Key Developments: Air T Inc (AIRT.O)

AIRT.O on Consolidated Issue listed on NASDAQ Capital Market

24 Apr 2015
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Latest Key Developments (Source: Significant Developments)

Air T Inc announces appointment of CFO - Form 8-K
Monday, 17 Nov 2014 04:47pm EST 

Air T Inc:Says on Nov. 17, 2014, it appointed Candice L. Otey as its vice president-finance, chief financial officer, treasurer and secretary and designated her as the company’s principal financial officer.Says Otey, appointed as the company’s principal accounting officer on July 25, 2014, will continue to serve in that position.Says in connection with Otey’s appointment, on Nov. 17, 2014, Cheryl C. Sigmon was removed as the company’s vice president-finance, treasurer, secretary and principal financial officer.Says Sigmon will continue to serve the company as the chief financial officer of the company’s air cargo segment, which is comprised of its Mountain Air Cargo, Inc. and CSA Air, Inc. subsidiaries.  Full Article

Air T Inc's Global Ground Support receives new contract from United States Air Force
Tuesday, 20 May 2014 10:00am EDT 

Air T Inc:Says its wholly owned subsidiary, Global Ground Support, LLC, receives new contract to be sole supplier of deicing trucks to the United States Air Force.Contract award is for two years commencing July 14, 2014 with four additional one-year extension options that may be exercised by the United States Air Force at a total contract value up to $38 mln.Award includes standard deicer trucks and extended-reach deicer trucks along with shipping and training costs.Actual value of contract as well as units delivered will be determined based upon actual annual requirements of the United States Air Force.Contract will follow Global's current contract with the United States Air Force which will expire July 13, 2014.Global has provided 485 deicers under United States Air Force contracts over the past fifteen years.  Full Article

Air T Inc Announces CEO Departure And Appointment Of Interim CEO And New Director
Tuesday, 5 Nov 2013 12:08pm EST 

Air T, Inc announced that the resignation of Walter Clark as Chief Executive Officer (CEO) and President and the appointment of current Board Chairman, Nick Swenson, as interim Chief Executive Officer. In addition, Air T announced that Mr. Clark has conditionally resigned as a director effective November 13, 2013 and that William H. Simpson, an Executive Vice President of Air T and the President of Air T's Mountain Air Cargo subsidiary, has been elected as a director to replace Mr. Clark.  Full Article

Air T Inc Announces Annual Cash Dividend
Monday, 20 May 2013 10:00am EDT 

Air T Inc announced Board of Director approval for payment of a $0.30 per share fiscal 2013 annual cash dividend, to be paid on June 28, 2013 to shareholders of record June 7, 2013.  Full Article

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