Current Report Filing (8-k)
May 09 2017 - 10:31AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 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): May 8, 2017
BALTIA
AIR LINES, INC.
(Exact
name of registrant as specified in its charter)
New
York
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001-14519
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11-2989648
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(State
or other Jurisdiction of Incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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804
Willow Run Airport
Ypsilanti,
MI
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48198
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code:
(718) 917-8052
(Former
name or former address, if changed since 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:
☐
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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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-4(c))
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Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers
Appointment
of Daniel J. Buckley as Chief Financial Officer
On
May 8, 2017, Anthony D. Koulouris resigned from his position as Chief Financial Officer of Baltia Air Lines, Inc. (the “Company”),
and the Board of Directors (the “Board”) of the Company appointed Daniel J. Buckley as Chief Financial Officer. Mr.
Koulouris will retain his position as President and Chief Executive Officer of the Company.
Mr.
Buckley, 51, has over 20 years of experience in the financial services industry. From 2015 until 2017, Mr. Buckley was the regional
sales director of Source IT Technologies. From 2011 through 2015, Mr. Buckley was the Director of Finance for Baltia and thus
has extensive institutional knowledge as to the Company’s operations and reporting history. From 1997 to 2003, Mr. Buckley
held various institutional brokerage positions at Cantor Fitzgerald and Tullet Prebon and from 2003 to 2011, Mr. Buckley was a
senior institutional broker at Tradition Financial Services where he focused on foreign exchange options as well as single stock
equity options. From 1994 to 1997, Mr. Buckley was a financial analyst for General Electric Investments in Stamford, Connecticut.
From 1988 to 1992, Mr. Buckley worked as an options trader on the floor of the Chicago Mercantile Exchange. During his university
studies, Mr. Buckley interned with Sikorsky Aircraft in Stratford, Connecticut, where he rotated through the engineering, quality
control and customer service departments. Mr. Buckley received a B.S. in business and finance from the University of Rhode Island
and completed his MBA at SDA Bocconi in Milan, Italy. The Company believes Mr. Buckley’s extensive investment and business
experience as well has his institutional knowledge make him a qualified appointee as Chief Financial Officer.
No
family relationships exist between Mr. Buckley and any of the Company’s other executive officers or directors. There are
no arrangements between Mr. Buckley and any other person pursuant to which Mr. Buckley was nominated as Chief Financial Officer.
There are no transactions to which the Company is or was a participant and in which Mr. Buckley has a material interest subject
to disclosure under Item 404(a) of Regulation S-K. Mr. Buckley is not a party to any material plan or arrangement in connection
with his appointment as Chief Financial Officer.
In
connection with his employment with the Company, Mr. Buckley shall receive a monthly salary of $6,000.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
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Baltia
Air Lines, Inc.
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Date:
May 9, 2017
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By:
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/s/ Anthony
D. Koulouris
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Anthony
D. Koulouris
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President
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