Madison Air Solutions (MAIR) hires David Wisniewski as new Chief Accounting Officer
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Madison Air Solutions Corporation reported a leadership change in its finance organization. Effective June 17, 2026, the Board appointed David M. Wisniewski as Chief Accounting Officer. Former Interim Chief Accounting Officer Michael Kenning will continue as Global Controller.
Wisniewski, age 57, previously served as Chief Accounting Officer at James Hardie Industries and Gates Industrial Corporation. Under his offer letter, he will receive a $355,000 annual base salary, be eligible for an annual incentive award targeted at 50% of base salary, and participate in the long-term incentive program. He is also slated to receive equity appreciation rights units with an approximate grant date value of $700,000, vesting on July 15, 2031, subject to employment commencement and approvals.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Effective date of appointment: June 17, 2026
Age of appointee: 57
Base salary: $355,000 per year
+3 more
6 metrics
Effective date of appointment
June 17, 2026
Start date as Chief Accounting Officer
Age of appointee
57
Age of David M. Wisniewski
Base salary
$355,000 per year
Annual base salary under offer letter
Target annual incentive
50% of base salary
Target bonus opportunity tied to performance goals
Equity award value
$700,000
Aggregate grant date value of equity appreciation rights units
Equity vesting date
July 15, 2031
Scheduled vesting date of equity appreciation rights units
Key Terms
Chief Accounting Officer, Global Controller, equity appreciation rights units, long-term incentive program, +1 more
5 terms
Chief Accounting Officer financial
"appointed David M. Wisniewski to the position of Chief Accounting Officer of the Company"
A chief accounting officer is a senior executive responsible for overseeing a company's financial records and ensuring all accounting practices are accurate and compliant with regulations. They play a key role in preparing financial reports that help investors understand the company's financial health, much like a trusted navigator guiding a ship through complex waters. Their work ensures transparency and trust in the company's financial information.
Global Controller financial
"Michael Kenning will continue in his role as Global Controller"
equity appreciation rights units financial
"will receive an award of equity appreciation rights units having an aggregate grant date value"
A bundle of rights that gives the holder a claim to the increase in a company’s share price over a set period, payable in cash, shares, or a mix of both. Think of it like a ticket that pays out only if the stock goes up: it rewards recipients for generating share-price gains but can dilute existing shareholders if settled in stock or reduce company cash if paid in cash, so investors watch these grants for their impact on ownership and earnings.
long-term incentive program financial
"eligible to participate in the Company’s annual long-term incentive program"
A long-term incentive program is a company plan that pays executives or employees rewards—often stock, options, or cash—only if the business hits performance goals over several years. It matters to investors because these payouts align managers’ interests with shareholders, encouraging decisions that boost sustained growth and share value rather than short-term gains; think of it as a multi-year bonus tied to measurable company outcomes.
FAQ
What leadership change did Madison Air Solutions (MAIR) announce in this 8-K?
Madison Air Solutions appointed David M. Wisniewski as Chief Accounting Officer effective June 17, 2026. Interim Chief Accounting Officer Michael Kenning will continue as Global Controller, providing continuity while Wisniewski assumes responsibility for the company’s accounting and financial reporting functions.
What is the compensation package for Madison Air Solutions’ new Chief Accounting Officer?
David Wisniewski will receive a $355,000 annual base salary and be eligible for an annual incentive award targeted at 50% of base salary. He will also participate in the company’s long-term incentive program, aligning part of his compensation with longer-term performance.
What equity award will David Wisniewski receive from Madison Air Solutions (MAIR)?
Subject to employment commencement and approvals, Wisniewski will receive equity appreciation rights units with an aggregate grant date value of about $700,000. These units are scheduled to vest on July 15, 2031, encouraging long-term retention and alignment with shareholder interests.
What prior experience does Madison Air Solutions’ new Chief Accounting Officer have?
Wisniewski most recently served as Vice President, Global Controller and Chief Accounting Officer at James Hardie Industries from April 2024 to March 2026. Before that, he was Senior Vice President and Chief Accounting Officer at Gates Industrial Corporation from April 2018 to April 2024.
Does David Wisniewski have any family relationships with Madison Air Solutions’ leadership?
The company reports that Wisniewski has no family relationships with any director, executive officer, or person nominated or chosen to become a director or executive officer. This disclosure helps clarify potential conflicts or governance concerns around his appointment.