The company said the ALPA-MEC, the holder of its Class Pilot MEC Junior Preferred Stock, has the right to elect 1 member to its Board at each annual meeting of stockholders, remove that director with or without cause, and fill any vacancies in that directorship.

1. 01

   The company said the ALPA-MEC, the holder of its Class Pilot MEC Junior Preferred Stock, has the right to elect 1 member to its Board at each annual meeting of stockholders, remove that director with or without cause, and fill any vacancies in that directorship.

2. 02

   The company said Captain Garth Thompson, who had held the ALPA-MEC director seat since January 24, 2023, notified it on December 21, 2023 that he would resign from the Board, with the resignation effective February 27, 2024.

3. 03

   The company said the ALPA-MEC designated Captain Anne Worster on January 16, 2024 to fill the vacancy left by Captain Thompson, effective February 27, 2024. It said the Board has not yet assigned her to any committees.

4. 04

   The company said Captain Worster, as a director elected by a class of stock other than common stock, will receive no cash or equity compensation as a director but will receive certain travel and charitable contribution benefits during her term. It also said there were no arrangements or understandings with any other persons regarding her appointment, other than the ALPA-MEC rights, and no related party transactions requiring disclosure under Item 404(a).

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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