secwatch.observer — SEC 8-K summary
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Issuer:     AIR T INC (AIRT)
CIK:        0000353184
Form:       8-K
Filed at:   2026-03-04T23:59:59+00:00
Accession:  0000353184-26-000027
Event type: leadership
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/353184/000035318426000027/0000353184-26-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/353184/000035318426000027/airt-20260304.htm
  HTML page:      https://secwatch.observer/filing/0000353184-26-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer