Starfighters Space raises CEO base salary to $350K

For maximum bonus payable above $75,000, 65% is to be paid in cash and 35% in RSUs that vest in equal installments over three years.

Rhea-AI Filing Summary

Starfighters Space, Inc. (FJET) approved increases effective September 28, 2026, taking CEO Tim Franta’s annual base salary from $108,000 to $350,000 and CFO David Whitney’s from $180,000 to $300,000.

Franta’s maximum annual bonus is up to 50% of his new base salary, and Whitney’s is up to 30%. Any portion of the maximum bonus payable in excess of $75,000 is to be paid 65% in cash and 35% in restricted share units (RSUs), which vest in equal installments over three years from the applicable grant date. The board and compensation committee also approved back-pay payments calculated by comparing amounts already paid with amounts that would have been payable at the new salaries: for Franta, from March 1, 2026 through September 28, 2026; for Whitney, from June 24, 2026 through September 28, 2026.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Franta annual base salary: $108,000 to $350,000 Whitney annual base salary: $180,000 to $300,000 Franta maximum annual bonus: Up to 50% of new annual base salary +5 more

8 metrics

Franta annual base salary $108,000 to $350,000 Effective September 28, 2026

Whitney annual base salary $180,000 to $300,000 Effective September 28, 2026

Franta maximum annual bonus Up to 50% of new annual base salary Compensation adjustment effective September 28, 2026

Whitney maximum annual bonus Up to 30% of new annual base salary Compensation adjustment effective September 28, 2026

Bonus threshold $75,000 Maximum bonus payable in excess of this amount is divided between cash and RSUs

Cash portion 65% Any portion of the maximum bonus payable in excess of $75,000

RSU portion 35% Any portion of the maximum bonus payable in excess of $75,000

RSU vesting period Three years Equal installments from the applicable grant date

Key Terms

restricted share units, vesting, back-pay, maximum annual bonus

4 terms

restricted share units financial

"35% in restricted share units (RSUs)"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

vesting financial

"such RSUs vesting in equal installments over three years"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

back-pay financial

"approved the payment of back-pay"

maximum annual bonus financial

"with a maximum annual bonus of up to 50%"

FAQ

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

What are the new FJET CEO and CFO salaries?

Effective September 28, 2026, CEO Tim Franta’s annual base salary increased from $108,000 to $350,000. CFO David Whitney’s annual base salary increased from $180,000 to $300,000.

How are FJET executive bonuses structured?

Franta’s maximum annual bonus is up to 50% of his new annual base salary, and Whitney’s is up to 30%. Any portion of the maximum bonus payable in excess of $75,000 is to be paid 65% in cash and 35% in RSUs.

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

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Available on EDGAR 10/02/2026 - 04:31 PM Accepted by SEC EDGAR 10/02/2026 - 04:30 PM Learn about SEC filing dates

false 2026-09-28 0001947016 Starfighters Space, Inc. 0001947016 2026-09-28 2026-09-28

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): September 28, 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 101
Kennedy Space Center, Florida, United States 32953
(Address of principal executive offices) (ZIP Code)

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

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.

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)

2

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

__________

- 3 -

Filing Exhibits & Attachments

5 documents

Other Documents

• 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