Willis Lease Finance Corp Announces Board and Executive Changes
Ticker: WLFC · Form: 8-K · Filed: Oct 11, 2024 · CIK: 1018164
| Field | Detail |
|---|---|
| Company | Willis Lease Finance Corp (WLFC) |
| Form Type | 8-K |
| Filed Date | Oct 11, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $663,706 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: WLFC
TL;DR
Board shakeup and exec comp changes at WLFC.
AI Summary
Willis Lease Finance Corp announced on October 8, 2024, changes in its board of directors and executive compensation arrangements. The filing details the departure of a director and the election of a new director, along with updates to the compensatory arrangements for certain officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, or financial priorities, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance and executive compensation updates, which typically carry low inherent risk.
Key Players & Entities
- Willis Lease Finance Corp (company) — Registrant
- October 8, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- Coconut Creek, FL (location) — Principal Executive Offices Address
FAQ
What specific changes were made to the board of directors?
The filing indicates the departure of a director and the election of a new director, though specific names are not detailed in the provided excerpt.
What is the nature of the changes in compensatory arrangements?
The filing states there are updates to the compensatory arrangements of certain officers, but the specifics of these arrangements are not elaborated in the provided text.
When did the reported events occur?
The earliest event reported occurred on October 8, 2024.
What is the company's principal executive office location?
The company's principal executive offices are located at 4700 Lyons Technology Parkway, Coconut Creek, FL 33073.
What is the company's IRS Employer Identification Number?
The company's IRS Employer Identification Number is 68-0070656.
Filing Stats: 1,339 words · 5 min read · ~4 pages · Grade level 13 · Accepted 2024-10-11 17:29:43
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share WLFC Nasdaq Global
- $663,706 — led to an initial annual base salary of $663,706, and establishes his target annual bonu
Filing Documents
- wlfc-20241008.htm (8-K) — 32KB
- 0001018164-24-000075.txt ( ) — 155KB
- wlfc-20241008.xsd (EX-101.SCH) — 2KB
- wlfc-20241008_lab.xml (EX-101.LAB) — 21KB
- wlfc-20241008_pre.xml (EX-101.PRE) — 12KB
- wlfc-20241008_htm.xml (XML) — 3KB
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: October 11, 2024 WILLIS LEASE FINANCE CORPORATION By: /s/ Dean M. Poulakidas Dean M. Poulakidas Executive Vice President and General Counsel 3