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ATSG Holds Annual Meeting of Stockholders

·2 mins read

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200507005841/en/

Contacts

W. Joseph Payne, ATSG Inc. Chief Legal Officer & Secretary
937-366-2686