NICHOLAS SWENSON - Corporate Board Profile

AIR T INC

Filing Date	Source Excerpt
2018-07-18	Nicholas Swenson, age 49, has served as a director of the Company since August 2012 and as Chairman of the Board of Directors since August 2013. In October 2013, Mr. Nick Swenson was appointed as the interim President and Chief Executive Officer of the Company and was appointed as President and Chief Executive Officer of the Company in February 2014. ... The Board believes that Mr. Nick Swenson's position as Chief Executive Officer of the Company provides the Board with unique insight regarding Company-wide issues. ... During the fiscal year ended March 31, 2018, each non-employee director received a director's fee of $1,000 per month and an attendance fee of $500 for each meeting of the Board of Directors or a committee thereof. ... Nicholas Swenson is an employee director and does not receive additional compensation for his service as a director.
2019-07-19	Nicholas Swenson, age 50, has served as a director of the Company since August 2012 and as Chairman of the Board of Directors since August 2013. ... In October 2013, Mr. Nick Swenson was appointed as the interim President and Chief Executive Officer of the Company and was appointed as President and Chief Executive Officer of the Company in February 2014. ... The compensation of Mr. Nick Swenson is, at his request, limited to an annual salary of $50,000. ... The following table sets forth a summary of the compensation paid to them during the two most recent fiscal years. ... Nicholas Swenson Chief Executive Officer 2019 Salary $50,000 ... The Board believes that Mr. Nick Swenson’s position as Chief Executive Officer of the Company provides the Board with unique insight regarding Company-wide issues.
2020-07-20	Nicholas Swenson, age 51, has served as a director of the Company since August 2012 and as Chairman of the Board of Directors since August 2013. In October 2013, Mr. Nick Swenson was appointed as the interim President and Chief Executive Officer of the Company and was appointed as President and Chief Executive Officer of the Company in February 2014. The Board has determined that having the same person serve as Chief Executive Officer and Chairman of the Board is in the best interests of the Company’s stockholders at this time.
2021-07-19	Nicholas Swenson, age 52, has served as a director of the Company since August 2012 and as Chairman of the Board of Directors since August 2013. In October 2013, Mr. Nick Swenson was appointed as the interim President and Chief Executive Officer of the Company and was appointed as President and Chief Executive Officer of the Company in February 2014. ... The compensation of Mr. Nick Swenson is, at his request, limited to an annual salary of $50,000. Mr. Nick Swenson does not participate in any bonus or equity compensation plans and also does not participate in any employee benefit plan. ... SUMMARY COMPENSATION TABLE ... Nicholas Swenson Chief Executive Officer 2021 Salary $50,000 Bonus $250 Total $50,250.
2022-07-05	Nicholas Swenson, age 53, has served as a director of the Company since August 2012 and as Chairman of the Board of Directors since August 2013. In October 2013, Mr. Nick Swenson was appointed as the interim President and Chief Executive Officer of the Company and was appointed as President and Chief Executive Officer of the Company in February 2014. ... The Board of Directors concluded that Mr. Nick Swenson is not independent given his position as Chief Executive Officer and President of the Company. ... The compensation of Mr. Nick Swenson is, at his request, limited to an annual salary of $50,000. Mr. Nick Swenson does not participate in any bonus compensation plans and also does not participate in any employee benefit plan.