Form 8-K

8-K — AeroVironment Inc

Accession: 0001104659-26-077575

Filed: 2026-06-25

Period: 2026-06-24

CIK: 0001368622

SIC: 3721 (AIRCRAFT)

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

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — tm2618946d1_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (tm2618946d1_ex99-1.htm)

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2026-06-24

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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):

June 24, 2026

AEROVIRONMENT,

INC.

(Exact name of registrant as specified in its

charter)

Delaware

001-33261

95-2705790

(State

or other jurisdiction of

(Commission

File Number)

(I.R.S.

Employer Identification No.)

incorporation

or organization)

241

18th Street South, Suite

415

Arlington,

Virginia

22202

(Address

of Principal Executive Offices)

(Zip

Code)

Registrant’s telephone number, including

area code: (703) 418-2828

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 (see General Instruction A.2. below):

¨    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

AVAV

The

NASDAQ Stock Market LLC

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 ¨

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.

On June 24, 2026, upon the recommendation of the

Nominating and Corporate Governance Committee of the Board of Directors (the “Board”) of AeroVironment, Inc. (the “Company”),

the Board (i) appointed William J. Lynn, III to the Board as a Class I director, effective immediately and (ii) decreased the size of

the board from ten (10) to nine (9) directors. The terms of the Company’s Class I directors, including Mr. Lynn, expire at the Company’s

2026 Annual Meeting of Stockholders or upon the election and qualification of successor directors.

There are no arrangements or understandings between

Mr. Lynn and any other person pursuant to which he was selected as a director. Mr. Lynn has no family relationship with any director or

executive officer of the Company and he has no direct or indirect material interest in any transaction involving the Company required

to be disclosed under Item 404(a) of Regulation S-K. Mr. Lynn’s compensation for his Board service will be consistent with that

provided to all of the Company’s non-employee directors as disclosed and updated in the Company’s proxy disclosures annually.

In addition, the Company entered into an indemnification agreement with Mr. Lynn in connection with his appointment to the Board, in substantially

the same form as entered into with the Company’s other directors, available as Exhibit 10.1 in the Company’s Annual Report

on Form 10-K for the year ended April 30, 2025.

Item 7.01. Regulation FD Disclosure

On June 25, 2026, the Company issued a press release

regarding Mr. Lynn’s appointment to the Board, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K

and incorporated by reference herein.

The information in this

Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed

“filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities

of such section. Such information shall not be incorporated by reference into any registration statement or other document pursuant to

the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

Exhibit

Number

Description

99.1

Press release issued by AeroVironment, Inc., dated June 25, 2026

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.

AEROVIRONMENT, INC.

Date: June 25, 2026

By:

/s/ Melissa Brown

Melissa Brown

Executive Vice President, Chief Legal Officer & Corporate Secretary

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: tm2618946d1_ex99-1.htm · Sequence: 2

Exhibit 99.1

AV Appoints William

J. Lynn III to Board of Directors

ARLINGTON,

Va. – June 25, 2026 – AeroVironment, Inc. (“AV”) (NASDAQ: AVAV) today announced the appointment

of William J. Lynn III to its Board of Directors, effective June 24, 2026.

“Bill’s distinguished service to the nation and extensive

experience in government, national security and defense technology will bring valuable insights to the Board,” said Wahid Nawabi,

AeroVironment’s chairman, president and chief executive officer. “His perspective as both a defense leader and public-company

executive will be a tremendous asset as we continue to scale and advance our leadership position in an increasingly dynamic global security

environment.”

“I am honored to join the Board during such a pivotal time for

AV and our national defense,” said Lynn. “AV’s innovative solutions are precisely the capabilities our warfighters and

allies need, and I look forward to helping the company advance its mission and drive growth.”

Lynn served as Chairman and Chief Executive Officer of Leonardo DRS, Inc.

(NASDAQ: DRS), a leading defense electronics company, from 2012 until 2026. Previously, he served as the 30th U.S. Deputy Secretary of

Defense from 2009 to 2011 under Secretaries Robert Gates and Leon Panetta, where as the Department’s chief operating officer he

led the development of the Department’s first cyber strategy.

Earlier in his career, he held senior roles at Raytheon Company (now

NYSE: RTX) and within the Department of Defense, including as Under Secretary of Defense (Comptroller) and Chief Financial Officer. Lynn

is a graduate of Dartmouth College, holds a J.D. from Cornell Law School and an M.P.A. in international affairs from Princeton University.

About AV

AeroVironment

(“AV”) (NASDAQ: AVAV) is a defense technology leader delivering integrated capabilities across air, land, sea, space, and

cyber. The Company develops and deploys autonomous systems, loitering munitions, counter-UAS technologies, space-based platforms, directed

energy systems, and cyber and electronic warfare capabilities—built to meet the mission needs of today’s warfighter and tomorrow’s

conflicts. At the core of these technologies lies AV_Halo™, a modular, mission-ready suite of AI-powered software platform that

empowers warfighters and enables full-battlefield dominance: detect, decide, deliver. With a national manufacturing footprint and a deep

innovation pipeline, AV delivers proven systems and future-defining capabilities at speed, scale, and operational relevance. For more

information, visit www.avinc.com.

Safe Harbor Statement

Certain statements

in this press release may constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act

of 1995. These statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties, which could

cause actual results to differ materially. Factors that may cause such differences include, but are not limited to, our ability to perform

under existing contracts and obtain new ones; regulatory changes; competitor activities; market growth; product development challenges;

and general economic conditions. For a more detailed discussion of these risks, please refer to AeroVironment’s filings with the

Securities and Exchange Commission. We undertake no obligation to update forward-looking statements as a result of new information or

future events.

/////////////////////////////////////////////////////////////////////////////////////////////////////

For additional media and information, please

Media Contact:

Koubaroulis

pr@avinc.com

703.718.4060

Investor Contact:

Denise Pacioni

ir@avinc.com

805.795.4108

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