Air T enters new employment agreement with CFO Tracy Kennedy; base salary to rise to $397k by 2028

AIR T INC

New agreement with CFO Tracy Kennedy (eff. Feb 27, 2026) sets base salary at $331k, rising to $360k (Jan 2027) and $397k (Jan 2028).
Quarterly incentive pay tied to 1-5 rating: 0% (rating 1) to 90%+ (rating 5) of quarterly base salary, at CEO's discretion.
Severance if terminated without cause: 6 months plus 1 month/year of service, max 12 months of base salary; requires release of claims.
12-month post-employment non-compete, non-solicitation, confidentiality, non-disparagement; at-will employment.

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