8-K: Current report
Published on October 2, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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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
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SECTION 5 - CORPORATE GOVERNANCE AND MANAGEMENT
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Compensation Adjustments
On September 28, 2026 (the "Effective Date"), the compensation committee (the "Committee") of the board of directors (the "Board") as well as the Board of Starfighters Space, Inc. (the "Company") approved (i) an increase to the annual base salary of Tim Franta, the Company's Chief Executive Officer, from $108,000 to $350,000 with a maximum annual bonus of up to 50% of the new annual base salary, and (ii) an increase to the annual base salary of David Whitney, the Company's Chief Financial Officer, from $180,000 to $300,000 with a maximum annual bonus of up to 30% of the new annual base salary. Any portion of the maximum bonus payable in excess of $75,000 shall be paid 65% in cash and 35% in restricted share units ("RSUs"), with such RSUs vesting in equal installments over three years from the applicable grant date.
Back Pay Amounts
In connection with the compensation adjustments, the Committee and the Board approved the payment of back-pay for (i) Mr. Franta equal to the difference between (a) the aggregate amounts paid to him from March 1, 2026 through the Effective Date, and (b) the aggregate amounts that would have been payable to Mr. Franta during such period had his annual base salary been $350,000, and (ii) Mr. Whitney equal to the difference between (a) the aggregate amounts paid to him from June 24, 2026 through the Effective Date, and (b) the aggregate amounts that would have been payable to Mr. Whitney during such period had his annual base salary been $300,000.
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit | Description | |
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document) |
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.
| STARFIGHTERS SPACE, INC. | ||
| DATE: October 2, 2026 | By: | /s/ Tim Franta |
| Tim Franta | ||
| Chief Executive Officer | ||
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