ATSG Holds Annual Meeting of Stockholders
May 07 2020 - 1:09PM
Business Wire
Hete Elected Board Chairman, Corrado Becomes
CEO
Stockholders of Air Transport Services Group, Inc. (NASDAQ:ATSG)
meeting today on a virtual-only basis have re-elected seven
directors and elected one new director nominee to the Board of
Directors.
During the meeting, stockholders also:
- Ratified the selection of Deloitte & Touche LLP as the
independent registered public accounting firm of the Company for
fiscal year 2020;
- Approved on an advisory basis the compensation of the Company’s
named executive officers for 2019.
Directors of the Company re-elected to one-year terms on the
Board were Richard M. Baudouin, Joseph C. Hete, Raymond E. Johns,
Jr., Laura J. Peterson, Randy D. Rademacher, J. Christopher Teets,
and Jeffrey J. Vorholt. In addition, stockholders elected Richard
F. Corrado, President of ATSG, to the Board.
Directors meeting today elected Hete as Chairman of the Board,
replacing Rademacher, who was elected Independent Lead Director of
the Board. Effective as of the end of the annual meeting, Corrado
was also elected Chief Executive Officer of ATSG, succeeding Hete
upon his retirement from that position.
An audio replay of the meeting will be available to stockholders
via the Internet at www.virtualshareholdermeeting.com/ATSG2020
beginning after noon on May 8, 2020. ATSG will file a complete
report of the results of the meeting in a Form 8-K with the U.S.
Securities and Exchange Commission.
About ATSG
ATSG is a leading provider of aircraft leasing and air cargo
transportation and related services to domestic and foreign air
carriers and other companies that outsource their air cargo lift
requirements. ATSG, through its leasing and airline subsidiaries,
is the world's largest owner and operator of converted Boeing 767
freighter aircraft. Through its principal subsidiaries, including
three airlines with separate and distinct U.S. FAA Part 121 Air
Carrier certificates, ATSG provides aircraft leasing, air cargo
lift, passenger ACMI and charter services, aircraft maintenance
services and airport ground services. ATSG's subsidiaries include
ABX Air, Inc.; Airborne Global Solutions, Inc.; Airborne
Maintenance and Engineering Services, Inc., including its
subsidiary, Pemco World Air Services, Inc.; Air Transport
International, Inc.; Cargo Aircraft Management, Inc.; and Omni Air
International, LLC. For more information, please see
www.atsginc.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200507005841/en/
W. Joseph Payne, ATSG Inc. Chief Legal Officer & Secretary
937-366-2686
Air Transport Services (NASDAQ:ATSG)
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