AIRT 8K September 30, 2006
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of
Report (Date of earliest event reported)
November 10, 2006
AIR
T,
INC.
(Exact
Name of Registrant as Specified in its Charter)
Delaware
0-11720
52-1206400
(State
or
Other Jurisdiction (Commission
File
Number)
(I.R.S.
Employer
of
Incorporation)
Identification
No.)
3524
Airport Road
Maiden,
North Carolina
28650
(Address
of Principal Executive Offices)
(Zip
Code)
(704)
377-2109
(Registrant’s
Telephone Number, Including Area Code)
|
Not
Applicable
|
|
(Former
name or former address, if changed from last
report)
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Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see
General
Instruction A.2. below):
Written
communication pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4c))
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Item
2.02. Results
of Operations and Financial Condition
On
November 10, 2006, Air T, Inc. (the “Company”). issued a press release
announcing its earnings for the quarter and six months ended September 30,
2006. A copy of such press release is furnished as Exhibit 99.1
hereto.
Item
5.02. Departure
of Directors or Principal Officers; Election of Directors; Appointment of
Principal Officers.
The
Board
of Directors of the Company has appointed John Parry to serve as the Company’s
Vice President-Finance and Chief Financial Officer effective November 14, 2006
in replacement of John J. Gioffre, who is retiring from those positions
effective November 14, 2006 in accordance with his previously announced plans.
The Company incorporates by reference the information included in Item 5.02
of
its Current Report on Form 8-K dated October 10, 2006, which includes certain
biographical information regarding Mr. Parry and a summary of the terms of
his
employment agreement.
Item
8.01 Other.
On
November 10, 2006, the Company announced that its Board of Directors had
authorized the Company to acquire up to $2.0 million of the Company’s common
stock in market transactions and otherwise. The Board of Directors did not
establish a fixed termination date for this authority. The Company may
repurchase shares of its common stock from time to time pursuant to this
authority.
Item
9.01. Financial
Statements and Exhibits.
(c) Exhibits
Exhibit
99.1 Press
release of Air T, Inc. dated November 10, 2006
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Date:
November 10, 2006
AIR
T,
INC.
By: /s/
John J. Gioffre
John
J.
Gioffre, Vice President-Finance and Secretary
Exhibit
Index
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Exhibit
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Description
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Exhibit
99.1
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Press
release of Air T, Inc. dated November 10,
2006
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5