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Redwire Corporation (NYSE:RDW) announced that its board of directors appointed Michael Greene and Raphael “Ray” Thomas Wallander as directors, effective Friday. The appointments fill vacancies resulting from the previously announced resignations of Les Daniels and Michael Bevacqua, both effective the same day.
According to a press release statement based on a filing with the U.S. Securities and Exchange Commission, Mr. Greene’s appointment is connected to an Amended & Restated Investor Rights Agreement dated June 13, 2025, involving AE Red Holdings, Genesis Park Holdings, Edge Autonomy Ultimate Holdings, and other parties. Mr. Wallander’s appointment is related to an Investment Agreement dated October 28, 2022, between Redwire and BCC Redwire Aggregator.
Mr. Greene will serve as a Class II director with a term expiring at the company’s 2026 annual meeting of stockholders. Mr. Wallander will serve as a Class III director with a term expiring at the 2027 annual meeting. Both will be compensated under Redwire’s non-employee director compensation policy. The company indicated that it has entered into standard indemnification agreements with both appointees and is not aware of any related transactions or relationships requiring further disclosure.
Mr. Greene is Co-CEO and Managing Partner at AE Industrial Partners, LLC, where he focuses on growth and operational execution of portfolio investments. He has served on the firm’s management and investment committees since 2008 and previously was a partner at UBS Capital Americas and UBS Capital. Mr. Greene holds a BA from The College of the Holy Cross and an MBA from Harvard Business School.
Mr. Wallander is the owner, chairman, and CEO of Maxwell Bay Advisors, LLC, which provides independent director services and consulting. He has served on the boards of Barnes and Noble (NYSE:BKS_old) Education (NYSE:BNED), F45, and several private companies. Since 2007, he has held various roles at Wayzata Investment Partners, LLC, including general counsel. Mr. Wallander holds a Juris Doctor and Bachelor of Arts from the University of Minnesota.
The information is based on a press release statement and SEC filing. For investors seeking deeper insights into Redwire’s governance structure and financial outlook, InvestingPro offers comprehensive analysis through its Pro Research Report, featuring detailed metrics, financial health scores, and additional ProTips that can help inform investment decisions.
In other recent news, Redwire Corporation has been the subject of several analyst evaluations and strategic partnerships. Cantor Fitzgerald reiterated its Overweight rating on Redwire, setting a price target of $28.00, citing the company’s expanding space capabilities and potential for premium valuation. Meanwhile, Canaccord Genuity maintained its Buy rating with a $20.00 price target, noting Redwire’s capabilities in drone technology and its potential to gain additional market share among U.S. Federal agencies and NATO allies. Additionally, Redwire has formed a partnership with Japan’s SpaceData to enhance digital space solutions, focusing on integrating SpaceData into its digital ecosystem for various space missions. This collaboration aims to leverage artificial intelligence for space and robotics capabilities, potentially benefiting NASA’s Commercial Low Earth Orbit Destination projects. Canaccord Genuity also initiated coverage on Redwire, emphasizing the company’s growth potential as a diversified space and defense technology supplier. The firm highlighted Redwire’s historical contributions to over 150 space missions and its strategic acquisitions, including Edge Autonomy. Cantor Fitzgerald further noted an improvement in investor sentiment and suggested that Redwire’s shares could approach valuations similar to those in the space sector.
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