Gogo Inc. Reports Director and Officer Changes
Ticker: GOGO · Form: 8-K · Filed: Dec 3, 2024 · CIK: 1537054
Sentiment: neutral
Topics: corporate-governance, officer-changes, director-changes
TL;DR
Gogo Inc. filed an 8-K detailing changes to its board and executive team effective Nov 26.
AI Summary
Gogo Inc. filed an 8-K on December 3, 2024, reporting changes effective November 26, 2024. The filing pertains to the departure of directors, election of directors, appointment of officers, and compensatory arrangements for certain officers. Specific details regarding the individuals involved and the nature of these changes are outlined within the report.
Why It Matters
Changes in a company's board of directors and executive officers can signal shifts in strategy, governance, or operational focus, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing reports routine corporate governance changes and does not indicate any immediate financial distress or significant operational disruption.
Key Players & Entities
- Gogo Inc. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- Broomfield, CO (location) — Principal executive offices address
FAQ
What specific changes were made regarding directors and officers?
The 8-K filing indicates the departure of directors, election of new directors, and the appointment of certain officers, along with details on compensatory arrangements for these officers.
When were these changes effective?
The earliest event reported in the filing was effective November 26, 2024.
What is the primary purpose of this 8-K filing?
The primary purpose is to report current information regarding significant corporate events, specifically changes in directors and officers, and related compensation.
Where is Gogo Inc. headquartered?
Gogo Inc.'s principal executive offices are located at 105 Edgeview Dr., Suite 300, Broomfield, CO 80021.
What is Gogo Inc.'s IRS Employer Identification Number?
Gogo Inc.'s IRS Employer Identification Number is 27-1650905.
Filing Stats: 3,052 words · 12 min read · ~10 pages · Grade level 13.5 · Accepted 2024-12-02 21:24:03
Key Financial Figures
- $0.0001 — ich registered Common stock, par value $0.0001 per share GOGO NASDAQ Global Select
- $850,000 — s of Messrs. Moore, Cotner and Olson at $850,000; $465,000; and $325,000 respectively, w
- $465,000 — s. Moore, Cotner and Olson at $850,000; $465,000; and $325,000 respectively, which shall
- $325,000 — er and Olson at $850,000; $465,000; and $325,000 respectively, which shall be reviewed f
- $5,000,000 — rant date fair market value of at least $5,000,000, and Messrs. Cotner and Olson will each
- $133,000 — y will reimburse relocation costs up to $133,000 for Mr. Moore and up to $50,000 for Mes
- $50,000 — up to $133,000 for Mr. Moore and up to $50,000 for Messrs. Cotner and Olson, as well a
- $10,000 — ng costs prior to such relocation up to $10,000 per month each. The Employment Agreemen
- $6,000,000 — h individuals with a retention bonus of $6,000,000; $1,500,000; and $4,000,000, respective
- $1,500,000 — s with a retention bonus of $6,000,000; $1,500,000; and $4,000,000, respectively (the " Re
- $4,000,000 — on bonus of $6,000,000; $1,500,000; and $4,000,000, respectively (the " Retention Bonuses
Filing Documents
- d853382d8k.htm (8-K) — 49KB
- 0001193125-24-269183.txt ( ) — 209KB
- gogo-20241126.xsd (EX-101.SCH) — 4KB
- gogo-20241126_def.xml (EX-101.DEF) — 13KB
- gogo-20241126_lab.xml (EX-101.LAB) — 22KB
- gogo-20241126_pre.xml (EX-101.PRE) — 14KB
- d853382d8k_htm.xml (XML) — 5KB
Forward Looking Statements
Forward Looking Statements Certain disclosures in this report include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the Transactions, the Company's business outlook, industry, business strategy, plans, goals and expectations concerning the Company's market position, international expansion, future technologies, future operations, margins, profitability, future efficiencies, capital expenditures, liquidity and capital resources and other financial and operating information. When used in this discussion, the words "anticipate," "assume," "believe," "budget," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "plan," "potential," "predict," "project," "should," "will," "future" and the negative of these or similar terms and phrases are intended to identify forward-looking statements in this report. Forward-looking statements reflect the Company's current expectations regarding future events, results or outcomes. These expectations may or may not be realized. Although the Company believes the expectations reflected in the forward-looking statements are reasonable, the Company can give you no assurance these expectations will prove to have been correct. Some of these expectations may be based upon assumptions, data or judgments that prove to be incorrect. Actual events, results and outcomes may differ materially from the Company's expectations due to a variety of known and unknown risks, uncertainties and other factors. Although it is not possible to identify all of these risks and factors, they include, among others, our ability to effectively evaluate and pursue strategic opportunities. Additional information concerning these and other factors can be found under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the Securities and Exchang
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. By: /s/ Crystal L. Gordon Crystal L. Gordon Executive Vice President, General Counsel, Chief Administrative Officer, and Secretary Date: December 2, 2024