Air T, Inc. filings for AIRTP document the trust preferred security structure, capital-raising notices, material agreements, governance matters, and capital-structure disclosures tied to Air T Funding Alpha Income Preferred Securities. Recent 8-K reports cover proposed offerings of additional trust preferred securities, executive compensation arrangements, and other material events affecting the issuer and guarantor framework.
The filing record also includes amendments providing acquired-business financial statements and unaudited pro forma financial information for a completed acquisition through an Air T subsidiary. Registration and material-event disclosures describe the preferred securities, related warrant history, offering mechanics, and the operating context of Air T’s portfolio businesses in air cargo, ground support equipment, and commercial aircraft assets.
Air T (NASDAQ:AIRTP) filed an 8-K announcing that its 95%-owned subsidiary CASP Leasing I, LLC signed two separate sale-and-purchase agreements on June 19, 2025 to sell one Airbus A-320-214 and one Airbus A-321-111 to FTAI Aircraft Leasing Ireland (2025) DAC.
The aggregate purchase price exceeds $25 million. Closings are targeted for the week of July 7, 2025 but remain subject to customary conditions, and there is no assurance the deals will close.
Redacted agreements are filed as Exhibits 10.1 and 10.2. Successful completion would monetize aircraft inventory held through the Contrail platform and could materially enhance near-term liquidity.
Air T, Inc. has released its preliminary Schedule 14A detailing matters to be voted on at the August 14, 2025 Annual Meeting of Stockholders to be held in Minneapolis and accessible by webcast. The record date is June 25, 2025, covering 2,702,639 outstanding common shares. Shareholders will consider six items:
- Election of seven directors to serve until the next annual meeting.
- Advisory “say-on-pay” vote on compensation of named executive officers.
- Amendment of the Restated Certificate of Incorporation to increase authorized preferred stock from 2 million to 4 million shares (par value $1.00).
- Advisory vote on the frequency of future say-on-pay votes (Board recommends every year).
- Ratification of Deloitte & Touche LLP as independent registered public accounting firm for FY 2026.
- Any other business that may properly come before the meeting.
The Board recommends a FOR vote on all proposals, underscoring confidence in current governance and compensation practices and the need for additional financing flexibility via expanded preferred share authorization. Proxies properly submitted without specific instructions will be voted in line with these recommendations. Abstentions and broker non-votes will not affect the director elections but could influence other items depending on thresholds. All solicitation costs will be borne by the Company, and stockholders may vote by mail, telephone, Internet, or in person/virtually. Revocation of proxies is permitted at any time before the meeting.