Current Report Filing (8-k)
August 31 2018 - 12:02PM
Edgar (US Regulatory)
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 31, 2018
Air T, Inc.
(Exact Name of
Registrant as Specified in its Charter)
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Delaware
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001-35476
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52-1206400
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(State or Other Jurisdiction
of Incorporation)
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(Commission File Number)
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(I.R.S. Employer
Identification No.)
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5930 Balsom Ridge Road
Denver, North Carolina
28037
(Address of Principal
Executive Offices)
(Zip Code)
(828)
464-8741
(Registrants Telephone Number, Including Area Code)
Not Applicable
(Former
name or former address, if changed from 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):
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☐
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Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17
CFR
240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4c))
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Indicate
by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2
of the Securities Exchange
Act of 1934
(§240.12b-2
of this chapter).
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 7.01
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Regulation FD Disclosure
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Contrail Aviation Support, LLC (Contrail) a 79%-owned subsidiary of Air T, Inc. (the Company) recently entered into an aircraft sale
agreement to purchase two used Airbus
A319-100
aircraft. The purchase price exceeds $35,000,000. Contrail is in the process of completing financing with respect to the transaction. In connection with the
acquisition, Contrail will assume the lessors interest in each respective aircraft lease. Additional information will be provided at the time the transaction and financing is completed. While the Company believes that these transactions will
occur in the near future, there is no assurance that these transactions will occur.
In accordance with General Instruction B.2 of Form
8-K,
the information included herein shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), nor shall such
information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
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 31, 2018
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AIR T, INC.
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By:
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/s/ Brett Reynolds
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Brett Reynolds, Chief Financial Officer
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