Air T stockholders elect all directors, approve Say-on-Pay and officer exculpation amendment

AIR T INC

92.96% of outstanding shares (2,619,417 of 2,817,754) represented at the 2023 annual meeting.
All six director nominees elected, with Nicholas J. Swenson receiving highest votes (2,171,160).
Advisory vote on executive compensation passed with 2,165,729 for, 6,194 against.
Amendment to Certificate of Incorporation for officer exculpation approved (2,166,541 for, 4,688 against).
Ratification of Deloitte & Touche as independent auditor for 2024 passed with 2,619,172 for.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

AIR T INC shareholders approved Ratify the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for 2024. at the 2023-08-16 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2023-08-16

Exact text from the filing

Proposal 4. Ratify the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for 2024. Votes For Votes Against Abstain 2,619,172 70 175

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

AIR T INC shareholders approved Advisory vote to approve the compensation of the Company's named executive officers. at the 2023-08-16 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2023-08-16

Exact text from the filing

Proposal 2. Advisory vote to approve the compensation of the Company's named executive officers. Votes For Votes Against Abstain Broker Non-Votes 2,165,729 6,194 342 447,152

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

AIR T INC shareholders approved Election of Directors at the 2023-08-16 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-08-16

Exact text from the filing

Proposal 1. Election of Directors Votes For Votes Withheld Broker Non-Votes Raymond E. Cabillot 2,148,999 23,266 447,152 William R. Foudray 1,930,912 241,353 447,152 Gary S. Kohler 2,170,767 1,498 447,152 Peter McClung 2,148,999 23,266 447,152 Nicholas J. Swenson 2,171,160 1,105 447,152 Travis Swenson Jamie Thingelstad 2,170,935 2,171,160 1,330 1,105 447,152 447,152

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

AIR T INC shareholders approved Adopt an amendment to the Company's Certificate of Incorporation to allow for the exculpation of Officers. at the 2023-08-16 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-08-16

Exact text from the filing

Proposal 3. Adopt an amendment to the Company's Certificate of Incorporation to allow for the exculpation of Officers. Votes For Votes Against Abstain Broker Non-Votes 2,166,541 4,688 1,036 447,152

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AIR T INC filing history →

Source: SEC EDGAR

accession 0000353184-23-000100

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