Monitor for any changes in executive leadership or compensation that could impact company stability and financial performance.
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Executive Summary
Air T, Inc. entered into a new employment agreement with Tracy Kennedy, who will continue as Chief Financial Officer with a base salary of $331,000 in 2026, increasing to $397,000 by 2028, along with eligibility for quarterly incentive compensation and severance benefits.
Key Facts
- Tracy Kennedy will remain as Chief Financial Officer of Air T, Inc.
- Base salary is $331,000 in 2026, increasing to $360,000 in 2027 and $397,000 in 2028.
- Kennedy is eligible for quarterly incentive compensation based on performance ratings.
- If terminated without cause, Kennedy is entitled to severance pay of 6 to 12 months of base salary.
- The agreement includes non-compete, non-solicitation, and confidentiality clauses.
Financial Impact
Base salary increases from $331,000 to $397,000 over three years with potential quarterly bonuses.
Risk Factors
- Potential for increased compensation costs if incentive targets are met.
- Risk of talent retention issues if similar agreements are not offered to other executives.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000353184-26-000027 |
| Document: airt-20260304.htm | 0000353184-26-000027 |
| Document: 0000353184-26-000027-index-headers.html | 0000353184-26-000027 |
| Document: 0000353184-26-000027-index.html | 0000353184-26-000027 |
| Document: 0000353184-26-000027.txt | 0000353184-26-000027 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 10, 2026 15w ago | 424B5 | $28.40 $30.80 | ▼ −8.45% | ▼ −4.46% | $25.68 (+9.58%) |
Jul 10, 2026 15w ago | DEFA14A | $27.08 $30.21 | ▲ +11.56% | ▲ +8.93% | $25.68 (−5.17%) |
Jun 29, 2026 17w ago | 8-K | $23.61 $31.53 | ▲ +33.55% | ▲ +29.16% | $25.68 (+8.77%) |
Jun 29, 2026 17w ago | 8-K | $23.61 $31.53 | ▲ +33.55% | ▲ +29.16% | $25.68 (+8.77%) |
Jun 16, 2026 18w ago | 8-K | $22.33 $30.69 | ▲ +37.44% | ▲ +34.29% | $25.68 (+15.00%) |
Mar 4, 2026 33w ago | 8-K | $20.90 $22.50 | ▲ +7.66% | ▼ −3.64% | $25.68 (+22.87%) |
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