KRATOS DEFENSE & SECURITY SOLUTIONS, INC. 8-K

What Happened
Kratos Defense & Security Solutions, Inc. (KTOS) filed an 8-K reporting that on March 19, 2026 the Board appointed David King to the Board, effective March 23, 2026. Mr. King was also appointed to the Board’s Audit Committee effective March 23; longtime director and Board Chairman Mr. Hoglund stepped down from the Audit Committee but remains Chairman and on the Compensation and Nominating & Governance Committees.

Key Details

• Appointment effective date: March 23, 2026.
• New Audit Committee membership: Scott Anderson (Chair), Colonel Bradley Boyd (Ret.), Scot Jarvis, and David King.
• David King, age 64, background highlights: CEO of Dynetics (2015–2020); led Dynetics’ revenue growth from ~$180M to >$650M and through its $1.65B sale to Leidos in 2020; Group President of Leidos Dynetics (Jan 2020–Apr 2022) overseeing ~$1.4B in revenue and ~4,000 employees; Director of NASA’s Marshall Space Flight Center (2003–2009).
• Board determined Mr. King meets NASDAQ and Regulation S-K independence standards.
• Compensation/agreements: Mr. King will receive the Company’s standard non-employee director pay (per the proxy filed Apr 4, 2025) and will enter the Company’s standard indemnification agreement (form filed with the 2026 Form 10‑K).

Why It Matters
The appointment adds an experienced defense and aerospace executive to Kratos’ Board and strengthens the Audit Committee with deep industry and leadership experience. For investors, this is a governance update that could affect board oversight of financial reporting and strategic decisions given Mr. King’s track record in growing and integrating defense businesses. The filing contains no changes to executive officers, compensation beyond standard director pay, or material transactions tied to the appointment.