PARK AEROSPACE CORP

Park Aerospace Corp. announced the election of Constantine ("Gus") Petropoulos as Senior Vice President and Chief Financial Officer. Petropoulos previously served as Senior Vice President and Chief Legal and Capital Markets Officer since January 2026, and prior to that, as Senior Vice President-Administration and General Counsel from February 2025 to January 2026. He will continue to report to Brian E. Shore, Park's Chairman and CEO, who expressed confidence in Petropoulos's ability to capitalize on the company's opportunities.

Park Aerospace Corp. announced with deep sadness the sudden passing of Daniel McNamara, its Vice President and Corporate Controller, on July 19, 2026. McNamara joined the company in 2012 as a Senior Accountant and steadily rose through the ranks to his most recent position. Chairman and CEO Brian E. Shore expressed profound grief, highlighting McNamara's competence, capability, and beloved status within the company.

Park Aerospace Corp. reported strong financial results for the 13 weeks ended May 31, 2026, with net sales increasing to $18.3 million, an 18.8% rise from the prior year. Gross profit margins improved significantly to 34.8%, leading to a 73.1% increase in earnings from operations before income taxes and a 69.9% rise in net earnings. The company also announced an exclusive North American distribution agreement with ArianeGroup SAS and advanced €4,587,000 for future product purchases.

Park Aerospace Corp. reported its first quarter fiscal year 2027 results, showing significant year-over-year improvements in net sales, net earnings, and Adjusted EBITDA. Net sales rose to $18.3 million from $15.4 million in the prior year's first quarter, with net earnings increasing to $3.5 million. However, results were lower compared to the immediately preceding fourth quarter of fiscal year 2026. The company will host a conference call to discuss these financial results.

Park Aerospace Corp. announced that it will release its financial results for the first quarter of fiscal year 2027, which ended May 31, 2026, after the New York Stock Exchange closes on Monday, July 20, 2026. The company will host a conference call to discuss these results at 5:00 p.m. EDT on the same day. Details for accessing the conference call via dial-in and live audio webcast, along with presentation materials, have been provided.

Park Aerospace Corp. announced the election of John Jamieson to the newly created position of Senior Vice President and General Manager. Jamieson, who previously served as Senior Vice President of Project Management since July 2024, will continue to report to President and COO Mark Esquivel. He brings extensive experience, including a prior stint as Vice President of Supply Chain at Park Aerospace and Chief Operating Officer of Active Dynamics Group. Chairman and CEO Brian Shore expressed strong confidence in Jamieson's ability to lead the company towards its goals.

Park Aerospace Corp. announced a change in its senior management. The company terminated the employment of Cory Nickel, Senior Vice President and General Manager, effective July 7, 2026. Concurrently, John Jamieson was appointed to the role of Senior Vice President and General Manager. Mr. Jamieson has a history with the company, having served as Senior Vice President of Project Management and previously as Vice President of Supply Chain. His annual base salary will increase to $205,000.

Park Aerospace Corp. announced its Annual Meeting of Shareholders will be held virtually on July 21, 2026, at 11:00 A.M. E.D.T. Shareholders will vote on the election of six directors, an advisory resolution on named executive officer compensation, and the ratification of CohnReznick LLP as the independent auditor for the fiscal year ending February 28, 2027. Only shareholders of record as of June 1, 2026, are eligible to vote.

Park Aerospace Corp. has declared a regular quarterly cash dividend of $0.125 per share, payable on August 3, 2026, to shareholders of record as of July 1, 2026. This declaration extends the company's record to 41 consecutive years of uninterrupted regular quarterly cash dividends. Since the beginning of its 2005 fiscal year, Park Aerospace has distributed $613.7 million in cash dividends, equating to $29.975 per share, with the upcoming payment pushing the per-share total over $30.00.

Park Aerospace Corp. reported a significant increase in its backlog, reaching approximately $51.4 million as of May 18, 2026, up from $25.8 million in the prior year. The company plans to build a new composites material manufacturing and development facility, with construction expected to begin in fiscal year 2027, to support increased demand. Additionally, Park entered an agreement with ArianeGroup SAS to advance €4.59 million for future C2B® product purchases to fund new manufacturing equipment. The filing also highlighted various business risks, including supply chain disruptions, customer concentration, and cybersecurity threats.