---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-039779"
form_type: "8-K"
ticker: "SOAR"
cik: "0001853070"
company_name: "Volato Group, Inc."
filed_at: "2024-09-09T23:59:59+00:00"
generated_at: "2026-05-31T05:56:35.892941+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Volato Group receives NYSE compliance plan approval; CTO resigns; executive agreements not renewed

## Summary
- NYSE American accepted company's compliance plan on Sept 5, 2024, granting extension through Dec 18, 2025 to regain listing standards.
- CTO Steven Drucker resigned effective Sept 6, 2024; no disagreement with company's financials, operations, policies, or practices.
- Board notified CEO, CCO, COO, CTO, CFO that their employment agreements will not be renewed beyond Nov 30, 2024; they become at-will.
- Company faces quarterly compliance reviews; if not compliant by Dec 18, 2025, NYSE American may delist SOAR stock.

## SEC filing metadata
- accession: 0001628280-24-039779
- form_type: 8-K
- ticker: SOAR
- cik: 0001853070
- company_name: Volato Group, Inc.
- filed_at: 2024-09-09T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1853070/000162828024039779/0001628280-24-039779-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1853070/000162828024039779/soar-20240905.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-039779
- JSON: https://secwatch.observer/filing/0001628280-24-039779.json
- Plain text: https://secwatch.observer/filing/0001628280-24-039779.txt

## Key facts
- Executive change
  Steven Drucker resigned as Chief Technology Officer at Volato Group, Inc..
  - Action: resigned
  - Role: Chief Technology Officer
  source text: On September 6, 2024, Steven Drucker, the Company's Chief Technology Officer, resigned from his position.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1853070/000162828024039779/0001628280-24-039779-index.htm

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