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Vertical Aerospace appoints Clyde Woltman director

Mudrick Capital Management L.P. proposed Woltman under its director appointment rights, as Carsten Stendevad and James Keith Brown's resignations took effect October 5, 2026.

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Form Type
6-K

Rhea-AI Filing Summary

Vertical Aerospace Ltd. appointed Clyde Woltman as a director effective October 5, 2026. Mudrick Capital Management L.P. proposed his appointment under director appointment rights in the company’s amended and restated memorandum and articles of association.

Carsten Stendevad and James Keith Brown gave notice of their intention to resign on October 1, 2026, and agreed with the Board that their resignations would take effect October 5, 2026. Woltman served as Chief Executive Officer of Leonardo Helicopters US from 2022 to 2026; the company’s announcement says he led a $1 billion business spanning sales, engineering, certification, production, customer support and research and development.

Filing Explained

The company incorporates this 6-K’s information, excluding Exhibit 99.1, into the listed Form F-3 registration statements from the filing date, making the report’s non-exhibit disclosure part of those registration statements.

Leonardo Helicopters US CEO tenure 2022–2026 Clyde Woltman served as Chief Executive Officer
Business led $1 billion Leonardo Helicopters US business spanning operations across the Americas
Valo passenger capacity four passengers Piloted eVTOL aircraft
Valo pre-orders c.1,500 pre-orders Customers across four continents
Customer reach four continents Valo pre-orders
eVTOL technical
"electric vertical take-off and landing (“eVTOL”) aircraft"
eVTOL stands for "electric vertical takeoff and landing" aircraft, which are small, electric-powered vehicles capable of taking off and landing vertically like a helicopter. They are designed to provide quick, on-demand transportation within cities or between locations, potentially transforming urban mobility. For investors, eVTOLs represent a growing segment of innovative transportation technology with potential for significant market impact and future growth.
Foreign Military Sales regulatory
"U.S. Government and Foreign Military Sales programmes globally"
Foreign military sales are transactions where one country sells military equipment, technology, or services to another country. These sales often involve government agreements and can influence international relationships and stability. For investors, understanding foreign military sales can indicate geopolitical stability and potential shifts in defense-related industries or government spending.
hybrid-electric variant technical
"developing a hybrid-electric variant"
advanced air mobility technical
"advanced air mobility market"
Advanced air mobility involves the development and use of new types of aircraft, such as electric or hybrid vehicles, to transport people and goods through the air more efficiently and safely. It aims to improve urban transportation, reduce traffic congestion, and open up new markets for aerial services. For investors, it represents a growing industry with potential for technological innovation and future economic impact.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who joined the EVTL board and when?

Vertical Aerospace appointed Clyde Woltman as a director effective October 5, 2026. Mudrick Capital Management L.P. proposed the appointment under its director appointment rights in the company’s amended and restated memorandum and articles of association.

Which EVTL directors resigned, and when did their resignations take effect?

Carsten Stendevad and James Keith Brown agreed with the Board that their resignations would take effect October 5, 2026. They gave notice of their intention to resign on October 1, 2026.

What experience does Clyde Woltman bring to the EVTL board?

Clyde Woltman served as Chief Executive Officer of Leonardo Helicopters US from 2022 to 2026, leading a $1 billion business spanning sales, engineering, certification, production, customer support and R&D across the Americas. He also held senior leadership positions at Aerojet Rocketdyne and Pratt & Whitney.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO SECTION 13A-16 OR 15D-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of October 2026

 

Commission File Number: 001-41169

 

 

Vertical Aerospace Ltd.

(Exact Name of Registrant as Specified in Its Charter)

 

 

Unit 1 Camwal Court, Chapel Street

Bristol BS2 0UW

United Kingdom

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F  x            Form 40-F  ¨

 

 

 

 

 

 

INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

 

Director Changes

 

On October 4, 2026, the Board of Directors (the “Board”) of Vertical Aerospace Ltd. (the “Company”) appointed Clyde Woltman to serve as a director of the Company, effective October 5, 2026 (the “Effective Date”).

 

Mr. Woltman previously served as Chief Executive Officer of Leonardo Helicopters US from 2022 to 2026. Before joining Leonardo, he held senior leadership positions at Aerojet Rocketdyne, now part of L3Harris Technologies, and Pratt & Whitney. Mr. Woltman also served in the U.S. Marine Corps, retiring with the rank of Colonel. He has experience in military aviation, operations, strategy and program delivery.

 

Mr. Woltman’s appointment was proposed by Mudrick Capital Management L.P. pursuant to its director appointment rights set forth in the Company’s amended and restated memorandum and articles of association.

 

On October 1, 2026, Carsten Stendevad and James Keith Brown provided notice to the Board of their intention to resign as members of the Board, and subsequently agreed with the Board for their resignations to take effect on October 5, 2026.  The Board thanks Mr. Stendevad and Mr. Brown for their service to the Company and wishes them the best in their future endeavors.

 

A copy of the press release announcing Mr. Woltman’s appointment to the Board is furnished herewith as Exhibit 99.1.

 

Forward-Looking Statements

 

This Report of Foreign Private Issuer on Form 6-K (the “Form 6-K”) contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any express or implied statements contained in this Form 6-K that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding anticipated Board changes, as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “is/are likely to” and similar statements of a future or forward-looking nature. These forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including, without limitation, the important factors discussed under the caption “Risk Factors” in the Company's Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on March 24, 2026, as such factors may be updated from time to time in the Company’s other filings with the SEC. Any forward-looking statements contained in this Form 6-K speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. The Company disclaims any obligation or undertaking to update or revise any forward-looking statements contained in this Form 6-K, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.

 

 

 

 

INCORPORATION BY REFERENCE

 

The information included in this Report on Form 6-K (excluding Exhibit 99.1) is hereby incorporated by reference into the Company’s Registration Statement on Form F-3 (File No. 333-270756, File No. 333-284763, File No. 333-287207, File No. 333-292448, File No. 333-295988, File No. 333-297060 and File No. 333-298605) (including any prospectuses forming a part of such registration statements) and to be a part thereof from the date on which this Report on Form 6-K is filed, to the extent not superseded by documents or reports subsequently filed or furnished.

 

 

 

 

EXHIBIT INDEX

 

Exhibit
No.
  Description
99.1   Press release of Vertical Aerospace Ltd. dated October 5, 2026

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  Vertical Aerospace Ltd.
     
Date: October 5, 2026 By: /s/ Stuart Simpson
    Stuart Simpson
    Chief Executive Officer

 

 

 

Exhibit 99.1

 

VERTICAL AEROSPACE APPOINTS FORMER LEONARDO HELICOPTERS U.S. CEO AND U.S. MILITARY LEADER CLYDE WOLTMAN TO BOARD OF DIRECTORS

 

Appointment further strengthens Vertical’s Board with U.S. defence, government and aerospace commercialisation expertise as the Company advances its commercial, hybrid-electric, autonomous and defence strategy

 

London, UK & New York, USA – 5 October 2026– Vertical Aerospace (“Vertical” or the “Company”) [NYSE: EVTL], a global aerospace and technology company pioneering electric vertical take-off and landing (“eVTOL”) aircraft, today announced the appointment of Clyde M. Woltman to its Board of Directors, effective 5 October 2026.

 

Mr. Woltman previously served as Chief Executive Officer of Leonardo Helicopters US, where he led a $1 billion business spanning sales, engineering, certification, production, customer support and R&D across the Americas, alongside U.S. Government and Foreign Military Sales programmes globally.

 

Before joining Leonardo, he held senior leadership roles at Aerojet Rocketdyne, now part of L3Harris Technologies, and Pratt & Whitney, overseeing advanced defence and aerospace programmes, including the F135 propulsion system for the F-35 Joint Strike Fighter.

 

A retired U.S. Marine Corps Colonel, Mr. Woltman brings extensive leadership experience in military aviation, operations, strategy and programme delivery, including command roles during combat operations.

 

Mr. Woltman’s appointment follows that of former Airbus Commercial Aircraft CEO Fabrice Brégier as Chair of Vertical’s Board.

 

Stuart Simpson, CEO of Vertical Aerospace, said:

 

“Following Fabrice’s appointment as Chair, this is another important addition to a Board built to help Vertical become a scaled, global aerospace company. As we progress Valo towards certification and commercialisation, we are focused on disciplined execution, expanding our platform across hybrid-electric, autonomous and defence applications. Clyde brings an exceptional combination of aerospace leadership, industrial execution and direct experience with U.S. defence and international government communities at a pivotal stage in Vertical’s development.”

 

Clyde Woltman, Board member at Vertical Aerospace, said:

 

"Vertical has the technology, team and strategic momentum to build a leading next-generation aerospace company. I am delighted to join the Board at a time when the Company is expanding its commercial opportunities while exploring the significant potential for its technology across government and defence applications."

 

In connection with the Board changes announced today, Carsten Stendevad and James Keith Brown have given notice of their intention to resign as directors. As agreed with the Board, their resignations will take effect on 5 October 2026. The Board thanks Mr. Stendevad and Mr. Brown for their service to the Company and wishes them the best in their future endeavors.

 

 

 

 

About Vertical Aerospace

 

Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner, and quieter way to travel. Valo is a piloted, four-passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions. Vertical is also developing a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market.

 

Vertical combines partnerships with leading aerospace companies, including Honeywell Aerospace, Syensqo and Sonaca, with its own proprietary battery and propeller technology to develop the world’s most advanced and safest eVTOL. Vertical has c.1,500 pre-orders of Valo, with customers across four continents, including American Airlines, Avolon, Bristow, GOL and Japan Airlines. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, UK, Vertical’s experienced leadership team comes from top-tier aerospace and automotive companies such as Rolls-Royce, Airbus, GM, and Leonardo. Together, they have previously certified and supported over 30 different civil and military aircraft and propulsion systems.

 

Forward-Looking Statements

 

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding the anticipated Board changes, the design and manufacture of our aircraft and the hybrid-electric variant, certification and the commercialization of our aircraft and our ability to achieve regulatory certification of our aircraft product on any particular timeline or at all, the features and capabilities of the aircraft, business strategy and plans and objectives of management for future operations, including the building and testing of our prototype aircraft on timelines projected, completion of the piloted test programme phases, selection of suppliers, as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “is/are likely to” and similar statements of a future or forward-looking nature. These forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including, without limitation, the important factors discussed under the caption “Risk Factors” in Vertical’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on March 24, 2026, as such factors may be updated from time to time in Vertical’s other filings with the SEC. Any forward-looking statements contained in this Form 6-K speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. Vertical disclaims any obligation or undertaking to update or revise any forward-looking statements contained in this Form 6-K, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.

 

 

Media:

 

Justin Bates, Head of Communications

 

justin.bates@vertical-aerospace.com

 

+44 7878 357 463

 

Investor Relations:

 

Gillian Levine, Investor Relations Lead

 

gillian.levine@vertical-aerospace.com

 

+1 248 470 8732

 

 

 

Filing Exhibits & Attachments

1 document

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