On August 5, 2020, Paul Lundstrom resigned as Chief Financial Officer and Vice President of Aerojet Rocketdyne Holdings, Inc. (the “Company”), effective August 7, 2020, to join Flex Ltd. as its Chief Financial Officer. Mr. Lundstrom’s resignation did not arise from any disagreement on any matter relating to the operations, policies or practices of the Company. 

On August 5, 2020, the Company appointed Dan Boehle, the Principal Accounting Officer, Vice President and Controller of the Company, to also serve as its Chief Financial Officer effective at the same time as Mr. Lundstrom’s resignation as Chief Financial Officer and Vice President. 

Mr. Boehle, 48, has served as the Company’s Principal Accounting Officer, Vice President and Controller since August, 2017. Mr. Boehle was previously employed at Northrop Grumman Corporation (“Northrop”) from 2001 until joining the Company in 2017. In recent prior positions at Northrop, Mr. Boehle served as Northrop’s Director of Aerospace Systems Sector Financial Planning, Reporting, and Analysis from 2013 until 2017, Director, Corporate Internal Audit from 2012 until 2013, and Director, Corporate Assistant Controller from 2008 until 2012. Before joining Northrop, Mr. Boehle was a senior audit manager at KPMG LLP managing financial statement audits for private and public companies. Mr. Boehle received a Master of Business Administration from UCLA Anderson School of Management, a Bachelor of Science in accounting from Loyola Marymount University and is a certified public accountant. 

Mr. Boehle does not have any family relationships with any of the directors, executive officers, or any people nominated or chosen by the Company to become a director or executive officer. Mr. Boehle is not a party to any transactions requiring disclosure under Item 404(a) of Regulation S-K. 

Pursuant to the terms of Mr. Boehle’s offer letter, attached hereto as Exhibit 10.1 (the “Offer Letter”), he will receive an annual base salary of $475,000 and will also be eligible to receive the following: (i) an annual target incentive opportunity of 75% of base salary which shall be prorated for the 2020 fiscal year; (ii) a long-term incentive target of 200% of base salary beginning with Mr. Boehle's participation in the Company’s 2021 Long-Term Incentive Plan and (iii) four (4) weeks of paid time off per annum. Additionally, Mr. Boehle will be granted time-based restricted stock units of the Company’s common stock in an amount equal to $250,000 calculated using the closing price of the Company’s common stock as reported on the New York Stock Exchange on the date of Mr. Boehle’s employment as Chief Financial Officer. These shares will vest ratably in three equal tranches on the anniversary of the grant date over three years. 

The foregoing description of Mr. Boehle’s offer letter does not purport to be complete and is qualified in its entirety by reference to the Offer Letter, which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

On August 7, 2020, the Company issued a press release announcing the appointment of Dan Boehle to serve as the Company’s Chief Financial Officer. A copy of the press release is attached hereto as Exhibit 99.1.

(d)      Exhibits

Exhibit No.		Description
10.1		Offer letter between Aerojet Rocketdyne Holdings, Inc. and Dan Boehle, dated August 6, 2020.
99.1		Press Release, dated August 7, 2020.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)