WILMINGTON, Ohio--(BUSINESS WIRE)--Stockholders of Air Transport Services Group, Inc. (NASDAQ:ATSG) meeting here today re-elected four directors, adopted a new long-term incentive plan, ratified the appointment of the Company’s outside auditors, and ratified the compensation paid to the Company’s named executive officers in 2014.
Following the annual meeting, the Board elected Randy D. Rademacher, 58, Chairman of the Board, succeeding James H. Carey, who retired from the Board upon the completion of his term.
Rademacher is Senior Vice President and Chief Financial Officer of Reading Rock, Inc. a privately owned manufacturer and distributor of concrete products. He has been a director of ATSG since December 2006, serving as chairman of the Nominating and Governance committees and a member of the Audit Committee.
From 1985 to 2005, Rademacher was with Comair Holdings LLC, a regional passenger airline. He was President of Comair Holdings from 1999 to 2005.
At the annual meeting,
- Directors elected to one-year terms on the Board were Joseph C. Hete, 61, Arthur J Lichte, 65, J. Christopher Teets, 42, and Jeffrey J. Vorholt, 62.
- Stockholders adopted a new long-term incentive plan.
- Stockholders ratified the selection of Deliotte & Touche LLP to serve as the Company’s independent registered public accounting firm for fiscal 2015.
- Stockholders approved, on an advisory basis, the compensation paid to the Company’s named executive officers for 2014.
A complete report of the results of the meeting will be filed in a Form 8-K with the Securities and Exchange Commission.
ATSG is a leading provider of aircraft leasing and air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements. ATSG, through its leasing and airline subsidiaries, is the world's largest owner and operator of converted Boeing 767 freighter aircraft. Through its principal subsidiaries, including two airlines with separate and distinct U.S. FAA Part 121 Air Carrier certificates, ATSG provides aircraft leasing, air cargo lift, aircraft maintenance services and airport ground services. ATSG's subsidiaries include ABX Air, Inc.; Airborne Global Solutions, Inc.; Air Transport International, Inc.; Cargo Aircraft Management, Inc.; and Airborne Maintenance and Engineering Services, Inc. For more information, please see www.atsginc.com.