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AI brief of an SEC Form 8-K · Starfighters Space, Inc. (FJET)

Starfighters Space raises CEO and CFO base salaries and approves back pay

Neutral Impact 3 of 5 leadership Written later

On September 28, 2026, Starfighters Space's board and compensation committee raised CEO Tim Franta's base salary from $108,000 to $350,000 and CFO David Whitney's from $180,000 to $300,000, and approved back pay tied to those increases. The filing does not state the back-pay amounts, so shareholders cannot yet see the total cost of the change.

Key points

  • CEO Tim Franta: base salary raised from $108,000 to $350,000, with a maximum annual bonus of up to 50% of the new salary.
  • CFO David Whitney: base salary raised from $180,000 to $300,000, with a maximum annual bonus of up to 30% of the new salary.
  • Back pay covers Franta from March 1, 2026 and Whitney from June 24, 2026, through the September 28, 2026 effective date.
  • Bonus amounts above $75,000 are paid 65% in cash and 35% in restricted share units vesting over three years.

The filing

CompanyStarfighters Space, Inc. (FJET)
Form8-K, current report
Filed with the SECOct 2, 2026, 4:30 PM ET
Accession number0001062993-26-005167

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 02, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.