ATSG Holds Annual Meeting of Stockholders

Rhea-AI Summary

Air Transport Services Group (NASDAQ: ATSG) held a virtual stockholder meeting, re-electing ten directors to the Board for one-year terms. Stockholders ratified Deloitte & Touche LLP as the independent auditor for fiscal 2021 and approved the 2020 executive compensation on an advisory basis. A stockholder proposal regarding the right to act by written consent was rejected. The full results will be submitted in a Form 8-K with the SEC, and an audio replay of the meeting will be available after May 28, 2021.

Positive

• Re-election of ten directors ensures continuity and stability in leadership.
• Ratification of Deloitte & Touche as the auditor may enhance investor confidence.

Negative

• Stockholder proposal for written consent rights rejected, indicating potential governance concerns.

Stockholders of Air Transport Services Group, Inc. (NASDAQ:ATSG) meeting yesterday on a virtual-only basis have re-elected ten directors to the Board of Directors.

During the meeting, stockholders also:

• Ratified the selection of Deloitte & Touche LLP as the independent registered public accounting firm of the Company for fiscal year 2021;
• Approved on an advisory basis the compensation of the Company’s named executive officers for 2020.
• Rejected a stockholder proposal related to the right to act by written consent.

Directors of the Company re-elected to one-year terms on the Board were Richard M. Baudouin, Phyllis J. Campbell, Richard F. Corrado, Joseph C. Hete, Raymond E. Johns, Jr., Laura J. Peterson, Randy D. Rademacher, J. Christopher Teets, Jeffrey J. Vorholt, and Paul S. Williams.

An audio replay of the meeting will be available to stockholders after Friday, May 28 at www.virtualshareholdermeeting.com/ATSG2021. ATSG will file a complete report of the results of the meeting in a Form 8-K with the U.S. Securities and Exchange Commission.

About ATSG

ATSG is a leading provider of aircraft leasing and air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements. ATSG, through its leasing and airline subsidiaries, is the world’s largest owner and operator of converted Boeing 767 freighter aircraft. Through its principal subsidiaries, including three airlines with separate and distinct U.S. FAA Part 121 Air Carrier certificates, ATSG provides aircraft leasing, air cargo lift, passenger ACMI and charter services, aircraft maintenance services and airport ground services. ATSG’s subsidiaries include ABX Air, Inc.; Airborne Global Solutions, Inc.; Airborne Maintenance and Engineering Services, Inc., including its subsidiary, Pemco World Air Services, Inc.; Air Transport International, Inc.; Cargo Aircraft Management, Inc.; and Omni Air International, LLC. For more information, please see www.atsginc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210527005902/en/

FAQ

What decisions were made at ATSG's recent stockholder meeting?

At ATSG's stockholder meeting, ten directors were re-elected, Deloitte & Touche LLP was ratified as the auditor, executive compensation for 2020 was approved, and a proposal for written consent was rejected.

Who were the directors re-elected at ATSG's stockholder meeting?

The re-elected directors at ATSG include Richard M. Baudouin, Phyllis J. Campbell, Richard F. Corrado, Joseph C. Hete, Raymond E. Johns, Jr., Laura J. Peterson, Randy D. Rademacher, J. Christopher Teets, Jeffrey J. Vorholt, and Paul S. Williams.

When will the audio replay of ATSG's stockholder meeting be available?

The audio replay of ATSG's stockholder meeting will be available to stockholders after May 28, 2021.

What was the outcome of the stockholder proposal at ATSG's meeting?

The stockholder proposal regarding the right to act by written consent was rejected at ATSG's stockholder meeting.