This filing is purely administrative with no new financial or operational information. The stock is no longer publicly traded following the merger close. No trading action is warranted.
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Executive Summary
This is a post-merger 10-K/A amendment filed solely to add Part III items (director/officer info, executive compensation, security ownership, related transactions, and auditor fees) that were omitted from the original 10-K because the company did not intend to file a proxy statement. The amendment confirms the completion of the $65.00-per-share all-cash merger on April 8, 2026, the removal of the prior board and appointment of new directors from Sumitomo Corporation and SMBC Aviation Capital, and the termination without cause of the former CEO, CFO, General Counsel, and other executives. No financial statements were restated, and no material changes were made to the original 10-K disclosures.
Key Facts
- Merger completed April 8, 2026 at $65.00 per share in cash; company now privately held by Sumitomo Corporation (47.5%), Apollo (23.75%), and Brookfield (23.75%)
- Former CEO John Plueger, CFO Gregory Willis, General Counsel Carol Forsyte, and EVPs Grant Levy and John Poerschke were terminated without cause immediately following the merger
- New board and executive team appointed: Noriyuki Hiruta (CEO/President), David Swan (CCO), Sabrina Lemmens (CFO) โ all from Sumitomo/SMBC Aviation Capital
- 2025 annual revenue was $3.016 billion; adjusted net income before income taxes was $718.4 million; company performance factor for bonuses was 141%
- Former CEO Plueger received total 2025 compensation of $9.4 million; former Executive Chairman Udvar-Hazy received $2.58 million (including retirement benefits)
- Audit fees paid to KPMG in 2025 were $1.65 million; total fees $1.83 million
- No restatement of financials; no going concern or auditor change; amendment is purely administrative to add Part III disclosures
Financial Impact
No new financial data; original 10-K financials unchanged. Merger consideration of $65.00/share was previously disclosed.
Risk Factors
- No ongoing public disclosure obligations; limited visibility into post-merger performance
- Sumitomo Corporation has an option to acquire Apollo and Brookfield stakes between years 7-10 post-merger, which could result in a change of control
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 10-K/A Filing (Primary) | 0001193125-26-197721 |
| Document: d147568dex312.htm | 0001193125-26-197721 |
| Document: d147568dex311.htm | 0001193125-26-197721 |
| Document: 0001193125-26-197721-index-headers.html | 0001193125-26-197721 |
| Document: 0001193125-26-197721-index.html | 0001193125-26-197721 |
| Document: 0001193125-26-197721.txt | 0001193125-26-197721 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 10, 2026 7w ago | 8-K | โ | awaiting T+1 | โ | โ |
Apr 30, 2026 22w ago | 10-K/A | โ | awaiting T+1 | โ | โ |
Apr 22, 2026 23w ago | EFFECT | โ | awaiting T+1 | โ | โ |
Apr 17, 2026 24w ago | 8-K | โ | awaiting T+1 | โ | โ |
Apr 14, 2026 24w ago | 8-K | โ | awaiting T+1 | โ | โ |
Apr 8, 2026 25w ago | 8-K | $65.00 $65.00 | ยท 0.00% | โผ โ0.06% | โ |
Apr 8, 2026 25w ago | 25-NSE | $65.00 $65.00 | ยท 0.00% | โผ โ0.57% | โ |
US Market Status
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