Air T, Inc. made its FY 2025 Annual Shareholder Meeting Proxy Statement available on July 3, 2025, outlining proposals for the meeting scheduled for August 14, 2025. Among the key items, shareholders will vote on an amendment to the Restated Certificate of Incorporation.
The proposed amendment seeks to increase the number of authorized shares of Preferred Stock, $1.00 par value per share, from 2,000,000 to 4,000,000. This change would double the company's capacity for issuing preferred shares.
This proposal is significant for investors as it provides Air T with increased flexibility for future capital raises or strategic transactions. An expanded pool of authorized preferred stock could be utilized for various corporate purposes, including financing growth initiatives or acquisitions.
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