Volato Group Inc.
12/29/2025 | Press release | Distributed by Public on 12/29/2025 05:34
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 22, 2025, the Board of Directors (the "Board") of Volato Group, Inc. (the "Company") elected Alan D. Gaines to the Board, effective as of December 19, 2025. Mr. Gaines was elected as a Class III director to hold office until the Company's 2026 Annual Meeting of Stockholders and until his successor has been duly elected and qualified or until his earlier death, resignation, or removal. The Board appointed Mr. Gaines to be a member of the Audit Committee, the Nominating and Corporate Governance Committee, and the Compensation Committee. The Board appointed Mr. Gaines to serve as Chairman of the Audit Committee.
As an independent director of the Company, Mr. Gaines will be entitled to receive compensation consistent with that of the Company's other independent directors who are not employees of the Company.
There is no arrangement or understanding between Mr. Gaines and any other persons pursuant to which he was elected as a director. Mr. Gaines does not have a direct or indirect material interest in any transaction required to be disclosed by the Company pursuant to Item 404(a) of Regulation S-K.
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