Starfighters Space (FJET) CEO exits over board disagreements; new chief named

Rhea-AI Filing Summary

Starfighters Space, Inc. reported significant leadership changes after its Board received resignation letters from longtime leader Rick Svetkoff and Secretary Brenda Svetkoff on February 19, 2026. Rick Svetkoff resigned as Chief Executive Officer, President, Chairman and director, while Brenda Svetkoff resigned as Secretary, each citing disagreement with the Board and the Company over operations, policies and practices.

The Company stated it respectfully disagrees with the assertions and characterizations in both resignation letters. Following these departures, on February 22, 2026 the Board appointed director and VP Development Tim Franta as Chief Executive Officer. The executive team now includes Tim Franta as CEO and director, David Whitney as Chief Financial Officer, and four independent directors.

Positive

• None.

Negative

• Top leadership resignations over disagreements: The CEO/President/Chairman and the Secretary both resigned citing disagreements with the Board over operations, policies and practices, which can indicate meaningful internal governance and strategic tensions.

Insights

Corporate governance analyst

CEO and secretary resign over board disagreements, raising governance concerns.

The departure of Rick Svetkoff as CEO, President, Chairman and director, alongside Secretary Brenda Svetkoff, centers on stated disagreements with the Board over operations, policies and practices. Such dispute-driven exits often signal internal tension around strategy or oversight.

The Board quickly elevated existing director and VP Development, Tim Franta, to Chief Executive Officer, which maintains continuity but concentrates more responsibility in one executive. The Company’s explicit disagreement with the resignation letters highlights a divided perspective, and future filings may clarify how this governance shift affects operations and stakeholder confidence.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 19, 2026

STARFIGHTERS SPACE, INC.
(Exact name of registrant as specified in its charter)

Delaware	001-43009	92-1012803
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

505 Odyssey Way, Suite 203
Kennedy Space Center, Florida, United States 32952
(Address of principal executive offices) (ZIP Code)

Registrant’s telephone number, including area code: (321) 261-0900

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbols		Name of each exchange on which registered
Common Stock		FJET		NYSE American LLC

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 ☑

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 

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.

(a) On February 19, 2026, the Board of Starfighters Space, Inc. (the "Company") received by email a resignation letter from Rick Svetkoff pursuant to which Mr. Svetkoff resigned as the Chief Executive Officer, President, Chairman and director of the Company effective February 19, 2026. A copy of the resignation letter from Mr. Svetkoff is attached hereto as Exhibit 17.1. The resignation letter from Mr. Svetkoff indicates that his disagreement with the Board and the Company related to the operations, policies and practices of the Company acting through the Board led to his decision to resign from all officer positions and as a director of the Company.

Also, on February 19, 2026, the Board of the Company received by email a resignation letter from Brenda Svetkoff, the spouse of Mr. Svetkoff, pursuant to which Mrs. Svetkoff resigned as the Secretary of the Company effective February 19, 2026. A copy of the resignation letter from Mrs. Svetkoff is attached hereto as Exhibit 17.2. The resignation letter from Mrs. Svetkoff indicates that her disagreement with the Board and the Company related to the operations, policies and practices of the Company acting through the Board led to her decision to resign from acting as the Secretary of the Company.

The Company respectfully disagrees with the substance of and the assertions and characterizations that are contained in the resignation letters of Mr. Svetkoff and Mrs. Svetkoff.

The Company has provided Mr. Svetkoff with a copy of the disclosures in this Form 8-K and the opportunity to furnish the Company with a letter addressed to the Company stating whether he agrees with the statements made by the Company in response to this Item 5.02 and if not, stating the respects in which he does not agree. Upon the receipt of any such letter from Mr. Svetkoff, the Company will file any such letter as an exhibit to an amendment to this Form 8-K, no later than two business days after it is received.

(b) On February 22, 2026, following the resignation of Mr. Svetkoff as the Chief Executive Officer, President and Chairman, the Board of the Company at a meeting appointed Tim Franta, a current director and the VP Development, as the Chief Executive Officer of the Company.

As a result, the Company's current directors and officers are as follows:

Name and Position
Tim Franta - Chief Executive Officer, VP Development and Director
David Whitney - Chief Financial Officer
Sean Bromley - Director
Brian Goldmeier - Director
Geoffrey P. Hickman - Director

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SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit		Description
17.1		Resignation letter from Rick Svetkoff dated February 19, 2026
17.2		Resignation letter from Brenda Svetkoff dated February 19, 2026
104		Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)

- 3 -

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:  February 25, 2026	By:	/s/ David Whitney
		David Whitney
		Chief Financial Officer

- 4 -

FAQ

What leadership changes did Starfighters Space, Inc. (FJET) disclose in this 8-K?

Starfighters Space, Inc. reported that Rick Svetkoff resigned as Chief Executive Officer, President, Chairman and director, and Brenda Svetkoff resigned as Secretary, both effective February 19, 2026, citing disagreements with the Board and Company over operations, policies and practices.

Why did Rick and Brenda Svetkoff resign from Starfighters Space, Inc. (FJET)?

Their resignation letters state they disagreed with the Board and the Company on operations, policies and practices. These disagreements led Rick to resign all officer and director roles, and Brenda to resign as Secretary, both effective February 19, 2026, according to the disclosure.

Who is the new CEO of Starfighters Space, Inc. (FJET) after the resignations?

Following the resignations, the Board appointed director and VP Development Tim Franta as Chief Executive Officer on February 22, 2026. He now serves as CEO, VP Development and director, providing leadership continuity from within the existing Board and management team.

How did Starfighters Space, Inc. (FJET) respond to the resignation letters?

The Company stated it respectfully disagrees with the substance, assertions and characterizations in both resignation letters. It also offered Rick Svetkoff an opportunity to submit a letter stating whether he agrees with the Company’s disclosure, which would be filed as an exhibit if provided.

What is the current management and board structure at Starfighters Space, Inc. (FJET)?

After the changes, the leadership team includes Tim Franta as Chief Executive Officer, VP Development and director, David Whitney as Chief Financial Officer, and directors Sean Bromley, Brian Goldmeier and Geoffrey P. Hickman, according to the updated list of current directors and officers.

Will Starfighters Space, Inc. (FJET) release Rick Svetkoff’s response to the Company’s statements?

The Company has provided Rick Svetkoff the chance to send a letter stating whether he agrees with its Item 5.02 disclosure. If received, the Company plans to file his letter as an exhibit to an amendment within two business days of receipt.

Filing Exhibits & Attachments

7 documents

Other Documents

• EX-17.1 EXHIBIT 17.1 790 B
• EX-17.2 EXHIBIT 17.2 790 B
• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 4.4 KB
• EX-101 XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT 710 B
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 21.7 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 45.3 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 24.3 KB