ATSG Holds Annual Meeting of Stockholders

Rhea-AI Summary

Air Transport Services Group (ATSG) held its annual stockholder meeting virtually. Key outcomes included the reelection of nine directors, ratification of Deloitte & Touche LLP as the independent accounting firm for fiscal year 2024, and approval of executive compensation for 2023. Additionally, a proposal related to managing climate risk was rejected. Reelected directors include Phyllis J. Campbell, Jeffrey A. Dominick, 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 after May 23 at www.virtualshareholdermeeting.com/ATSG2024. A complete report will be filed in a Form 8-K with the SEC.

Positive

• Reelection of nine directors ensures continuity in leadership.
• Appointment of Deloitte & Touche LLP as independent accounting firm for FY 2024 is a vote of confidence in the company's financial practices.
• Approval of executive compensation for 2023 reflects stockholder satisfaction with the company's management.

Negative

• Rejection of the proposal on managing climate risk indicates potential shareholder concern about the company's environmental policies.

WILMINGTON, Ohio--(BUSINESS WIRE)-- Stockholders of Air Transport Services Group, Inc. (NASDAQ:ATSG) meeting today on a virtual-only basis have reelected nine directors to the Board of Directors.

During the meeting, stockholders also:

• Ratified the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for fiscal year 2024;
• Approved on an advisory basis the compensation of the Company’s named executive officers for 2023; and
• Rejected a stockholder proposal related to the disclosure of managing climate risk through science-based targets and transition planning.

Directors of the Company reelected to one-year terms on the Board were Phyllis J. Campbell, Jeffrey A. Dominick, 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 Thursday, May 23 at www.virtualshareholdermeeting.com/ATSG2024. 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 Air Transport Services Group

Air Transport Services Group (ATSG) is a premier provider of aircraft leasing and cargo and passenger air transportation solutions for both domestic and international air carriers, as well as companies seeking outsourced airlift services. ATSG is the global leader in freighter aircraft leasing with a fleet that includes Boeing 767, Airbus A321, and Airbus A330 converted freighters. ATSG's unique Lease+Plus aircraft leasing opportunity draws upon a diverse portfolio of subsidiaries including three airlines holding separate and distinct U.S. FAA Part 121 Air Carrier certificates to provide air cargo lift, passenger ACMI and charter services. Complementary services from ATSG's other subsidiaries allow the integration of aircraft maintenance, airport ground services, and material handling equipment engineering and service. ATSG subsidiaries comprise 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.; LGSTX Services, Inc.; and Omni Air International, LLC. For further details, please visit www.atsginc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240522857868/en/

W. Joseph Payne

Chief Legal Officer & Secretary

ATSG Inc.

937-366-2686

Source: Air Transport Services Group, Inc.

FAQ

What were the major outcomes of ATSG's annual stockholder meeting?

ATSG's stockholders reelected nine directors, ratified Deloitte & Touche LLP as the independent accounting firm for FY 2024, and approved executive compensation for 2023. A proposal on managing climate risk was rejected.

Who were the directors reelected at ATSG's annual meeting?

The reelected directors are Phyllis J. Campbell, Jeffrey A. Dominick, Joseph C. Hete, Raymond E. Johns, Jr., Laura J. Peterson, Randy D. Rademacher, J. Christopher Teets, Jeffrey J. Vorholt, and Paul S. Williams.

What firm was ratified as ATSG's independent accounting firm for FY 2024?

Deloitte & Touche LLP was ratified as ATSG's independent accounting firm for fiscal year 2024.

Was the executive compensation for 2023 approved at ATSG's meeting?

Yes, the stockholders approved the executive compensation for 2023.

Was the proposal on managing climate risk approved at ATSG's annual meeting?

No, the stockholders rejected the proposal related to managing climate risk.