SCHEDULE: AeroVironment Directors Resign from Board

Arlington Capital Partners designees David Wodlinger and Henry Albers have resigned from the AeroVironment Board of Directors.

Summary

• David Wodlinger and Henry Albers resigned from the AeroVironment Board of Directors effective June 17, 2026.
• The resignations were not due to any disagreements with company management regarding operations, policies, or practices.
• The Shareholder (Arlington Capital Partners) retains the right to appoint two successor directors to fill the vacancies.
• The Board of Directors now consists of eight members.
• Arlington Capital Partners continues to hold a significant stake, with Altitude V and VI holding 13.5% and 10.6% of common stock respectively.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event; while board turnover can be disruptive, the explicit confirmation of no management disagreement suggests a routine administrative change.

Positives

• The departing directors explicitly stated that their resignations were not caused by disagreements with management, reducing uncertainty regarding internal corporate friction.

Negatives

• The loss of two board members representing a major shareholder group creates temporary vacancies on the Board.

Risks

• Potential for future board composition changes as the Shareholder decides whether or not to exercise its right to appoint successor directors.

Future Outlook

The filing does not provide specific operational guidance, but notes that the Shareholder retains the right to appoint two successor directors to the Board.

Management Comments

• Both Mr. Wodlinger and Mr. Albers noted in their separate letters that their decision to resign from the Board is not the result of any disagreement with management on any matter relating to the Company's operations, policies, or practices.

Industry Context

StockSavvy.ai notes that board turnover involving private equity designees is common as investment funds reach maturity or rebalance portfolios, and this specific event appears to be a standard administrative transition rather than a signal of operational distress.

Comparison to Industry Standards

• The resignation of board members without disagreement is a standard corporate governance event that aligns with typical practices for companies with private equity backing.
• The retention of board seat rights by a major shareholder (Arlington Capital Partners) is consistent with standard shareholder agreements in the aerospace and defense sector.

Management Changes

Corporate Governance

Stakeholder Impact

• Shareholders: Minimal impact expected as the resignations were amicable and the Shareholder retains board representation rights.

Next Steps

• The Shareholder may designate two successor directors to fill the current vacancies on the Board.

Key Dates

Keywords

AeroVironment, Board Resignation, Arlington Capital Partners, Corporate Governance, Schedule 13D