Short answer
AeroVironment Inc (AVAV) filed an 8-K current report with the SEC on April 13, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers), Item 7.01 (Regulation FD Disclosure), Item EX-99.1 (Exhibit EX-99.1). Sean Woodward becomes Executive Vice President and CFO on May 1, 2026, succeeding retiring CFO Kevin McDonnell.
AeroVironment Inc 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Sean Woodward becomes Executive Vice President and CFO on May 1, 2026, succeeding retiring CFO Kevin McDonnell
- McDonnell remains CFO through April 30, 2026, then supports transition in a non-officer role through July 31, 2026
- Internal succession reduces disruption risk, with Woodward having held progressively senior finance roles since joining in 2010
- Woodward’s compensation includes $515,000 salary and 70% fiscal 2027 target bonus opportunity
- Fiscal 2027 equity awards total $1,133,000, including performance-based and three-year time-vesting awards
Item 7.01 · Regulation FD Disclosure
- Exhibit 99.1 furnished under Regulation FD and excluded from Section 18 filing liabilities
- Disclosure not incorporated into Securities Act registration statements absent explicit reference
Item EX-99.1 · Exhibit EX-99.1
- Sean Woodward appointed Executive Vice President and CFO effective May 1, 2026
- Kevin McDonnell stepping down as CFO, remaining in an advisory role through July 2026
- Internal succession preserves institutional knowledge during AV’s growth and integration efforts
- Woodward brings more than 22 years of defense-technology finance experience, including over 15 years at AV
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