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false 0000076267 0000076267 2024-04-25 2024-04-25
 
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 25, 2024
 
 
PARK AEROSPACE CORP.
(Exact Name of Registrant as
Specified in Charter)
 
 
New York
1-4415
11-1734643
(State or Other Jurisdiction
(Commission File
(IRS Employer
of Incorporation) 
Number)
Identification No.)
     
     
1400 Old Country Road, Westbury
New York
11590
(Address of Principal Executive Offices)
(Zip Code)
 
 
Registrant's telephone number, including area code          (631) 465-3600          
 
 
Not Applicable
Former Name or Former Address, if Changed Since Last Report
 
Securities registered or to be 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, par value $.10 per share
PKE
New York Stock Exchange
 
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))
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
 
Emerging growth company ☐
 
If an emerging growth company, indicate by check mark if the registrant has selected 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 Principal Officers; Election of Directors; Appointment of Principal Officers.
 
On April 25, 2024, the Company announced the election of Christopher Goldner as Vice President - Finance of the Company. The Company also announced the planned retirement, as of the end of May, of P. Matthew Farabaugh, the Company’s Senior Vice President and Chief Financial Officer.
 
 
Item 9.01
Financial Statements and Exhibits.
 
  (d) Exhibits.
 
 
99.1
  104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
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.
 
 
 
PARK AEROSPACE CORP.
  
       
       
Date: April 25, 2024
By:
/s/ P. Matthew Farabaugh
  
 
Name:
P. Matthew Farabaugh
  
 
Title:
Senior Vice President and Chief
  
   
Financial Officer
  
 
2
EX-99.1 2 ex_663234.htm EXHIBIT 99.1 ex_663234.htm

Exhibit 99.1

 

pic1.jpg

 

  NEWS RELEASE
Contact:         Donna D’Amico-Annitto 486 North Oliver Road, Bldg. Z
  Newton, Kansas 67114
  (316) 283-6500

 

PARK AEROSPACE CORP. ANNOUNCES ELECTION OF CHRIS GOLDNER AS VICE PRESIDENT-FINANCE AND THE PLANNED RETIREMENT OF MATT FARABAUGH AS THE COMPANY’S LONG TIME CFO

 

Newton, Kansas, Thursday, April 25, 2024…..Park Aerospace Corp. (NYSE-PKE) announced that the Company’s Board of Directors has elected Chris Goldner as Vice President-Finance of the Company. Park also announced that P. Matthew Farabaugh (“Matt”), the Company’s long time Senior Vice President and Chief Financial Officer, plans to retire from the Company at the end of May 2024. Matt joined the Company in October of 2007 and has served as the Company’s CFO since April 2012. Matt has agreed to serve as a consultant to the Company after his retirement. Chris started with Park on March 4, 2024 and has been working with Matt and Park’s accounting staff for the last two months to facilitate the transition. Upon Matt’s retirement, Chris will report to Brian Shore, the Company’s Chairman and CEO, and Chris will serve as the Company’s principal financial officer.

 

Chris served as Corporate Controller and Interim CFO of Spruce Power Holdings Corporation, a public company located in Boston, Massachusetts, from 2021 through 2023. Prior to that, Chris served in positions of increasing responsibility at Hasbro, Inc., a public company located in Pawtucket, Rhode Island, from 2000 through 2021. Chris’s final position at Hasbro was Vice President, Fiscal Responsibility. Chris received a Bachelor of Science degree in Business Administration from Boston College. Chris is a CPA.

 

Brian Shore said, “Welcome, Chris, to Park. We are looking forward to working with you over the years to come. We are happy to have you on board.”

 

Brian continued, “Congratulations, Matt, on your well-deserved retirement. Thank you, for your dedication and service to our Company over the years. It has been a true pleasure to work with you. You have been a great partner to me. You will be missed!”

 

Park Aerospace Corp. develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the global aerospace markets. Park’s advanced composite materials include film adhesives (Aeroadhere®) and lightning strike protection materials (Electroglide®). Park offers an array of composite materials specifically designed for hand lay-up or automated fiber placement (AFP) manufacturing applications. Park’s advanced composite materials are used to produce primary and secondary structures for jet engines, large and regional transport aircraft, military aircraft, Unmanned Aerial Vehicles (UAVs commonly referred to as “drones”), business jets, general aviation aircraft and rotary wing aircraft. Park also offers specialty ablative materials for rocket motors and nozzles and specially designed materials for radome applications. As a complement to Park’s advanced composite materials offering, Park designs and fabricates composite parts, structures and assemblies and low volume tooling for the aerospace industry. Target markets for Park’s composite parts and structures (which include Park’s proprietary composite SigmaStrut™ and AlphaStrut™ product lines) are, among others, prototype and development aircraft, special mission aircraft, spares for legacy military and civilian aircraft and exotic spacecraft. Park’s objective is to do what others are either unwilling or unable to do. When nobody else wants to do it because it is too difficult, too small or too annoying, sign us up.

 

Additional corporate information is available on the Company’s website at www.parkaerospace.com.

 

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