AAR Corp. Appoints New CEO, Reports Corporate Changes
Ticker: AIR · Form: 8-K · Filed: 2024-03-20T00:00:00.000Z
Sentiment: neutral
Topics: leadership-change, executive-compensation, corporate-governance
Related Tickers: AIR
TL;DR
AAR Corp. has a new CEO, John M. Holmes, replacing David P. Storch.
AI Summary
On March 19, 2024, AAR CORP. announced changes to its board of directors and executive compensation. Specifically, John M. Holmes was appointed as the new Chief Executive Officer, succeeding David P. Storch. The company also reported on its financial performance and other corporate actions.
Why It Matters
This filing indicates a significant leadership transition at AAR Corp., which could impact the company's strategic direction and future performance.
Risk Assessment
Risk Level: medium — Leadership changes and executive compensation adjustments can introduce uncertainty and potential shifts in company strategy.
Key Players & Entities
- AAR CORP. (company) — Registrant
- John M. Holmes (person) — Appointed Chief Executive Officer
- David P. Storch (person) — Departing Chief Executive Officer
- March 19, 2024 (date) — Date of Report
FAQ
Who has been appointed as the new Chief Executive Officer of AAR Corp.?
John M. Holmes has been appointed as the new Chief Executive Officer of AAR Corp.
Who did John M. Holmes succeed as CEO?
John M. Holmes succeeded David P. Storch as CEO.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is March 19, 2024.
In which state is AAR Corp. incorporated?
AAR Corp. is incorporated in Delaware.
What is the ticker symbol for AAR Corp. common stock?
The ticker symbol for AAR Corp. common stock is AIR.
From the Filing
0001104659-24-036764.txt : 20240320 0001104659-24-036764.hdr.sgml : 20240320 20240320170241 ACCESSION NUMBER: 0001104659-24-036764 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20240319 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240320 DATE AS OF CHANGE: 20240320 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AAR CORP CENTRAL INDEX KEY: 0000001750 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT & PARTS [3720] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 362334820 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06263 FILM NUMBER: 24768472 BUSINESS ADDRESS: STREET 1: 1100 N WOOD DALE RD CITY: WOOD DALE STATE: IL ZIP: 60191 BUSINESS PHONE: 6302272000 MAIL ADDRESS: STREET 1: 1100 N WOOD DALE RD CITY: WOOD DALE STATE: IL ZIP: 60191 FORMER COMPANY: FORMER CONFORMED NAME: ALLEN AIRCRAFT RADIO INC DATE OF NAME CHANGE: 19700204 8-K 1 tm249269d2_8k.htm FORM 8-K false 0000001750 Common Stock, $1.00 par value AIR 0000001750 2024-03-19 2024-03-19 0000001750 us-gaap:CommonStockMember exch:XCHI 2024-03-19 2024-03-19 0000001750 us-gaap:CommonStockMember exch:XNYS 2024-03-19 2024-03-19 iso4217:USD xbrli:shares iso4217:USD xbrli:shares Common Stock, $1.00 par value   AIR         UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM  8-K   CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): March 19, 2024   AAR CORP. (Exact name of registrant as specified in its charter)   Delaware   1-6263   36-2334820 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   One AAR Place 1100 N. Wood Dale Road Wood Dale , Illinois   60191 (Address of principal executive offices)   (Zip Code)   Registrant’s telephone number, including area code: ( 630 ) 227-2000   Not Applicable (Former name or former address, if changed since last report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of Each Class   Trading Symbol(s)   Name of Each Exchange on Which Registered Common Stock, $1.00 par value   AIR   New York Stock Exchange     Chicago Stock Exchange   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company  ¨   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨             Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of