Kratos Defense & Security Solutions Appoints New Directors to the Board

Kratos Defense & Security Solutions, a leading technology company in the defense, national security, and global markets, has announced the retirement of two directors and the appointment of two new directors to its board of directors. The retirees, Samuel Liberatore and Jane Judd, have been part of the board since 2009 and 2011, respectively. They will be replaced by retired Army Col. Brad Boyd and recently retired long-time equity fund Portfolio Manager Dan Hagen, who will bring significant experience and expertise to the board.

Key Takeaways:

• Samuel Liberatore and Jane Judd, who joined the board in 2009 and 2011, respectively, have retired effective November 1, 2023, citing their decision to step down from the board.
• The board has appointed retired Army Col. Brad Boyd and Dan Hagen, a former Portfolio Manager for Peregrine Capital Management, to replace the retirees, effective November 1, 2023.
• Brad Boyd brings significant experience as a defense and national security policy advisor and military operator, while Dan Hagen has expertise in financial acumen and small cap growth management.
• The board has been carefully considering adding directors with important relevant experience over the last several years, and the appointments demonstrate this ongoing commitment.
• The new directors will join the board in its decision-making processes, including capital allocation and investment, as the company continues its momentum in developing unmanned aerial drone systems, space and satellite communications, cyber warfare, and AI-enabled operations.

Statistics:

• Kratos has appointed a total of two new directors to its board of directors, effective November 1, 2023.
• The retirees, Samuel Liberatore and Jane Judd, have a combined tenure of over 13 years on the board.
• The new directors, Brad Boyd and Dan Hagen, bring a total of decades of experience in defense, national security, and finance to the board.

Sources:

• SEC filing (Form 8-K) dated November 2, 2023
• Globe Newswire press release dated November 2, 2023