Air Lease founder Steven Udvar-Házy to retire as Executive Chairman, become non-executive Chairman on May 2, 2025

AIR LEASE CORP

Steven Udvar-Házy to retire as Executive Chairman effective May 2, 2025; will serve as non-executive Chairman until 2026 annual meeting.
Retirement package includes salary continuation at $1.8M/yr for 2 years, ~$5.6M cash bonus (2x avg bonus), prorated 2025 bonus, and continued RSU vesting.
Udvar-Házy subject to 6-month non-competition, non-solicitation, and mutual non-disparagement obligations.
Press release highlights $32B total assets, $28B fleet, $17B orderbook; management expresses confidence in future growth.
Letter agreement supersedes prior severance agreement and Irish employment agreement for benefits.

item 5.02 item 7.01 item 9.01

Executive movements

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Role change

Steven Udvar-Házy

Executive Chairman

AIR LEASE CORP

Effective: 2025-05-02
Filed: March 13, 2025, 7:59 PM ET

On March 13, 2025, Mr. Steven Udvar-Házy notified Air Lease Corporation (the “Company”) of his intent to retire from his position as Executive Chairman of the Company effective as of the date of the Company’s 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”), currently expected to be held on May 2, 2025 (the “Retirement Date”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Steven Udvar-Házy retired as Executive Chairman at AIR LEASE CORP.

Action: retired
Role: Executive Chairman

Exact text from the filing

On March 13, 2025, Mr. Steven Udvar-Házy notified Air Lease Corporation (the “Company”) of his intent to retire from his position as Executive Chairman of the Company effective as of the date of the Company’s 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”), currently expected to be held on May 2, 2025 (the “Retirement Date”).

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Source: SEC EDGAR

accession 0001193125-25-054039

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