AAR Corp. Files 2024 Proxy Statement

Ticker: AIR · Form: DEF 14A · Filed: 2024-08-06T00:00:00.000Z

Sentiment: neutral

Topics: proxy-statement, executive-compensation, corporate-governance

TL;DR

AAR Corp's proxy statement is out, detailing exec pay and governance for FY24. Vote wisely.

AI Summary

AAR Corp. filed its DEF 14A proxy statement on August 6, 2024, for the fiscal year ending May 31, 2024. The filing details executive compensation, board member information, and other corporate governance matters. Key figures related to stock awards and option awards for the fiscal year are presented, including PEO and Non-PEO values for both vested and unvested awards.

Why It Matters

This filing provides shareholders with crucial information regarding executive compensation and corporate governance, enabling informed voting decisions on proposals presented at the annual meeting.

Risk Assessment

Risk Level: low — This is a routine DEF 14A filing detailing corporate governance and executive compensation, not indicating new or unusual risks.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of a DEF 14A filing?

A DEF 14A filing, also known as a Definitive Proxy Statement, is used to solicit proxies from shareholders and provides detailed information about matters to be voted on at a shareholder meeting, including executive compensation, director elections, and other corporate governance issues.

When was this DEF 14A filing submitted by AAR Corp?

AAR Corp. filed this DEF 14A on August 6, 2024.

What fiscal year does this proxy statement primarily cover?

This proxy statement primarily covers the fiscal year ending on May 31, 2024.

What type of information is typically found in a DEF 14A filing regarding compensation?

DEF 14A filings typically include detailed information on the compensation of the company's named executive officers, including salary, bonuses, stock awards, option awards, and other benefits.

Who is the filer of this DEF 14A document?

The filer of this DEF 14A document is AAR CORP.

From the Filing

0001308179-24-000672.txt : 20240806 0001308179-24-000672.hdr.sgml : 20240806 20240806110126 ACCESSION NUMBER: 0001308179-24-000672 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 143 CONFORMED PERIOD OF REPORT: 20240917 FILED AS OF DATE: 20240806 DATE AS OF CHANGE: 20240806 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: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-06263 FILM NUMBER: 241177845 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 DEF 14A 1 air4338901-def14a.htm DEFINITIVE PROXY STATEMENT AAR Corp. - DEF 14A false 0000001750 DEF 14A 0000001750 2023-06-01 2024-05-31 0000001750 2022-06-01 2023-05-31 0000001750 2021-06-01 2022-05-31 0000001750 2020-06-01 2021-05-31 0000001750 AIR:PEOLessValueOfStockAwardsAndOptionAwardsReportedInSCTMember 2023-06-01 2024-05-31 0000001750 AIR:NonPEOLessValueOfStockAwardsAndOptionAwardsReportedInSCTMember 2023-06-01 2024-05-31 0000001750 AIR:PEOPlusYearEndValueOfAwardsGrantedInFiscalYearThatAreUnvestedAndOutstandingMember 2023-06-01 2024-05-31 0000001750 AIR:NonPEOPlusYearEndValueOfAwardsGrantedInFiscalYearThatAreUnvestedAndOutstandingMember 2023-06-01 2024-05-31 0000001750 AIR:PEOPlusChangeInFairValueOfPriorYearAwardThatAreOutstandingAndUnvestedMember 2023-06-01 2024-05-31 0000001750 AIR:NonPEOPlusChangeInFairValueOfPriorYearAwardThatAreOutstandingAndUnvestedMember 2023-06-01 2024-05-31 0000001750 AIR:PEOPlusChangeInFairValueFromPriorYearEndOfPriorYearAwardsThatVestedThisYearMember 2023-06-01 2024-05-31 0000001750 AIR:NonPEOPlusChangeInFairValueFromPriorYearEndOfPriorYearAwardsThatVestedThisYearMember 2023-06-01 2024-05-31 0000001750 AIR:PEOTotalAdjustmentsMember 2023-06-01 2024-05-31 0000001750 AIR:NonPEOTotalAdjustmentsMember 2023-06-01 2024-05-31 0000001750 1 2023-06-01 2024-05-31 0000001750 2 2023-06-01 2024-05-31 0000001750 3 2023-06-01 2024-05-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) ☑ Filed by the Registrant ☐ Filed by a party other than the Registrant       CHECK THE APPROPRIATE BOX: ☐   Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☑ Definitive Proxy Statement ☐   Definitive Additional Materials ☐ Soliciting Material under §240.14a-12 AAR CORP. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) PAYMENT OF FILING FEE (CHECK ALL BOXES THAT APPLY): ☑   No fee required ☐ Fee paid previously with preliminary materials ☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 Table of Contents Table of Contents AAR CORP. 1100 North Wood Dale Road Wood Dale, Illinois 60191 August 6, 2024       Dear fellow stockholders: AAR began the fiscal year ended May 31, 2024 (“Fiscal 2024”) on course for continued value creation, and I am pleased to report that we delivered. Demand for air travel was strong throughout the year. This demand was supported by an increase in the utilization of existing aircraft, which drove even greater requirements for aftermarket parts and maintenance. Our strategic focus was well timed, and we were able to leverage the depth and breadth of our capabilities to

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