Air T, Inc. (AIRT) Announces CFO Departure

Air T, Inc. (NASDAQ: AIRT) today announced that its Chief Financial Officer, Brian Ochocki, is departing the Company on or about September 3, 2024.

Mr. Ochocki commented, "I made this difficult decision with mixed feelings. Until recently, I had intended to remain with Air T for the remainder of my career. However, I have been given the opportunity to become the CFO of a local company that I have long admired in an industry that I enjoy. It has been a privilege to work with the strong, dedicated team at Air T. I am proud of what we have accomplished together and am confident that the company is well-positioned for continued success."

Nick Swenson, Chairman and CEO of the Company stated, "Brian has been a fantastic contributor to Air T's growth and success. I am personally sad to see him go. We would like to extend our sincere gratitude to Brian for his contributions to Air T over the last 5 years. He has played a crucial role in guiding the Company through the difficult pandemic years, building out the accounting and finance functions, and completing several financing and M&A transactions. Brian is a great CFO. We wish him all the best in his new endeavor."

The Company has initiated a search for a successor who will build on this strong foundation. In the interim, Tracy Kennedy, Chief Accounting Officer, will oversee the financial operations of the Company. Ms. Kennedy has earned increasing levels of responsibility over her six years at Air T.

NOTE REGARDING STAKEHOLDER QUESTIONS

If you have questions related to this release or other Air T matters, please use our interactive Q&A capability, through Slido.com, accessible from our website, to submit your questions. We intend to keep that link open and available for shareholder questions. Questions submitted through Slido will be answered "live" and in writing at our Annual Meeting, and via a written response on a quarterly basis. Note that legal and pragmatic requirements restrict us from answering every question posted, yet we intend to address all reasonable and relevant questions with a written answer.

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