Satellogic (NASDAQ: SATL) CFO Rick Dunn to depart after transition

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Satellogic Inc. reported that Chief Financial Officer Rick Dunn will step down after a transition period agreed with the company. He will remain in his role during this period to support an orderly handover while Satellogic conducts a search for a new CFO.

The company highlighted Dunn’s seven years of service, including guiding Satellogic from a private company to its current Nasdaq-listed status and what it described as its strongest financial position in corporate history. Management reiterated that business fundamentals remain strong, citing revenue momentum, operating leverage, a solid balance sheet and a fully funded technology roadmap.

Under a June 8, 2026 Letter Agreement, Dunn will receive six months of base salary continuation, six months of COBRA premium payments and full acceleration of his outstanding restricted stock units upon departure. He will provide a customary release of claims and be subject to standard restrictive covenants. The Letter Agreement will be filed as an exhibit to a future Form 10-Q.

Insights

CFO transition is structured and compensated under pre-disclosed terms, suggesting a planned rather than crisis-driven change.

Satellogic announced that CFO Rick Dunn will step down following a transition period, while remaining in place to ensure continuity. The CEO’s statement emphasizes Dunn’s role in taking the business public and describes the company as in its strongest financial position in corporate history.

The severance mirrors previously disclosed arrangements: six months of base salary, six months of COBRA coverage and full acceleration of restricted stock units, alongside a customary release and restrictive covenants. This alignment with prior proxy disclosures points to a standard executive transition framework.

Because no financial guidance changes or operational issues are cited, this looks like a governance event rather than a performance shock. Subsequent disclosures about the timing of Dunn’s actual departure and the profile of his successor will help clarify how the finance function evolves.

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

Form type: Form 8-K Transition period service: Continues as CFO during transition Salary continuation: 6 months base salary +3 more

6 metrics

Form type Form 8-K Current report on executive departure

Transition period service Continues as CFO during transition CFO remains until handoff completed

Salary continuation 6 months base salary Severance benefit upon departure

COBRA coverage 6 months COBRA premiums Health insurance continuation benefit

Equity treatment Full RSU acceleration All outstanding restricted stock units vest

Letter Agreement date June 8, 2026 Departure terms memorialized

Key Terms

Emerging growth company, COBRA, restricted stock unit, Letter Agreement, +2 more

6 terms

Emerging growth company regulatory

"405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

COBRA financial

"Specifically, upon his departure, Mr. Dunn will be entitled to receive: (i) six months of base salary continuation, (ii) payment of COBRA expenses for six months"

COBRA is a U.S. federal law that lets employees and their dependents temporarily keep employer-sponsored health insurance after job loss, reduction in hours, or other qualifying events by paying the premiums themselves. Investors should care because offering COBRA can affect a company’s cash flow, administrative costs and legal disclosures when workforce changes occur—similar to a former club member paying to keep their membership active after leaving the club.

restricted stock unit financial

"(iii) full acceleration of all outstanding restricted stock unit awards."

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Letter Agreement regulatory

"the Company and Mr. Dunn entered into a Letter Agreement, dated June 8, 2026 (the “Letter Agreement”)"

release of claims regulatory

"Mr. Dunn will execute a customary release of claims, and will also be subject to customary restrictive covenants"

restrictive covenants regulatory

"will also be subject to customary restrictive covenants as set forth in the Letter Agreement."

Restrictive covenants are contract terms that limit what a company, its executives, or shareholders can do—like rules that prohibit selling stock, starting a rival business, or taking on certain debts. Think of them as house rules that protect one party’s interests by keeping risky or competitive actions off the table. For investors they matter because these limits affect a company’s flexibility, governance, potential future value and the ease of exiting an investment.

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Understanding 8-K Material Events →

06/08/2026 - 05:24 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): June 8, 2026

SATELLOGIC INC.

