Saker Aviation Services Appoints New Directors
Ticker: SKAS · Form: 8-K · Filed: Dec 12, 2024 · CIK: 1128281
| Field | Detail |
|---|---|
| Company | Saker Aviation Services, Inc. (SKAS) |
| Form Type | 8-K |
| Filed Date | Dec 12, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $3,000, $93,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, director-appointment, officer-compensation
TL;DR
Saker Aviation adds two Smiths to the board, effective immediately.
AI Summary
Saker Aviation Services, Inc. announced on December 6, 2024, changes in its board of directors and officer appointments. Specifically, the company elected two new directors, Mr. David J. Smith and Mr. Michael J. Smith, to its Board of Directors, effective immediately. The filing also details compensatory arrangements for certain officers, though specific dollar amounts are not provided in this section.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting future performance and investor confidence.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance changes like director appointments and does not appear to involve significant financial transactions or operational disruptions.
Key Players & Entities
- Saker Aviation Services, Inc. (company) — Registrant
- David J. Smith (person) — Newly elected Director
- Michael J. Smith (person) — Newly elected Director
- December 6, 2024 (date) — Date of earliest event reported
FAQ
Who were the new directors elected to Saker Aviation Services' Board?
Mr. David J. Smith and Mr. Michael J. Smith were elected as new directors.
When were the new directors' appointments effective?
The appointments were effective immediately as of December 6, 2024.
What other information is provided regarding company personnel?
The filing also addresses compensatory arrangements for certain officers.
What is the state of incorporation for Saker Aviation Services, Inc.?
Saker Aviation Services, Inc. is incorporated in Nevada.
What is the primary business address of Saker Aviation Services, Inc.?
The primary business address is 20 South Street, Pier 6 East River, New York, NY 10004.
Filing Stats: 645 words · 3 min read · ~2 pages · Grade level 10.9 · Accepted 2024-12-12 11:00:13
Key Financial Figures
- $3,000 — 3, the Company was billed approximately $3,000 and $93,000, respectively, for legal se
- $93,000 — any was billed approximately $3,000 and $93,000, respectively, for legal services provi
Filing Documents
- skas20241212_8k.htm (8-K) — 24KB
- 0001437749-24-037300.txt ( ) — 145KB
- skas-20241206.xsd (EX-101.SCH) — 3KB
- skas-20241206_def.xml (EX-101.DEF) — 10KB
- skas-20241206_lab.xml (EX-101.LAB) — 14KB
- skas-20241206_pre.xml (EX-101.PRE) — 11KB
- skas20241212_8k_htm.xml (XML) — 3KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On December 6, 2024, Samuel Goldstein departed Saker Aviation Services, Inc. (the "Company") where he served as President, Chief Executive Officer, Treasurer, Secretary and Director of the Company. Mr. Goldstein's departure was not due to any disagreements with the Company or any matter relating to the Company's operations, policies or practices. Effective as of December 6, 2024, the Company appointed William Wachtel, age 70, to serve as President, Chief Executive Officer, Treasurer and Secretary of the Company. Mr. Wachtel was elected as a Director and Chairman of the Board of Directors (the "Board") of the Company on March 31, 2005. Mr. Wachtel served as Chairman until April 8, 2009, when he resigned from such capacity but remained a member of the Board. Mr. Wachtel was re-elected as the Chairman of the Board and has served in that capacity since October 27, 2011. Mr. Wachtel has been a managing partner of Wachtel Missry LLP (previously Wachtel & Masyr, LLP, and before that, its predecessor law firm Gold & Wachtel, LLP), since its founding in August 1984. During the fiscal years ended December 31, 2022 and 2023, the Company was billed approximately $3,000 and $93,000, respectively, for legal services provided by Wachtel Missry LLP. Mr. Wachtel is a co-founder of the Drum Major Institute, an organization carrying forth the legacy of the late Reverend Martin Luther King, Jr. There is no arrangement or understanding between Mr. Wachtel and any other person with respect to his appointment, and there are no family relationships between Mr. Wachtel and any other director or executive officer of the Company. Except as described above, the Company is not aware of any transactions with Mr. Wachtel or any of his immediate family members that would require disclosure under Item 404(a) of Regulation S-K.
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. Date: December 12, 2024 SAKER AVIATION SERVICES, INC. By: /s/ William B. Wachtel William B. Wachtel President and Chief Executive Officer