Firefly Aerospace (FLY) Proxy filing summary

Executive summary

• Achieved a successful commercial Moon landing, completed an IPO, and acquired SciTec, enhancing national security offerings and expanding product suite with AI-enabled defense software.

• Focused on supporting U.S. government defense initiatives and NASA's Artemis program, with infrastructure upgrades and expansion of manufacturing and data facilities.

• Entered a new era as an end-to-end space and defense business, emphasizing innovation and reliability in space systems.

Voting matters and shareholder proposals

• Stockholders will vote to elect Jason Kim and Kevin McAllister as directors for three-year terms expiring at the 2029 annual meeting.

• Ratification of Grant Thornton LLP as independent registered public accounting firm for the year ending December 31, 2026.

• Board unanimously recommends voting FOR both director nominees and the auditor ratification.

Board of directors and corporate governance

• Board reduced from nine to eight directors following a resignation; currently consists of eight members with staggered three-year terms.

• AE Industrial Partners retains significant influence via a Director Nomination Agreement, controlling board nominations based on ownership thresholds.

• Board committees include Audit, Compensation, and Nominating and Corporate Governance, with some reliance on Nasdaq's controlled company exemptions.

• Chair and CEO roles are separated; board structure reviewed periodically for effectiveness.