Virgin Galactic details 2026 board transition

Virgin Galactic Holdings, Inc. reported a planned change to its Board of Directors.

Rhea-AI Filing Summary

Virgin Galactic Holdings, Inc. reported a planned change to its Board of Directors. Luigi Brambilla informed the company on April 13, 2026 that he will not stand for re-election at the 2026 Annual Meeting of Stockholders, citing personal reasons and no disagreement with the company.

Under a Stockholders’ Agreement, Virgin Investments Limited currently has the right to designate two director nominees at the 2026 meeting. On April 14, 2026, Virgin Investments Limited designated Allison Belzberg, Director, Investment and Commercial of Virgin Management USA, Inc., for nomination to the Board. Further details about her background will appear in the company’s definitive proxy statement.

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

Director decision date: April 13, 2026 Designation notice date: April 14, 2026 Stockholders’ Agreement date: October 25, 2019 +1 more

4 metrics

Director decision date April 13, 2026 Date Luigi Brambilla informed company he will not stand for re-election

Designation notice date April 14, 2026 Date Virgin Investments Limited designated Allison Belzberg for nomination

Stockholders’ Agreement date October 25, 2019 Original date of Stockholders’ Agreement governing director designation rights

Board nomination rights Two people Number of director nominees Virgin Investments Limited may designate at 2026 meeting

Key Terms

Stockholders’ Agreement, Annual Meeting of Stockholders, Emerging growth company, definitive proxy statement, +1 more

5 terms

Stockholders’ Agreement financial

"Pursuant to that certain Stockholders’ Agreement by and among the Company, the VG Holder and certain other shareholders..."

Annual Meeting of Stockholders financial

"he would not stand for re-election to the Board... at the 2026 Annual Meeting of Stockholders"

Emerging growth company regulatory

"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). 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.

definitive proxy statement regulatory

"Additional information regarding Ms. Belzberg will be provided in the Company’s definitive proxy statement"

A Definitive Proxy Statement is a detailed document that a company sends to its shareholders before a big meeting, like voting on important decisions. It explains what's being voted on and gives important information so shareholders can make informed choices. It matters because it helps shareholders understand and participate in key company decisions.

Board of Directors financial

"he would not stand for re-election to the Board of Directors of the Company"

The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

FAQ

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

What board change did Virgin Galactic (SPCE) disclose in this 8-K?

Virgin Galactic disclosed that director Luigi Brambilla will not stand for re-election at the 2026 Annual Meeting of Stockholders. His decision is for personal reasons and is explicitly stated as not resulting from any disagreement with the company or its Board.

Why is Luigi Brambilla leaving the Virgin Galactic (SPCE) board?

Luigi Brambilla informed Virgin Galactic that he will not stand for re-election for personal reasons. The company states his decision is not due to any disagreement with Virgin Galactic, its management, or its policies, indicating a non-adversarial and orderly transition in board composition.

Who is being nominated to replace Luigi Brambilla on Virgin Galactic’s board?

Virgin Investments Limited designated Allison Belzberg for nomination to Virgin Galactic’s Board at the 2026 Annual Meeting. She is Director, Investment and Commercial at Virgin Management USA, Inc., a subsidiary of Virgin Investments Limited, with more background to come in the definitive proxy statement.

What rights does Virgin Investments Limited have regarding Virgin Galactic (SPCE) board nominations?

Under a Stockholders’ Agreement dated October 25, 2019, Virgin Investments Limited currently has the right to designate two people for nomination to Virgin Galactic’s Board at the 2026 Annual Meeting. The filing notes this agreement may be amended, supplemented, restated, or otherwise modified over time.

When did Virgin Investments Limited notify Virgin Galactic about Allison Belzberg’s designation?

Virgin Investments Limited notified Virgin Galactic on April 14, 2026 that it was designating Allison Belzberg for nomination to the Board. The company will include additional information about her in its definitive proxy statement filed ahead of the 2026 Annual Meeting of Stockholders.

Where will investors find more details about Allison Belzberg’s background at Virgin Galactic?

Additional information about Allison Belzberg will be provided in Virgin Galactic’s definitive proxy statement. That document will be filed with the Securities and Exchange Commission before the 2026 Annual Meeting and is expected to include her biography and other relevant disclosure.

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

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 04/14/2026 - 04:58 PM Learn about SEC filing dates

FALSE000170694600017069462026-04-132026-04-1300017069462026-04-142026-04-14

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): April 13, 2026    

____________________________________________________________________________________________________________

Virgin Galactic Holdings, Inc.

(Exact name of registrant as specified in its charter)

 ____________________________

Delaware

001-38202

85-3608069

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

1700 Flight Way Tustin, California

92782

(Address of principal executive offices)

(Zip Code)

(949) 774-7640

(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 :

 

☐			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 Symbol(s)

Name of each exchange on which registered

Common stock, $0.0001 par value per share

SPCE

New York Stock Exchange

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.   ☐

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

On April 13, 2026, Luigi Brambilla informed Virgin Galactic Holdings, Inc. (the “Company”) that he would not stand for re-election to the Board of Directors of the Company (the “Board”) upon completion of his current term at the 2026 Annual Meeting of Stockholders (the “2026 Annual Meeting”). Mr. Brambilla’s decision to not stand for re-election is for personal reasons and is not the result of any disagreement with the Company. Pursuant to that certain Stockholders’ Agreement by and among the Company, the VG Holder and certain other shareholders (each as defined in such Stockholders’ Agreement), dated as of October 25, 2019 (such agreement, as amended, supplemented, restated or otherwise modified from time to time, the “Stockholders’ Agreement”), Virgin Investments Limited (“VIL”) currently has the right to designate two people for nomination to the Board at the 2026 Annual Meeting. On April 14, 2026, VIL notified the Company that it was designating Allison Belzberg, Director, Investment and Commercial of Virgin Management USA, Inc., a subsidiary of VIL, for nomination to the Board. Additional information regarding Ms. Belzberg will be provided in the Company’s definitive proxy statement to be filed with the Securities and Exchange Commission prior to the 2026 Annual Meeting.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

						VIRGIN GALACTIC HOLDINGS, INC.
Date: April 14, 2026						By:			/s/ Sarah Kim
						Name:			Sarah Kim
						Title:			Executive Vice President, Chief Legal Officer and Corporate Secretary

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 21.1 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.2 KB