Park Aerospace (NYSE: PKE) elevates legal chief Constantine Petropoulos to CFO
Rhea-AI Filing Summary
PARK AEROSPACE CORP. appointed Constantine Petropoulos, age 48, as Senior Vice President and Chief Financial Officer, effective August 12, 2026. He has held senior legal and capital markets roles at the company since 2014, with prior experience at Hughes Hubbard & Reed LLP, Scientific Games Corporation, Coca-Cola HBC SA, and Latham & Watkins LLP.
In connection with this appointment, his annual base salary increased from $357,000 to $425,000, effective August 12, 2026. He also received a stock option to purchase 25,000 shares of common stock under the 2018 Stock Option Plan, granted at an exercise price of $37.47 per share, vesting 25% on each of the first four anniversaries of the grant date and expiring ten years from the grant date. The company states there are no related-party relationships or transactions requiring disclosure.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
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.
Key Figures
CFO age: 48
New base salary: $425,000
Prior base salary: $357,000
+4 more
7 metrics
CFO age
48
Age of Constantine Petropoulos at appointment as CFO on August 12, 2026
New base salary
$425,000
Annual base salary for Mr. Petropoulos effective August 12, 2026
Prior base salary
$357,000
Annual base salary for Mr. Petropoulos before his CFO appointment
Stock options granted
25,000 shares
Option grant to purchase common stock under the 2018 Stock Option Plan
Exercise price
$37.47 per share
Exercise price of the 25,000-share stock option granted August 12, 2026
Vesting schedule
25% per year over 4 years
Option becomes exercisable as to 25% of shares on each of the first four anniversaries
Option term
10 years
Stock option expires ten years from the August 12, 2026 grant date
Key Terms
Item 404(a) of Regulation S-K, 2018 Stock Option Plan, exercise price, anniversaries of the grant date
4 terms
Item 404(a) of Regulation S-K regulatory
"any transaction requiring disclosure pursuant to Item 404(a) of Regulation S-K"
2018 Stock Option Plan financial
"stock option to purchase 25,000 shares of the Company's common stock under the Company's 2018 Stock Option Plan"
exercise price financial
"has an exercise price of $37.47 per share"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
anniversaries of the grant date financial
"becomes exercisable as to 25% of the underlying shares on each of the first four anniversaries of the grant date"
FAQ
What executive change did PARK AEROSPACE CORP. (PKE) announce on August 12, 2026?
PARK AEROSPACE CORP. appointed Constantine Petropoulos as Senior Vice President and Chief Financial Officer, effective August 12, 2026. He previously served as Senior Vice President and Chief Legal and Capital Markets Officer and has long tenure with the company and major law firms.
What is the new base salary for PARK AEROSPACE CORP. (PKE) CFO Constantine Petropoulos?
The Compensation Committee increased Mr. Petropoulos’s annual base salary to $425,000, effective August 12, 2026. This is up from a prior base salary of $357,000, reflecting his promotion to Senior Vice President and Chief Financial Officer.
What stock option grant did PARK AEROSPACE CORP. (PKE) give its new CFO?
Mr. Petropoulos received a stock option to purchase 25,000 shares of PARK AEROSPACE CORP. common stock at an exercise price of $37.47 per share. The option vests in four equal annual installments and has a ten-year term from the August 12, 2026 grant date.
How do the CFO stock options at PARK AEROSPACE CORP. (PKE) vest?
The stock option granted to Mr. Petropoulos vests 25% on each of the first four anniversaries of the August 12, 2026 grant date. This creates a four-year vesting schedule before the full 25,000 shares become exercisable, with a ten-year expiration period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
