Board change leaves MDA Space (TSX: MDA) just under 30% women

Rhea-AI Filing Summary

MDA Space Ltd. filed a Form 6-K including an addendum to its Management Information Circular, updating shareholders on board gender diversity following a recent director change. Director Alison Alfers resigned effective March 3, 2026 due to unexpected family circumstances, reducing the proportion of women on the board.

Before her resignation, three of the nine directors (33%) identified as women. Of the seven directors proposed for election at the May 7, 2026 annual meeting, two (29%) identify as women, leaving the board just below the 30% threshold expected by some Toronto Stock Exchange investors and proxy advisory firms. The company states it intends to return to at least 30% women directors by its 2027 annual shareholders’ meeting and emphasizes that gender diversity is one of several factors considered in building an effective board.

Key Figures

Women directors before resignation: 3 of 9 directors (33%) Women directors proposed: 2 of 7 directors (29%) Reference threshold for women directors: 30% women +3 more

6 metrics

Women directors before resignation 3 of 9 directors (33%) Board composition prior to March 3, 2026

Women directors proposed 2 of 7 directors (29%) Directors proposed for election at May 7, 2026 meeting

Reference threshold for women directors 30% women Expectation for Toronto Stock Exchange–listed boards

Director resignation date March 3, 2026 Effective date of Alison Alfers’ resignation

2026 annual meeting date May 7, 2026 Scheduled annual general meeting of shareholders

Target year to restore ≥30% women 2027 annual meeting Stated timing to return to at least 30% women directors

Key Terms

Management Information Circular, gender diversity, proxy advisory firms, Toronto Stock Exchange, +1 more

5 terms

Management Information Circular regulatory

"This is an addendum (this “Addendum”) to the Management Information Circular (the “Circular”) dated March 30, 2026"

A management information circular is a document sent to shareholders ahead of a company meeting that explains who is asking for votes, what decisions will be made, and why management recommends a particular outcome. Like an instruction booklet and argument sheet combined, it lays out details such as board nominees, executive pay, major transactions and any conflicts, helping investors decide how to vote and judge whether leadership choices could affect the company’s future value.

gender diversity other

"This Addendum supplements the discussion on gender diversity of the Board contained in the Circular"

proxy advisory firms financial

"MDA Space is aware of the expectation of certain investors and proxy advisory firms that at least 30% of the Board members"

Firms that research corporate governance issues and tell shareholders how to vote on things like board elections, executive pay and major corporate proposals. Think of them as a trusted review site or advisor that summarizes complex documents and issues clear recommendations; many institutional investors use those recommendations to vote, so their guidance can shape company decisions, governance quality and ultimately a stock’s risk and value.

Toronto Stock Exchange financial

"Board members of companies listed on the Toronto Stock Exchange be women"

The Toronto Stock Exchange is Canada’s largest organized marketplace where shares of publicly traded companies are bought and sold, similar to a large, regulated marketplace for company ownership. It matters to investors because it provides transparent prices, rules that help protect buyers and sellers, and access to many Canadian and international businesses, so movements there can signal economic trends and affect portfolio values.

annual general meeting of shareholders regulatory

"in respect of the annual general meeting of shareholders of MDA Space Ltd."

Form 6-K: How Foreign Companies Report to the SEC →

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934

For the month of	April		2026
Commission File Number	001-43190

MDA SPACE LTD.

(Translation of registrant’s name into English)

7500 Financial Drive

Brampton, Ontario, Canada L6Y 6K7

(Address of principal executive offices)

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      ¨           Form 40-F      x

DOCUMENTS INCLUDED AS PART OF THIS REPORT

Exhibit
99.1	Addendum to Management Information Circular

SIGNATURE

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, thereunto duly authorized.

			MDA Space Ltd.
			(Registrant)
Date:	April 10, 2026		By:	/s/ Guillaume Lavoie
				Name:	Guillaume Lavoie
				Title:	Chief Financial Officer

Exhibit 99.1 

 

ADDENDUM TO MANAGEMENT INFORMATION CIRCULAR

This is an addendum (this “Addendum”) to the Management Information Circular (the “Circular”) dated March 30, 2026 in respect of the annual general meeting of shareholders of MDA Space Ltd. (“MDA Space” or the “Company”) scheduled to be held on May 7, 2026 (subject to any adjournment(s) or postponement(s) thereof). The information in this Addendum is in addition to, and not in replacement of, the Circular and all other information in the Circular remains unaffected. Capitalized terms used but not otherwise defined in this Addendum have the respective meanings given to them in the Circular.

This Addendum supplements the discussion on gender diversity of the Board contained in the Circular as follows:

Alison Alfers resigned from the Board due to unexpected family circumstances effective March 3, 2026. Prior to her resignation, three of the nine directors of the Company (33%) identified as women. Following her resignation, the Board composition has temporarily dipped below 30% women. Of the directors proposed for election at the Meeting, two of the seven directors (29%) identify as women. MDA Space is aware of the expectation of certain investors and proxy advisory firms that at least 30% of the Board members of companies listed on the Toronto Stock Exchange be women. While the Board’s current gender composition is below this threshold, the Company intends to return to having at least 30% women directors at or prior to the Company’s 2027 annual meeting of shareholders. MDA Space believes that an effective board requires a range of perspectives, experiences, qualifications and expertise, with gender diversity being one of several factors the Board considers.

DATED the 9^th day of April, 2026.

(s) Guillaume Lavoie

Chief Financial Officer

FAQ

What does MDA (MDA) disclose in this Form 6-K filing?

MDA Space Ltd. files a Form 6-K to provide an addendum to its Management Information Circular. The addendum updates shareholders on a board resignation and resulting changes to gender diversity among directors ahead of the May 7, 2026 annual meeting.

Which director resigned from MDA (MDA) and when was it effective?

Director Alison Alfers resigned from the MDA Space board effective March 3, 2026, citing unexpected family circumstances. Her departure reduced the number of women directors and prompted an update to the company’s gender diversity disclosure in the circular addendum.

How did Alison Alfers’ resignation affect women’s representation on MDA’s board?

Before the resignation, three of nine MDA Space directors, or 33%, identified as women. After she left, women’s representation temporarily dipped below 30%. Among seven directors proposed for election at the 2026 meeting, two, or 29%, identify as women.

What gender diversity expectations does MDA (MDA) reference for TSX-listed companies?

MDA Space notes that certain investors and proxy advisory firms expect at least 30% of directors at Toronto Stock Exchange–listed companies to be women. The addendum explains the board currently falls slightly short of that benchmark following a recent resignation.

What commitment does MDA make about future board gender diversity levels?

MDA Space states it intends to return to having at least 30% women directors at or before its 2027 annual meeting of shareholders. This goal reflects the company’s recognition of investor expectations and its broader approach to board diversity and skills.

When is MDA Space’s 2026 annual shareholders’ meeting scheduled?

The annual general meeting of MDA Space shareholders is scheduled for May 7, 2026, subject to any adjournments or postponements. The addendum to the Management Information Circular relates to matters, including board composition, that will be considered at this meeting.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EXHIBIT 99.1 5.3 KB