Terran Orbital Corporation (the “Company”), notified the Company of his decision to resign from his position, with an anticipated effective date of June 30, 2024 (the “Effective Date”). Mr. Villa’s decision to resign was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Mr. Villa will continue to serve the Company in his capacity as Chief Revenue Officer and Executive Vice President until the anticipated Effective Date, and the Company expects to retain Mr. Villa in a consulting capacity following such date.

SIGNATURES

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.

 

 

 

TERRAN ORBITAL CORPORATION

 

 

 

 

Date:

June 14, 2024

By:

/s/ Marc Bell

 

 

 

Marc Bell

Chairman and CEO

 

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Document and Entity Information
Jun. 10, 2024
Document Information [Line Items]  
Document Type 8-K
Document Period End Date Jun. 10, 2024
Entity Registrant Name TERRAN ORBITAL CORPORATION
Entity Incorporation, State or Country Code DE
Securities Act File Number 001-40170
Entity Tax Identification Number 98-1572314
Entity Address, Address Line One 6800 Broken Sound Parkway NW
Entity Address, Address Line Two Suite 200
Entity Address, City or Town Boca Raton
Entity Address, State or Province FL
Entity Address, Postal Zip Code 33487
City Area Code (561)
Local Phone Number 988-1704
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company true
Entity Ex Transition Period false
Entity Central Index Key 0001835512
Amendment Flag false
Common Stock [Member]  
Document Information [Line Items]  
Title of 12(b) Security Common stock, par value $0.0001 per share
Trading Symbol LLAP
Security Exchange Name NYSE
Warrant [Member]  
Document Information [Line Items]  
Title of 12(b) Security Warrants to purchase one share of common stock, each at an exercise price of $11.50 per share
Trading Symbol LLAP WS
Security Exchange Name NYSE
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