Sumisho Air Lease (AL) to cut 64 jobs in 40% post-merger workforce reduction

How is the workforce reduction at Sumisho Air Lease related to its recent merger?

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8-K Event Classification

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What workforce changes did Sumisho Air Lease Corporation (AL) announce?

When will Sumisho Air Lease Corporation’s workforce reduction be completed?

What severance benefits will affected Sumisho Air Lease (AL) employees receive?

Can Sumisho Air Lease estimate the cost of the workforce reduction yet?

What forward-looking risks did Sumisho Air Lease highlight about this restructuring?

The workforce reduction was approved in connection with completion of the merger where Sumisho Air Lease merged into Takeoff Merger Sub Inc. and became an indirect subsidiary of an Irish designated activity company. The cuts appear to be part of post-merger restructuring.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Sumisho Air Lease Corporation reported a major restructuring following its merger into Takeoff Merger Sub Inc., becoming an indirect subsidiary of Sumisho Air Lease Corporation Designated Activity Company. The company approved a workforce reduction affecting 64 employees, representing a 40% cut versus December 31, 2025 staffing.

Affected employees were notified between April 8 and April 10, 2026, with reductions expected to be completed in the second and third quarters of 2026. Impacted staff are eligible for severance payments based on length of service and continued benefits for a set period, contingent on signing a separation agreement with a general release of claims. The company states it cannot yet reasonably estimate the total costs and will amend this Form 8-K when those estimates are available.

None.

The company is implementing a significant restructuring, cutting 64 employees, a 40% reduction in workforce compared with December 31, 2025 levels, which indicates substantial downsizing and near-term disruption.
Management states it cannot yet estimate the costs and charges related to severance and benefits from the workforce reduction, leaving the total financial impact of this restructuring currently undefined.

Large post-merger headcount cut signals significant restructuring costs and change.

Sumisho Air Lease Corporation is implementing a substantial reduction in workforce affecting 64 employees, a 40% cut compared with staffing at December 31, 2025. This follows completion of its merger, indicating a major post-transaction integration and cost-alignment move.

The company notes all impacted staff are eligible for severance and benefit continuation based on tenure, conditioned on signing separation agreements with a general release of claims. This structure is typical but implies one-time restructuring charges alongside ongoing savings from a smaller workforce.

Management states it cannot yet reasonably estimate the costs and will amend the Form 8-K once figures are available. Until those amounts and any related savings are quantified, investors lack visibility into the net financial impact of this restructuring beyond the scale of the 40% headcount reduction.

Item 2.05 — Costs Associated with Exit or Disposal Activities

1 item

Item 2.05 Costs Associated with Exit or Disposal Activities Financial

The company committed to an exit plan involving layoffs, facility closures, or restructuring charges.

Employees affected: 64 employees Workforce reduction percentage: 40% reduction Notification period: April 8–10, 2026 +1 more

4 metrics

Employees affected 64 employees Current workforce reduction plan

Workforce reduction percentage 40% reduction Versus workforce as of December 31, 2025

Notification period April 8–10, 2026 Dates employees were informed of layoffs

Completion window Q2–Q3 2026 Expected completion of workforce reductions

reduction in workforce, severance payments, general release of claims, forward-looking statements, +1 more

5 terms

reduction in workforce financial

"the Company approved a plan to reduce its workforce, currently affecting 64 employees, a 40% reduction in workforce"

severance payments financial

"All employees affected by the reduction in workforce will be eligible to receive, among other things, severance payments based on the applicable employee’s length of service"

Payments made to employees after their job ends, typically as a lump sum or continued pay and benefits for a limited period. Investors watch severance payments because they are a predictable one-time cost or ongoing liability for the company—like an exit fee when someone leaves a club—and sizable payouts can reduce profits, affect cash flow, or signal larger restructuring costs ahead.

general release of claims regulatory

"Each affected employee’s eligibility for severance benefits is contingent upon such employee’s execution of a separation agreement, which includes a general release of claims against the Company"

forward-looking statements regulatory

"This on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

risk factors regulatory

"Important factors that could cause actual results to differ materially from such plans, estimates or expectations include risk factors as detailed from time to time in the Company’s reports"

Risk factors are elements or conditions that could cause an investment's value to decrease or lead to potential losses. They are like warning signs or obstacles that can affect the success of an investment, making it uncertain or more unpredictable. Recognizing risk factors helps investors understand the possible challenges and make more informed decisions.

Understanding 8-K Material Events →

04/14/2026 - 04:04 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

April 8, 2026

Date of Report

(Date of earliest event reported)

SUMISHO AIR LEASE CORPORATION

(Exact name of registrant as specified in its charter)

Delaware

001-35121

27-1840403

(State or other jurisdiction of

incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)


2000 Avenue of the Stars, Suite 1000N
Los Angeles, California		90067
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (310) 553-0555

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A Common Stock*	AL	New York Stock Exchange*
3.700% Medium-Term Notes, Series A, due April 15, 2030	AL30	New York Stock Exchange*

*	On April 8, 2026, the New York Stock Exchange filed a Form 25 with the Securities and Exchange Commission to delist the registrant’s common stock and 3.700% Medium-Term Notes, Series A, due April 15, 2030. The delisting will become effective on April 18, 2026.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.05.

Costs Associated with Exit or Disposal Activities.

In connection with the completion of the previously announced merger (the “Merger”) involving Sumisho Air Lease Corporation (the “Company”) merging with and into Takeoff Merger Sub Inc., a Delaware corporation, with the Company surviving the Merger as an indirect subsidiary of Sumisho Air Lease Corporation Designated Activity Company (formerly known as Gladiatora Designated Activity Company), an Irish private limited company, on April 8, 2026, the Company approved a plan to reduce its workforce, currently affecting 64 employees, a 40% reduction in workforce as compared to December 31, 2025. Impacted employees were notified between April 8, 2026 and April 10, 2026, and workforce reductions related to announced plans are expected to be completed in the second and third quarters of 2026. All employees affected by the reduction in workforce will be eligible to receive, among other things, severance payments based on the applicable employee’s length of service with the Company and the continuation of benefits for a specified time period post-termination. Each affected employee’s eligibility for severance benefits is contingent upon such employee’s execution of a separation agreement, which includes a general release of claims against the Company.

As of the date of this filing, the Company cannot reasonably estimate the costs and charges in connection with these actions. The Company will file an amendment to this Current Report on Form 8-K when such estimates are known.

Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “may,” “will,” “would,” “could,” “should,” “seeks,” “estimates” and variations on these words and similar expressions are intended to identify such forward-looking statements.

All statements, other than historical facts, including statements regarding the expected decrease in headcount, timing of the reduction in workforce, payments and benefits to be provided and any assumptions underlying the foregoing, are forward-looking statements. Such statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. You should not place undue reliance on such statements. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include risk factors as detailed from time to time in the Company’s reports filed with the Securities and Exchange Commission (the “SEC”), including the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, which is available on the SEC’s website (www.sec.gov). In addition, new risks and uncertainties may emerge from time to time, and it is not possible for the Company to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward-looking statements speak only as of the date of this Current Report on Form 8-K. The Company expressly disclaims any obligation to revise or update publicly any forward-looking statement to reflect actual results or events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Source: View Original Filing on SEC EDGAR

Sumisho Air Lease Corporation approved a plan to cut 64 employees, a 40% reduction compared with its workforce on December 31, 2025. This downsizing follows completion of a merger and represents a major restructuring of its staffing levels.

Impacted employees were notified between April 8 and April 10, 2026, and the company expects the workforce reduction to be completed during the second and third quarters of 2026. This timeframe reflects a staged implementation rather than an immediate one-time cut.

All affected employees are eligible for severance payments based on their length of service and continued benefits for a specified time after termination. Eligibility requires signing a separation agreement that includes a general release of claims against the company.

The company states it cannot reasonably estimate the costs and charges associated with the workforce reduction at this time. It plans to file an amendment to the Form 8-K once these severance and related cost estimates are determined.

The company notes that statements about headcount reductions, timing, and payments are forward-looking and subject to risks and uncertainties. It refers investors to risk factors in its Form 10-K for the year ended December 31, 2025 for more detail.

SUMISHO AIR LEASE CORPORATION

Date: April 14, 2026

/s/ Sabrina Lemmens

Sabrina Lemmens

Chief Financial Officer

4 documents