---
schema_version: "secwatch.filing_event.v1"
accession: "0000894081-23-000205"
form_type: "8-K"
ticker: null
cik: "0000894081"
company_name: "Air Transport Services Group, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T18:34:19.078440+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ATSG appoints former CEO Joe Hete as CEO, succeeding Rich Corrado

## Summary
- Joe Hete, Chairman, appointed CEO effective Nov 6, 2023; replaces Rich Corrado whose CEO role ended Nov 3.
- Hete previously served as ATSG CEO from 2003 to 2020; comp includes $750k salary, target bonus up to 115% of base.
- Hete receives $1.2M RSU grant vesting after 12 months; eligible for LTIP awards at 300% of base salary starting 2024.
- Corrado receives severance: 24 months salary continuation, prorated 2023 bonus, and equity vesting under retirement provisions.

## SEC filing metadata
- accession: 0000894081-23-000205
- form_type: 8-K
- cik: 0000894081
- company_name: Air Transport Services Group, Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/894081/000089408123000205/0000894081-23-000205-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/894081/000089408123000205/atsg-20231106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000894081-23-000205
- JSON: https://secwatch.observer/filing/0000894081-23-000205.json
- Plain text: https://secwatch.observer/filing/0000894081-23-000205.txt

## Key facts
- Executive change
  Richard F. Corrado departed as Chief Executive Officer at Air Transport Services Group, Inc..
  - Action: ended
  - Role: Chief Executive Officer
  source text: Mr. Hete succeeds Richard F. Corrado whose position as Chief Executive Officer of the Company and its subsidiaries ended on November 3, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/894081/000089408123000205/0000894081-23-000205-index.htm
- Executive change
  Joseph C. Hete was appointed as Chief Executive Officer at Air Transport Services Group, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On November 6, 2023, the Board of Directors of the Company (the “Board”) appointed Joseph C. Hete, age 69, as Chief Executive Officer of the Company, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/894081/000089408123000205/0000894081-23-000205-index.htm

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