AIR T INC 8-K

What Happened
Air T, Inc. (AIRT) filed an 8-K (Item 5.02) disclosing that director Travis Swenson notified the board of his resignation effective March 9, 2026. Mr. Swenson resigned to accept the role of Chief Financial Officer of the Company’s recently acquired regional airline, Regional Express Holdings Limited (“Rex”); his new role with Rex began immediately. He also resigned as Chair of Air T’s Audit Committee.

Key Details

• Resignation date: March 9, 2026; resignation letter filed as an exhibit to the 8-K.
• Reason: To become CFO of Regional Express Holdings Limited (Rex), a business Air T recently acquired.
• Audit Committee change: Lead Independent Director Raymond Cabillot, a current Audit Committee member, became Audit Committee Chair effective immediately.
• The filing states the resignation was not due to any disagreement with Air T’s operations, policies, or practices. The report was signed by Tracy Kennedy, Air T’s Chief Financial Officer, on March 10, 2026.

Why It Matters
A director leaving to take an executive role at a newly acquired subsidiary is relevant to investors because it affects board composition and audit oversight during integration of the acquisition. The immediate appointment of the Lead Independent Director as Audit Committee Chair provides continuity in governance. The company’s statement that the resignation was not due to any disagreement reduces concerns about management conflict, but investors should note the change when evaluating corporate governance and financial oversight going forward.