---
schema_version: "secwatch.filing_event.v1"
accession: "0000353184-24-000126"
form_type: "8-K"
ticker: "AIRT"
cik: "0000353184"
company_name: "AIR T INC"
filed_at: "2024-10-22T23:59:59+00:00"
generated_at: "2026-05-30T11:53:11.138386+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000353184-24-000126
- form_type: 8-K
- ticker: AIRT
- cik: 0000353184
- company_name: AIR T INC
- filed_at: 2024-10-22T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/353184/000035318424000126/0000353184-24-000126-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/353184/000035318424000126/airt-20241022.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000353184-24-000126
- JSON: https://secwatch.observer/filing/0000353184-24-000126.json
- Plain text: https://secwatch.observer/filing/0000353184-24-000126.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.