8-KThe WireRed Alert
Executive Change
Filed Mar 19, 2025 · 1y ago · Accession 0001104659-25-025564
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗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 18, 2025
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
Certain Officers.
Election of Director
On March 18,
2025, the Board of Directors (the “Board”) of AAR CORP. (the “Company”) increased the size of the Board to
12 members and elected Hema Widhani, 47, as a Class I independent director to fill the vacancy created by the increase,
effective immediately. As of the date hereof, the Board has not determined any committee appointments for Ms. Widhani.
There is no arrangement
or understanding between Ms. Widhani and any other person pursuant to which she was selected as a director. Ms. Widhani
does not have any direct or indirect material interest in any transaction or proposed transaction involving the Company required to be
reported under Item 404(a) of Regulation S-K.
Consistent with the Company’s
current compensation practices for non-employee directors, Ms. Widhani will receive an annualized retainer of $95,000 and an award
of 391 shares of restricted stock, which represents a pro-rata portion of the annual restricted stock award granted to directors on June 1,
2024. The restricted stock will vest on June 1, 2025.
A press release announcing
the election of Ms. Widhani to the Company’s Board is attached to this Current Report on Form 8-K as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
99.1
Press release issued by AAR CORP. on March 19, 2025
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
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 hereunto
duly authorized.
Date: March 19, 2025
AAR CORP.
By:
/s/ Jessica A. Garascia
Jessica A. Garascia
Senior Vice President, General Counsel, Chief Administrative Officer and Secretary
Filing details
- Company
- AAR CORP
- Ticker
- AIR
- CIK
- 1750
- Form type
- 8-K
- Filing date
- Mar 19, 2025
- Report date
- Mar 18, 2025
- Document
- tm259566d1_8k.htm
- Size
- 410 KB