0000353184false00003531842023-08-162023-08-210000353184us-gaap:CommonStockMember2023-08-162023-08-210000353184airt:CumulativeCapitalSecuritiesMember2023-08-162023-08-21


______________________________________________________________________________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549  
______________________________________________________________________________
FORM 8-K 
______________________________________________________________________________

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): August 16, 2023
______________________________________________________________________________
AIR T, INC.
(Exact Name of Registrant as Specified in Charter)  
______________________________________________________________________________
Delaware 
001-35476
 
52-1206400
(State or Other Jurisdiction
of Incorporation)
 
(Commission
File Number)
 
(I.R.S. Employer
Identification No.)

11020 David Taylor Drive, Suite 350,
Charlotte, North Carolina 28262
(Address of Principal Executive Offices, and Zip Code)

________________(980) 595-2840__________________
Registrant’s Telephone Number, Including Area Code

5930 Balsom Ridge Road
Denver, North Carolina 28037
(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 (see General Instruction A.2. below):

☐Written communication 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 communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communication 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 classTrading Symbol(s)Name of each exchange on which registered
Common StockAIRTNASDAQ Global Market
Alpha Income Preferred Securities (also referred to as 8% Cumulative Capital Securities) (“AIP”)AIRTPNASDAQ Global Market
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 (see General Instruction A.2. below):
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
☐
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 5.07.     Submission of Matters to a Vote of Security Holders

(a) On August 16, 2023, the Company held its 2023 Annual Meeting of Stockholders. Of the 2,817,754 shares of the Company’s common stock outstanding and entitled to vote, 2,619,417 shares, or 92.96%, were represented at the meeting.

(b) During the annual meeting, the Company's stockholders voted on the following matters:
Proposal 1. Election of Directors
Votes ForVotes WithheldBroker Non-Votes
Raymond E. Cabillot2,148,99923,266447,152
William R. Foudray1,930,912241,353447,152
Gary S. Kohler2,170,7671,498447,152
Peter McClung2,148,99923,266447,152
Nicholas J. Swenson2,171,1601,105447,152
Travis Swenson
Jamie Thingelstad		2,170,935
2,171,160		1,330
1,105		447,152
447,152

Proposal 2. Advisory vote to approve the compensation of the Company's named executive officers.
Votes ForVotes AgainstAbstainBroker Non-Votes
2,165,7296,194342447,152

Proposal 3. Adopt an amendment to the Company’s Certificate of Incorporation to allow for the exculpation of Officers.
Votes ForVotes AgainstAbstainBroker Non-Votes
2,166,5414,6881,036447,152
Proposal 4. Ratify the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for 2024.
Votes ForVotes AgainstAbstain
2,619,17270175









SIGNATURES

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

Date: August 21, 2023

AIR T, INC.


By: /s/ Brian Ochocki
Brian Ochocki, Chief Financial Officer




v3.23.2
Cover
Aug. 21, 2023
Entity Information  
Document Type 8-K
Document Period End Date Aug. 21, 2023
Entity Registrant Name AIR T, INC.
Entity Incorporation, State DE
Entity File Number 001-35476
Entity Tax Identification Number 52-1206400
Entity Address, Street 11020 David Taylor Drive, Suite 350,
Entity Address, City Charlotte
Entity Address, State NC
Entity Address, Postal Zip Code 28262
City Area Code 980
Local Phone Number 595-2840
Written Communications false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Entity Central Index Key 0000353184
Amendment Flag false
Amendment Description
Document Effective Date Aug. 16, 2023
Soliciting Material false
Common Stock  
Entity Information  
Title of 12(b) Security Common Stock
Trading Symbol AIRT
Security Exchange Name NASDAQ
Cumulative Capital Securities  
Entity Information  
Title of 12(b) Security Alpha Income Preferred Securities (also referred to as 8% Cumulative Capital Securities) (“AIP”)
Trading Symbol AIRTP
Security Exchange Name NASDAQ
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