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Posted 26 May, 2021

AgEagle Aerial Systems Inc. appointed Mr. Brandon Torres Declet as new CEO

NYSE:UAVS appointed new Chief Executive Officer Mr. Brandon Torres Declet in a 8-K filed on 26 May, 2021.


  Mr. Brandon Torres Declet, the Company's current Chief Operating Officer, has been appointed to serve as the new Chief Executive Officer of the Company.  

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Overview of AgEagle Aerial Systems Inc.
Industrial Goods • Aerospace Products/Parts
AgEagle Aerial Systems, Inc. engages in the design and manufacture of drones for commercial use. The firm also enables the capturing, imaging, editing, and analyzing of images and data captured by drones and intends on using commercial drones to be used for delivery services of goods. It offers contract manufacturing, drone solutions, and agriculture solutions. The company was founded on March 31, 1999 and is headquartered in Wichita, KS.
Market Cap
$10.1M
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AgEagle Aerial Systems Inc. by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On May 24, 2021, AgEagle Aerial Systems Inc. (the "Company") and J. Michael Drozd mutually agreed to Mr. Drozd's resignation as Chief Executive Officer of the Company, effective immediately. Mr. Drozd resigned to pursue new career opportunities.


Mr. Brandon Torres Declet, the Company's current Chief Operating Officer, has been appointed to serve as the new Chief Executive Officer of the Company. Mr. Torres Declet will not continue to serve as Chief Operating Officer.


As previously disclosed in a Current Report on Form 8-K filed on April 23, 2021, in connection with the Company's acquisition of Measure Global, Inc. (the "April Form 8-K") Mr. Torres Declet joined the Company as Chief Operating Officer and as a member of the board of directors on April 19, 2021. Mr. Torres Declet also currently serves as the President of Measure, the Company's wholly-owned subsidiary. Prior to joining the Company, Mr. Torres Declet co-founded Measure Global and served as its President since 2014.


There is no arrangement or understanding between Mr. Torres Declet and any other person pursuant to which Mr. Torres Declet was appointed as Chief Executive Officer of the Company, and (ii) other than as disclosed in the April Form 8-K, Mr. Torres Declet has not had an interest in any transaction since the beginning of the Company's last fiscal year, or any currently proposed transaction, that requires disclosure pursuant to Item 404(a) of Regulation S-K. There are no family relationships among any of our directors or executive officers and Mr. Torres Declet.


The Compensation Committee of the board of directors will re-evaluate Mr. Torres Declet's current employment terms and compensation and make a recommendation as to whether there will be any changes. At such time that a determination is made to amend Mr. Torres Declet's current compensation or other employment terms, the Company will file a subsequent Current Report on Form 8-K to disclose such new arrangements.