Volato appointed David Allen to its Board and committees, and approved an executive employment agreement and bonuses for CFO Mark Heinen.
| IndividualDavid AllenMark Heinen | RoleDirector; Audit Committee Chair; member of Nominating and Governance Committee and Compensation CommitteeChief Financial Officer | Type of ChangeAppointed to Board and committeesEmployment agreement approved / compensation update | Effective DateJuly 22, 2026July 22, 2026 | ReasonBoard appointment; meets SEC, NYSE American and IRC independence requirementsTo maintain executive leadership continuity and support strategic initiatives | Replacement InfoNot disclosedNot disclosed | Background DetailsMeets applicable independence requirements; qualifies to chair Audit CommitteeAnnual base salary $310,000; annual bonus target 100% of base (max 200%); severance equal to 12 months base; Exhibit 10.1 filed | Board/Committee Role ChangesChair of Audit Committee; member of Nominating and Governance and Compensation CommitteesNot disclosed |
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.