AAR CORP. (NYSE:AIR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January9, 2018, AAR CORP. (“AAR”) announced that, after 39 years with AAR, David P. Storch will retire as Chief Executive Officer of AAR at the end of AAR’s fiscal year on May31, 2018. Mr.Storch will remain a director of AAR and will become the non-executive Chairman of the Board on June1, 2018.
AAR’s Board of Directors, at its regularly scheduled meeting on January9, 2018, appointed John M. Holmes to succeed Mr.Storch as Chief Executive Officer on June1, 2018. Mr.Holmes is currently AAR’s President and Chief Operating Officer, having served in that capacity since June2017. Mr.Holmes previously served as Chief Operating Officer — Aviation Services from 2015 to 2017, Group Vice President, Aviation Services — Inventory Management and Distribution from 2012 to 2015, and in various other positions since joining AAR in September2001. Mr.Holmes has been a director of AAR since July10, 2017.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
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ExhibitNo. |
Description |
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99.1 |
Press release issued on January10, 2018. |