---
schema_version: "secwatch.filing_event.v1"
accession: "0000353184-26-000027"
form_type: "8-K"
ticker: "AIRT"
cik: "0000353184"
company_name: "AIR T INC"
filed_at: "2026-03-04T23:59:59+00:00"
generated_at: "2026-05-15T21:54:37.175551+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000353184-26-000027
- form_type: 8-K
- ticker: AIRT
- cik: 0000353184
- company_name: AIR T INC
- filed_at: 2026-03-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/353184/000035318426000027/0000353184-26-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/353184/000035318426000027/airt-20260304.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000353184-26-000027
- JSON: https://secwatch.observer/filing/0000353184-26-000027.json
- Plain text: https://secwatch.observer/filing/0000353184-26-000027.txt

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