(Exact Name of Registrant as Specified in Charter)

Delaware	001-41247	98-1845974
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

210 Delburg Street

Davidson, NC28036
(Address of Principal Executive Offices, and Zip Code)

(704) 802-2041

(Registrant’s Telephone Number, Including Area Code)

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 (see General Instruction A.2. below):

	☐	Written communication 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 communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

	☐	Pre-commencement communication 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 Symbol(s)	Name of each exchange on which registered
Class A Common Stock	SATL	The Nasdaq Capital Market
Warrants	SATLW	The Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

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. ☐

Item 5.02. Departure of Directors or Certain Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 8, 2026, Satellogic Inc. (the “Company”) and Rick Dunn mutually agreed that Mr. Dunn will step down as the Company’s Chief Financial Officer at the conclusion of a transition period agreed between Mr. Dunn and the Company. The Company has commenced a search for a successor, and Mr. Dunn will continue to serve in his current capacity during the transition period to facilitate an orderly transition of his duties and responsibilities.

Emiliano Kargieman, CEO and Co-Founder of Satellogic said, “On behalf of the Board and the entire Satellogic team, I want to thank Rick for his seven years of leadership and dedicated service to the Company. His contributions have been instrumental to our growth and progress, and we are grateful for his partnership and commitment throughout his tenure. Rick was instrumental navigating Satellogic from a private company to its now Nasdaq Listed public company status and leaves Satellogic in its strongest financial position in corporate history. He is a long-standing partner and shareholder, and will remain through the transition period to ensure a seamless handoff. Consistent with the message we shared on our first-quarter earnings call in May, the fundamentals of our business have never been better, anchored by revenue momentum, operating leverage, a strong balance sheet & a fully funded technology roadmap. We wish Rick all the best in his next chapter.”

In connection with the foregoing, the Company and Mr. Dunn entered into a Letter Agreement, dated June 8, 2026 (the “Letter Agreement”), which memorializes the terms of Mr. Dunn’s departure from the Company. Mr. Dunn will receive severance benefits consistent with those previously disclosed in the Company’s definitive proxy statement on Schedule 14A, filed with the SEC on April 23, 2026. Specifically, upon his departure, Mr. Dunn will be entitled to receive: (i) six months of base salary continuation, (ii) payment of COBRA expenses for six months, and (iii) full acceleration of all outstanding restricted stock unit awards. Mr. Dunn will execute a customary release of claims, and will also be subject to customary restrictive covenants as set forth in the Letter Agreement. The foregoing description of the Letter Agreement does not purport to be complete and is qualified in its entirety by reference to the Letter Agreement, which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026.

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 hereunto duly authorized.

Date: June 8, 2026

	SATELLOGIC INC.


	By:		/s/ Emiliano Kargieman
	Name:		Emiliano Kargieman
	Title:		Chief Executive Officer

Source: View Original Filing on SEC EDGAR

FAQ

What executive change did Satellogic (SATL) announce in this 8-K?

Satellogic announced that Chief Financial Officer Rick Dunn will step down after a transition period. He will continue serving as CFO during the transition while the company searches for a successor and manages an orderly handoff of his duties and responsibilities.

How long will Satellogic CFO Rick Dunn remain with the company?

Rick Dunn will remain as Chief Financial Officer for a transition period agreed with Satellogic. During this time, he will perform his current duties and help ensure an orderly transfer of responsibilities while the company conducts a search for a new CFO.

What severance benefits will Satellogic CFO Rick Dunn receive on departure?

Upon departure, Rick Dunn will receive six months of base salary continuation, six months of COBRA premium payments, and full acceleration of all outstanding restricted stock unit awards, consistent with severance terms previously disclosed in Satellogic’s definitive proxy statement filed in April 2026.

How did Satellogic describe its business fundamentals in this 8-K?

Satellogic said its business fundamentals have "never been better," citing revenue momentum, operating leverage, a strong balance sheet, and a fully funded technology roadmap. This comment reiterates messaging previously shared on the company’s first-quarter earnings call in May 2026.

What is the Letter Agreement mentioned in Satellogic’s 8-K?

The Letter Agreement dated June 8, 2026, sets out the terms of Rick Dunn’s departure from Satellogic. It covers severance, COBRA payments, RSU acceleration, a release of claims and restrictive covenants, and will be filed as an exhibit to a future Form 10-Q.

Will Satellogic file Rick Dunn’s departure terms as an exhibit?

Yes. Satellogic stated the Letter Agreement governing Rick Dunn’s departure will be filed as an exhibit to its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, providing investors with access to the detailed contractual terms.

Filing Exhibits & Attachments

4 documents

Satellogic (NASDAQ: SATL) CFO Rick Dunn to depart after transition

Rhea-AI Filing Summary

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