8-K - Air T, Inc. | StockGist

AI Analysis

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Air T, Inc. entered into a new employment agreement with Tracy Kennedy, its Chief Financial Officer, effective February 27, 2026, with base salary starting at $331,000 per year, increasing to $360,000 on January 1, 2027, and $397,000 on January 1, 2028, plus quarterly performance-based incentives and severance provisions.

Key Takeaways

1New employment agreement with Tracy Kennedy, Chief Financial Officer, dated February 20, 2026, effective February 27, 2026

2Base salary $331,000 per year, increasing to $360,000 effective January 1, 2027, and $397,000 effective January 1, 2028

3Quarterly incentive compensation based on 1-5 performance rating (0% to 90%+ of quarterly base salary)

4Severance of 6 months plus 1 month per year of service (max 12 months base salary) if terminated without Cause

5Four weeks vacation per year and standard Company benefits

6Restrictive covenants including 12-month non-compete, non-solicitation, confidentiality, and non-disparagement

Current Report Details

Event Type

Management Change

Disclosure

Mandatory

Variant

8-K

Items Reported

5.02

Compensatory Arrangements of Certain Officers Effective February 27, 2026, Air T, Inc. (the “Company”) and Tracy Kennedy entered into a new employment agreement

Management Change

9.01

Financial Statements and Exhibits 10.1 Employment Agreement between Air T, Inc. and Tracy Kennedy, executed February 27, 2026 104 Inline XBRL for the cover page

Exhibits Only

Executive & Director Changes

Tracy Kennedy

Chief Financial Officer

New Employment Agreement

Effective: 2026-02-27

Exhibits (2)

10.1

EX-10.1

8-K