ATSG Holds Annual Meeting of Stockholders
May 09 2019 - 12:10PM
Business Wire
Stockholders of Air Transport Services Group, Inc. (NASDAQ:ATSG)
meeting here today re-elected eight directors, ratified the
appointment of the Company’s outside auditors, and considered
several other agenda items.
Directors of the Company re-elected to one-year terms on the
Board were Richard M. Baudouin, Robert K. Coretz, Joseph C. Hete,
Raymond E. Johns, Jr., Laura J. Peterson, Randy D. Rademacher, J.
Christopher Teets, and Jeffrey J. Vorholt.
At the meeting, stockholders also:
- Ratified the selection of Deloitte
& Touche LLP as the independent registered public accounting
firm of the Company for fiscal year 2019;
- Approved on an advisory basis the
compensation of the Company’s named executive officers for
2018;
- Approved an amendment to increase the
number of authorized shares of the Company’s common stock from 110
million to 150 million;
- Approved the issuance of 20 percent or
more of the Company's currently issued and outstanding common stock
pursuant to the exercise of warrants by Amazon.com, Inc.;
- Approved an amendment to give holders
of 20 percent or more of the voting power of the Company's
outstanding voting stock the right to call special meetings of
stockholders; and
- Rejected a shareholder proposal to give
holders of 10 percent of the Company’s outstanding common stock the
right to call special meetings.
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
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/20190509005739/en/
Quint O. Turner, ATSG Inc. Chief Financial
Officer937-366-2303
Air Transport Services (NASDAQ:ATSG)
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