Willis Lease Finance Files Routine 8-K; No New Material Events

TL;DR

**WLFC filed a routine 8-K with no new news, just confirming company details.**

AI Summary

Willis Lease Finance Corporation filed an 8-K on February 9, 2024, under the 'Other Events' category. This filing simply confirms the company's basic information, such as its address at 4700 Lyons Technology Parkway, Coconut Creek, FL 33073, its telephone number (561) 349-9989, and its common stock trading on the Nasdaq Global Market under the symbol WLFC. This filing doesn't announce any new material events, but rather serves as a routine update of corporate details, which means there's no immediate impact on shareholders or potential buyers.

Why It Matters

This filing is a standard administrative update, not signaling any new business developments or financial changes. It primarily confirms the company's current contact and trading information.

Risk Assessment

Risk Level: low — This 8-K filing is purely administrative and does not contain any information that would introduce new risks or change the company's operational or financial outlook.

Analyst Insight

Investors should note this 8-K is a standard administrative filing and does not contain any new material information that would warrant immediate action. It simply confirms existing corporate details.

Key Numbers

• $0.01 — par value per share (the stated par value of Willis Lease Finance Corporation's common stock)

Key Players & Entities

• Willis Lease Finance Corporation (company) — the registrant filing the 8-K
• Nasdaq Global Market (company) — the exchange where WLFC's common stock is registered
• WLFC (company) — the trading symbol for Willis Lease Finance Corporation
• February 9, 2024 (date) — date of the earliest event reported and filing date
• 4700 Lyons Technology Parkway (other) — business address of Willis Lease Finance Corporation
• Coconut Creek, FL 33073 (other) — city, state, and zip code of Willis Lease Finance Corporation's business address
• (561) 349-9989 (other) — telephone number of Willis Lease Finance Corporation

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value per share WLFC Nasdaq Global

Filing Documents

• wlfc-20240209.htm (8-K) — 29KB
• 0001018164-24-000005.txt ( ) — 152KB
• wlfc-20240209.xsd (EX-101.SCH) — 2KB
• wlfc-20240209_lab.xml (EX-101.LAB) — 24KB
• wlfc-20240209_pre.xml (EX-101.PRE) — 12KB
• wlfc-20240209_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. On February 9, 2024, Willis Lease Finance Corporation ("WLFC" or the "Company") announced that on January 31, 2024, it detected unauthorized activity on portions of its information technology (IT) systems. An investigation into the nature and scope of the incident was launched with the assistance of leading third-party cybersecurity experts and the Company took steps to contain, assess and remediate the activity, including taking certain systems offline. The Company has not identified any unauthorized activity after February 2, 2024 and, as of the date of this filing, believes it has fully contained the unauthorized activity. The Company continues to operate and service customers, and has implemented workarounds for some of its processes where necessary. The Company, together with its team of cybersecurity experts, is working diligently to respond to and address the issues posed by the incident. The investigation to assess the complete nature, scope and impact of the incident, including what data has been exfiltrated or otherwise impacted, remains ongoing. Law enforcement has been notified of the incident.

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are made based on WLFC's expectations and beliefs concerning future events impacting WLFC and therefore involve several risks, assumptions and uncertainties. Words such as "will," "anticipate," "estimate," "expect," "should" and "may" and other words and terms of similar meaning or use of future dates may be used to identify forward-looking statements, however, the absence of these words or similar expressions does not mean that a statement is not forward-looking. All statements regarding the impact from the cybersecurity incident, the scope of the investigation and the Company's plans, objectives, projections and expectations relating to WLFC's operations or financial condition, and assumptions related thereto are forward-looking statements. Forward-looking statements are not guarantees and actual results could differ materially from those expressed or implied in the forward-looking statements. WLFC undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Potential risks and uncertainties that could cause the actual results of operations or financial condition of WLFC to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: WLFC's ongoing assessment of the impacts of the cybersecurity incident; WLFC's expectations regarding its ability to contain and remediate the cybersecurity incident; further delays in the time required to verify some or all of WLFC's IT systems; the impact of the incident on WLFC's relationships with customers, partners, suppliers and employees;

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 duly authorized officer. Dated: February 9, 2024 WILLIS LEASE FINANCE CORPORATION By: /s/ Scott B. Flaherty Scott B. Flaherty Senior Vice President and Chief Financial Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR