secwatch.observer — SEC 8-K summary
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Issuer:     AIR T INC (AIRT)
CIK:        0000353184
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0000353184-24-000039
Event type: regulatory
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Air T amends bylaws: lowers special meeting threshold to 25%, adds foreign ownership limit
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- Board approved Second Amended and Restated Bylaws on March 21, 2024, effective immediately.
- Shareholder special meeting threshold lowered from majority to 25% of outstanding voting power.
- Advance notice procedures for shareholder nominations and proposals were revised.
- Added foreign ownership limitation provision to comply with Department of Transportation regulations.
- Other ministerial and clarifying changes were made to the bylaws.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/353184/000035318424000039/0000353184-24-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/353184/000035318424000039/airt-20240327.htm
  HTML page:      https://secwatch.observer/filing/0000353184-24-000039

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