FTAI Aviation Ltd. Files 8-K on Security Holder Votes

TL;DR

FTAI Aviation Ltd. filed an 8-K about shareholder votes on preferred shares.

AI Summary

FTAI Aviation Ltd. filed an 8-K on May 31, 2024, to report matters submitted to a vote of security holders. The filing specifically mentions preferred share series, including Nine50FixedRateResetSeriesDCumulativePerpetualRedeemablePreferredShares, Eight25FixedToFloatingRateSeriesACumulativePerpetualRedeemablePreferredShares, Eight00FixedToFloatingRateSeriesBCumulativePerpetualRedeemablePreferredShares, and Eight25FixedRateResetSeriesCCumulativePerpetualRedeemablePreferredShares, all as of May 29, 2024.

Why It Matters

This filing indicates that important decisions requiring shareholder approval have been made or are being processed by FTAI Aviation Ltd., which could impact the rights and value of various preferred share classes.

Risk Assessment

Risk Level: low — The filing is procedural and reports on matters submitted to a vote, rather than announcing a significant event like an acquisition or financial distress.

Key Players & Entities

• FTAI Aviation Ltd. (company) — Filer of the 8-K report
• Nine50FixedRateResetSeriesDCumulativePerpetualRedeemablePreferredShares (company) — Preferred share series mentioned in the filing
• Eight25FixedToFloatingRateSeriesACumulativePerpetualRedeemablePreferredShares (company) — Preferred share series mentioned in the filing
• Eight00FixedToFloatingRateSeriesBCumulativePerpetualRedeemablePreferredShares (company) — Preferred share series mentioned in the filing
• Eight25FixedRateResetSeriesCCumulativePerpetualRedeemablePreferredShares (company) — Preferred share series mentioned in the filing

FAQ

Key Financial Figures

• $0.01 — h registered : Class A Common shares, $0.01 par value per share FTAI The Nasdaq

Filing Documents

• ef20030381_8k.htm (8-K) — 37KB
• 0001140361-24-028356.txt ( ) — 236KB
• ftai-20240529.xsd (EX-101.SCH) — 5KB
• ftai-20240529_def.xml (EX-101.DEF) — 19KB
• ftai-20240529_lab.xml (EX-101.LAB) — 30KB
• ftai-20240529_pre.xml (EX-101.PRE) — 22KB
• ef20030381_8k_htm.xml (XML) — 11KB

07

Item 5.07. Submission of Matters to a Vote of Security Holders. At the 2024 Annual General Meeting (the "Annual Meeting") held on May 29, 2024, the shareholders of FTAI Aviation Ltd. (the "Company") voted on the matters described below. (1) The Company's shareholders elected one Class II director, who comprise all the directors of such class, to serve until the 2027 Annual General Meeting and until his respective successor is duly elected or appointed and qualified. The numbers of shares that voted for the election of such director, withheld authority to vote for such director, and represented broker non-votes with respect to this proposal are summarized in the table below. Director Nominee Votes For Votes Withheld Broker Non-Votes * A. Andrew Levison 65,370,640 15,543,535 11,116,650 (2) The Company's shareholders ratified the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. The numbers of shares that voted for, against and abstained from voting for or against the ratification of the selection of Ernst & Young LLP are summarized in the table below. Votes For Votes Against Abstentions 91,609,686 395,901 25,238 * Broker non-votes are instances where a broker holding shares of record for a beneficial owner does not vote the shares because it has not received voting instructions from the beneficial owner and therefore is precluded by the rules of The Nasdaq Global Select Market ("Nasdaq") from voting on a particular matter. Under Nasdaq rules, when a broker holding shares in "street name" does not receive voting instructions from a beneficial owner, the broker has discretionary authority to vote on certain routine matters but is prohibited from voting on non-routine matters. Brokers who did not receive instructions were not entitled to vote on the election of directors, but they were entitled to vote on the ratification of the appointment of the independent

View Full Filing

View this 8-K filing on SEC EDGAR