AIRTP · Air T, Inc.

Summary

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

• New employment agreement with Tracy Kennedy, Chief Financial Officer, dated February 20, 2026, effective February 27, 2026
• Base salary $331,000 per year, increasing to $360,000 effective January 1, 2027, and $397,000 effective January 1, 2028
• Quarterly incentive compensation based on 1-5 performance rating (0% to 90%+ of quarterly base salary)
• Severance of 6 months plus 1 month per year of service (max 12 months base salary) if terminated without Cause
• Four weeks vacation per year and standard Company benefits
• Restrictive covenants including 12-month non-compete, non-solicitation, confidentiality, and non-disparagement