Jet.AI Inc. Reports Director Changes and Officer Compensation
Ticker: JTAI · Form: 8-K · Filed: Dec 29, 2025 · CIK: 1861622
Sentiment: neutral
Topics: director-change, officer-compensation, corporate-governance
TL;DR
Jet.AI board shakeup: Chen out, DeMarco & Ruggles in. Officer pay details also filed.
AI Summary
On December 19, 2025, Jet.AI Inc. filed an 8-K report detailing several key events. The company announced the departure of director David J. Chen and the election of new directors, including Michael J. DeMarco and David L. Ruggles. Additionally, the filing disclosed compensatory arrangements for certain officers and submitted matters to a vote of security holders.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Director departures and new appointments, along with changes in compensatory arrangements, can introduce uncertainty regarding future strategic direction and executive leadership.
Key Players & Entities
- Jet.AI Inc. (company) — Registrant
- David J. Chen (person) — Departing Director
- Michael J. DeMarco (person) — Elected Director
- David L. Ruggles (person) — Elected Director
- Oxbridge Acquisition Corp. (company) — Former Company Name
FAQ
Who has departed from the Jet.AI Inc. board of directors?
David J. Chen has departed from the board of directors of Jet.AI Inc.
Who has been elected as new directors to Jet.AI Inc.'s board?
Michael J. DeMarco and David L. Ruggles have been elected as new directors to Jet.AI Inc.'s board.
What specific items were submitted to a vote of security holders?
The filing indicates that matters were submitted to a vote of security holders, but the specific details of these matters are not enumerated in the provided text.
What is the former name of Jet.AI Inc.?
The former name of Jet.AI Inc. was Oxbridge Acquisition Corp.
When was the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is December 19, 2025.
Filing Stats: 1,592 words · 6 min read · ~5 pages · Grade level 11.1 · Accepted 2025-12-29 17:00:55
Key Financial Figures
- $0.0001 — h registered: Common Stock, par value $0.0001 per share JTAI The Nasdaq Stock Mar
Filing Documents
- form8-k.htm (8-K) — 68KB
- ex10-1.htm (EX-10.1) — 13KB
- 0001493152-25-029413.txt ( ) — 249KB
- jtai-20251219.xsd (EX-101.SCH) — 3KB
- jtai-20251219_lab.xml (EX-101.LAB) — 33KB
- jtai-20251219_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 First Amendment to Amended and Restated 2023 Jet.AI Inc. Omnibus Incentive Plan. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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. JET.AI INC. By: /s/ George Murnane George Murnane Interim Chief Financial Officer December 29, 2025