Volato Group Reports Director Changes & Officer Compensation
Ticker: SOARW · Form: 8-K · Filed: Jun 7, 2024 · CIK: 1853070
| Field | Detail |
|---|---|
| Company | Volato Group, Inc. (SOARW) |
| Form Type | 8-K |
| Filed Date | Jun 7, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $11.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-compensation, director-changes
Related Tickers: SOAR
TL;DR
Volato Group (SOAR) filed an 8-K detailing director changes and officer pay. Board shuffle incoming.
AI Summary
Volato Group, Inc. filed an 8-K on June 7, 2024, reporting on the departure of a director, the election of new directors, and compensatory arrangements for certain officers. The filing also includes financial statements and exhibits, and a Regulation FD disclosure. The company, formerly PROOF Acquisition Corp I, is in the air transportation sector.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in directors and officer compensation can indicate internal shifts that may affect future company performance and strategy.
Key Players & Entities
- Volato Group, Inc. (company) — Registrant
- PROOF Acquisition Corp I (company) — Former company name
- June 7, 2024 (date) — Filing date and earliest event date
FAQ
What specific items are being reported in this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, the election of directors, compensatory arrangements of certain officers, Regulation FD disclosure, and financial statements and exhibits.
When was Volato Group, Inc. formerly known as?
Volato Group, Inc. was formerly known as PROOF Acquisition Corp I, with a date of name change on March 24, 2021.
What is Volato Group, Inc.'s Standard Industrial Classification (SIC) code?
Volato Group, Inc.'s SIC code is 4522, categorized under AIR TRANSPORTATION, NONSCHEDULED.
Where is Volato Group, Inc. headquartered?
Volato Group, Inc.'s business and mail address is 1954 AIRPORT ROAD, SUITE 124, CHAMBLEE, GA 30341.
What is the SEC file number for Volato Group, Inc.?
The SEC file number for Volato Group, Inc. is 001-41104.
Filing Stats: 553 words · 2 min read · ~2 pages · Grade level 10.4 · Accepted 2024-06-07 16:16:55
Key Financial Figures
- $11.50 — A common stock at an exercise price of $11.50 SOAR.WS NYSE American LLC Indicate by
Filing Documents
- soar-20240607.htm (8-K) — 28KB
- volatogroupinvestorprese.htm (EX-99.1) — 54KB
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- 0001628280-24-027272.txt ( ) — 5820KB
- soar-20240607.xsd (EX-101.SCH) — 2KB
- soar-20240607_def.xml (EX-101.DEF) — 16KB
- soar-20240607_lab.xml (EX-101.LAB) — 28KB
- soar-20240607_pre.xml (EX-101.PRE) — 16KB
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01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure On June 7, 2024, the Company posted an updated corporate presentation in its Investor Relations section of its corporate website at https://ir.flyvolato.com/news-events/presentations. A copy of the presentation is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Corporate Presentation of Volato Group, Inc., dated June 7, 2024. 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. Date: June 7, 2024 Volato Group, Inc. By: /s/ Mark Heinen Name: Mark Heinen Title: Chief Financial Officer