UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
(c)
On March 4, 2024, the Board of Directors of Unusual Machines, Inc. (the “Company”) appointed Andrew Camden, 33, as the Company’s Chief Operating Officer, effective immediately. Mr. Camden has been the President of Rotor Riot, LLC since 2018. On February 16, 2024, the Company acquired Rotor Riot, LLC.
Mr. Camden will receive a salary of $150,000 per year, an increase of $25,000 to cover his added responsibilities.
Mr. Camden was not appointed pursuant to any arrangement or understanding with any person, and Mr. Camden does not have any family relationships with any directors or executive officers of the Company.
Item 8.01. Other Events.
On March 7, 2024, the Company issued a press release announcing the appointment of Andrew Camden as the Chief Operating Officer of the Company as described in Item 5.02 of this Current Report. The Company’s press release is furnished as Exhibit 99.1 to this Current Report.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit # | Exhibit Description | Form | Date | Number | Filed or Furnished Herewith | |||||
| 99.1 | Press Release Dated March 7, 2024 | X | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
| 4 |
SIGNATURES
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.
| Unusual Machines, Inc. | ||
| Date: March 7, 2024 | By: | /s/ Allan Evans |
| Name: | Allan Evans | |
| Title: | Chief Financial Officer | |
| 5 |
Exhibit 99.1
Unusual Machines Appoints FPV Drone Expert Andrew Camden as Chief Operating Officer
SAN JUAN, PUERTO RICO – March 7, 2024 (ACCESSWIRE) – Unusual Machines, Inc. (NYSE American: UMAC) (“Unusual Machines” or the “Company”), a drone and drone components manufacturer, announced today the appointment of First-Person View (“FPV”) drone expert Drew Camden as its Chief Operating Officer.
Camden’s ascent in the drone industry began with his captivating FPV Freestyle videos on YouTube. Appointed President of Rotor Riot in 2018, Camden diversified the Rotor Riot by expanding media production and adding e-commerce. Camden established Rotor Riot’s first formal headquarters in Orlando, transformed retail operations, and launched a line of ready-to-fly FPV freestyle drones, positioning Rotor Riot for acquisition by Red Cat Holdings in 2020. Since that time, he has continued to lead Rotor Riot, generating a remarkable 50% year-over-year average revenue growth.
“Drew’s has demonstrated himself as a business leader with his hands on management driving the continued rapid growth of Rotor Riot,” said Allan Evans, CEO of Unusual Machines. “His appointment as COO is a testament to his outstanding leadership qualities and will let us gain the advantage of his work ethic and expertise across the entire business. We are confident that with Drew’s contribution to the team, Unusual Machines will be able to expand and effectively serve a much larger portion of the drone industry.”
Prior to his work in the drone industry, Camden earned a bachelor’s degree in Engineering Physics from Tulane University and worked as an engineer for General Motors.
Camden expressed his enthusiasm about the new role, stating, “I am excited to join Unusual Machines as Chief Operating Officer. I get to work with a great team on an ambitious plan. The job will be a test of all the skills I have developed while at Rotor Riot. Working in the Automotive Industry early in my career has given me a preview of the maturity that we can bring to the American Drone Industry.”
About Unusual Machines
Unusual Machines manufactures and sells drone components and drones across a diversified brand portfolio, which includes Fat Shark, the leader in FPV (first-person view) ultra-low latency video goggles for drone pilots. The Company also retails small, acrobatic FPV drones and equipment directly to consumers through the curated Rotor Riot e-commerce store. With a changing regulatory environment, Unusual Machines seeks to be a dominant Tier-1 parts supplier to the fast-growing multi-billion-dollar US drone industry. According to Fact.MR, the global drone accessories market is currently valued at $17.5 billion and is set to top $115 billion by 2032.
For more information visit Unusual Machines at https://www.unusualmachines.com/.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including Unusual Machine’s future expansion and becoming a dominant tier-1 supplier to the drone industry. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “will,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. The results expected by some or all of these forward-looking statements may not occur. Factors that affect our ability to achieve these results include our ability to select, negotiate and close any acquisition targets, the sufficiency of our cash resources and future stock price, our ability to enhance our existing products, develop new products and create new services for our customers and future customers, and the risk factors contained in our final Prospectus filed with the Securities and Exchange Commission. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Any forward-looking statement made by us herein speaks only as of the date on which it is made. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Contact:
Dave Gentry
RedChip Companies
1-407-491-4498
1-800-733-2447
UMAC@redchip.com
SOURCE: Unusual Machines, Inc.
Cover |
Mar. 04, 2024 |
|---|---|
| Cover [Abstract] | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | Mar. 04, 2024 |
| Entity File Number | 333-270519 |
| Entity Registrant Name | Unusual Machines, Inc. |
| Entity Central Index Key | 0001956955 |
| Entity Tax Identification Number | 66-0927642 |
| Entity Incorporation, State or Country Code | PR |
| Entity Address, Address Line One | 151 Calle De San Francisco |
| Entity Address, Address Line Two | Suite 200 PMB 2106 |
| Entity Address, City or Town | San Juan |
| Entity Address, Country | PR |
| Entity Address, Postal Zip Code | 00901-1607 |
| City Area Code | (720) |
| Local Phone Number | 383-8983 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Common Stock, $0.01 |
| Trading Symbol | UMAC |
| Security Exchange Name | NYSEAMER |
| Entity Emerging Growth Company | true |
| Elected Not To Use the Extended Transition Period | false |