{"schema_version":"secwatch.filing_event.v1","accession":"0000353184-24-000059","form_type":"8-K","ticker":"AIRT","cik":"0000353184","company_name":"AIR T INC","filed_at":"2024-05-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.572573+00:00","generated_at":"2026-06-01T07:17:03.807013+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Air T subsidiary CAS redeems 16% of CEO's interest for $4.57M plus earnout","bullets":["CAS will redeem 16% of Joe Kuhn’s 21% membership interest for $4.57M via secured subordinated note.","Note bears interest at 10-year Treasury + 375 bps; 12-month interest-only then 3-year amortization with deferral if loan default risk.","Earnout: annual payment of 9.14% of CAS Adjusted EBITDA above $7M through FY2029, subordinated to senior debt.","Remaining 5% interest subject to put/call from April 2026 at 5% of CAS Equity Value (9x avg EBITDA minus debt).","Transaction effective April 1, 2024; related-party with CAS's CEO."],"urls":{"canonical":"https://secwatch.observer/filing/0000353184-24-000059","json":"https://secwatch.observer/filing/0000353184-24-000059.json","markdown":"https://secwatch.observer/filing/0000353184-24-000059.md","text":"https://secwatch.observer/filing/0000353184-24-000059.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/353184/000035318424000059/0000353184-24-000059-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/353184/000035318424000059/airt-20240531.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T07:17:03.807013+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}