ATSG Holds Annual Meeting of Stockholders
May 12 2016 - 11:52AM
Business Wire
Stockholders of Air Transport Services Group, Inc. (NASDAQ:ATSG)
meeting here today re-elected six directors and approved four other
proposals.
Directors of the Company elected to one-year terms on the Board
were Richard M. Baudouin, 64, Joseph C. Hete, 62, Randy D.
Rademacher, 59, Arthur J. Lichte, 66, J. Christopher Teets, 43, and
Jeffrey J. Vorholt, 63.
At the meeting, shareholders also:
- Ratified the selection of Deloitte
& Touche LLP as the independent registered public accounting
firm of the Company for fiscal year 2016;
- Held an advisory vote on executive
compensation;
- Approved an amendment to the Company’s
Amended and Restated Certificate of Incorporation to increase the
number of authorized shares of the Company’s common stock from
75,000,000 to 85,000,000 (the “Charter Amendment”) ;
- Approved the issuance by the Company of
20 percent or more of the Company’s currently issued and
outstanding common stock in a proposed private placement for
purposes of NASDAQ Listing Rule 5635 (the “Stock Issuance”);
and
- Approved the adjournment of the Annual
Meeting, if necessary, to solicit additional proxies in favor of
the Charter Amendment and Stock Issuance if there were not
sufficient votes for such proposals.
A complete report of the results of the meeting will be filed in
a Form 8-K with the 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
two airlines with separate and distinct U.S. FAA Part 121 Air
Carrier certificates, ATSG provides aircraft leasing, air cargo
lift, aircraft maintenance services and airport ground services.
ATSG's subsidiaries include ABX Air, Inc.; Airborne Global
Solutions, Inc.; Air Transport International, Inc.; Cargo Aircraft
Management, Inc.; and Airborne Maintenance and Engineering
Services, Inc. For more information, please see
www.atsginc.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160512006157/en/
Air Transport Services GroupQuint O. Turner, Chief Financial
Officer, 937-366-2303
Air Transport Services (NASDAQ:ATSG)
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