Air T appoints Tracy Kennedy as permanent CFO with $270K base salary and performance-based incentives

AIR T INC

Kennedy, previously interim principal financial officer and CAO, became permanent CFO effective October 16, 2024.
Annual base salary of $270,000; eligible for quarterly incentive bonuses up to $55,000+ based on CEO ratings.
Employment agreement includes six-month severance plus one month per year of service (max 12 months) if terminated without cause.
Restrictive covenants cover non-competition, non-solicitation, non-disparagement, and confidentiality.
CEO Nick Swenson cited Kennedy's six-year tenure and leadership in accounting through a period of significant growth.

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