Bobbi Doorenbos
KRATOS DEFENSE & SECURITY SOLUTIONSAbout Bobbi Doorenbos
Brigadier General (Ret.) Bobbi “Flash” Doorenbos, age 55, joined the KTOS Board in March 2024 and is an independent director with a Top Secret National Security Clearance. She holds a BBA in Finance from Iowa State University, an M.S. in Intelligence from the Defense Intelligence Agency’s National Defense Intelligence College, and an Executive MBA from the University of Virginia Darden School of Business. Her career includes senior leadership in the White House, Headquarters Air Force, and National Guard Bureau; she is also a commercial airline pilot at American Airlines since 2001 .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| White House (Office of the Vice President) | Special Assistant to Vice President Biden for Defense Policy and Intelligence Programs | — | National security and defense policy advisory leadership |
| Headquarters Air Force | Military Deputy for Air Force Training and Readiness | — | Oversight of operational training infrastructure, readiness/reporting, aircrew management |
| 188th Wing | Wing Commander | — | Led transition from manned A-10 Warthog to unmanned MQ-9 Reaper, intelligence and targeting missions |
| 214th Reconnaissance Group | Group Leader | — | Stood up Launch & Recovery unit at Fort Huachuca, MQ-1 integration |
| U.S. Air Force / Air National Guard | F-16 Fighter Pilot | — | Early cohort of women fighter pilots; deployments in SOUTHERN WATCH, NOBLE EAGLE, IRAQI FREEDOM |
| National Guard Bureau | Ops/Intel/Requirements & Acquisitions Directorates | — | Senior operational and acquisitions experience |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| The Roosevelt Group | Senior Advisor | Since 2022 | Government affairs advisory; no related-party transactions disclosed at KTOS |
| American Airlines | Commercial Airline Pilot (Airbus A320) | Since 2001 | Aviation safety/operations; not a KTOS customer/supplier disclosure |
| White House Fellows Foundation & Association | Director | 2015–2022 | Non-profit governance |
| National Guard Association | Director | Since 2019 | Military community advocacy |
| STEM Flights (501(c)(3)) | Director | Since 2019 | STEM aviation education for students |
Board Governance
- Independence: The Board determined General Doorenbos is independent under NASDAQ Rule 5605(a)(2) .
- Committee assignments: Compensation Committee member (committee independent; meetings held 4 times in 2024) .
- Chair roles: None disclosed for Doorenbos .
- Attendance: Each director attended at least 75% of aggregate Board and Committee meetings during their service period in 2024; all directors then in office attended last year’s annual meeting .
- Executive sessions: Independent director executive sessions occur at each regular Board meeting; Compensation Committee also holds executive sessions .
- Board structure: Separate independent Chairman (William Hoglund) and CEO; Board views this as optimal structure currently .
Fixed Compensation
| Element | Amount | Period/Notes |
|---|---|---|
| Board Member Quarterly Retainer | $12,500 | Paid quarterly in arrears |
| Compensation Committee Member Quarterly Fee | $1,500 | Paid quarterly in arrears |
| Compensation Committee Chair Quarterly Retainer | $3,750 | If applicable (not for Doorenbos) |
| Board Chairman Quarterly Fee | $7,500 | For Chairman only |
| Audit Committee Member Quarterly Fee | $1,500 | If applicable |
| Nominating & Governance Committee Member Quarterly Fee | $1,250 | If applicable |
| Fees Earned (Doorenbos, FY2024) | $37,500 | Actual cash fees received |
Performance Compensation
| Grant Type | Grant Date | Shares | Grant-Date Fair Value per Share | Vesting | Notes |
|---|---|---|---|---|---|
| Annual Director RSUs | May 21, 2024 | 10,000 | $21.70 | Cliff vest after 1 year | Standard director equity award upon (re-)election; total fair value $217,000 |
| Total Stock Awards (Doorenbos, FY2024) | May 21, 2024 | 10,000 | — | As above | Reported total stock award value $217,000 |
- Director RSUs are time-based; no performance metrics apply to director equity awards. Directors may elect to defer issuance of vested RSUs until separation of service (deferral plan implemented in 2021) .
Other Directorships & Interlocks
- Current public company boards: None disclosed for Doorenbos .
- Non-profit boards: White House Fellows Foundation & Association; National Guard Association; STEM Flights .
- Potential interlocks/conflicts: Senior Advisor to The Roosevelt Group (government affairs). KTOS discloses no related-party transactions in 2024 and no third-party compensation arrangements for directors; Audit Committee oversees related-party approvals, reinforcing conflict controls .
Expertise & Qualifications
- Defense and national security policy leadership; fighter pilot/aviation operations; UAS transition and training infrastructure expertise .
- Advanced education in intelligence and business (M.S. Intelligence; Executive MBA) .
- Top Secret National Security Clearance .
Equity Ownership
| Holder | Common Shares Beneficially Owned (as of Mar 17, 2025) | % of Shares Outstanding | RSUs (Vested/Unvested) |
|---|---|---|---|
| Bobbi Doorenbos | — | — | 10,000 unvested RSUs as of Dec 29, 2024 |
| Total Shares Outstanding | 153,285,643 | — | — |
- Anti-hedging/pledging: KTOS prohibits hedging and pledging transactions in company securities by directors and executive officers, supporting alignment with shareholders .
- Director stock ownership guidelines: Not disclosed for directors; CEO guideline only (5x base salary) .
Governance Assessment
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Strengths:
- Independence, relevant defense/intelligence expertise, and Top Secret clearance support Board effectiveness in KTOS’s core markets .
- Compensation Committee membership contributes to pay oversight; committee independence and use of executive sessions bolster governance .
- Director pay structure balances modest cash retainers with annual time-based RSUs; optional deferral and anti-hedging/pledging policy enhance long-term alignment .
- No related-party transactions in 2024 and no third-party compensation arrangements for directors; strong Audit Committee oversight of related-party items .
- Broader investor confidence: 92.22% say-on-pay approval in 2024 indicates supportive shareholder sentiment for KTOS’s compensation governance .
-
Considerations/Watch items:
- External advisory role at The Roosevelt Group is not a disclosed conflict, but ongoing monitoring remains prudent given KTOS’s government-facing business; KTOS’s related-party review process mitigates risk .
- Beneficial common stock ownership for Doorenbos was not listed as of the record date; equity alignment currently relies on unvested RSUs and policy mechanisms (anti-hedging/pledging, deferral) .
Overall, Doorenbos adds deep national security and operational aviation expertise, is independent and engaged, and operates within KTOS’s conservative governance framework (committee independence, executive sessions, conflict controls). No red flags were disclosed regarding attendance, conflicts, or director pay anomalies in 2024 .