ATSG Holds Annual Meeting of Stockholders

WILMINGTON, Ohio--()--Stockholders of Air Transport Services Group, Inc. (NASDAQ:ATSG) meeting here today re-elected six directors and approved four other proposals.

Directors of the Company elected to one-year terms on the Board were Richard M. Baudouin, 64, Joseph C. Hete, 62, Randy D. Rademacher, 59, Arthur J. Lichte, 66, J. Christopher Teets, 43, and Jeffrey J. Vorholt, 63.

At the meeting, shareholders also:

  • Ratified the selection of Deloitte & Touche LLP as the independent registered public accounting firm of the Company for fiscal year 2016;
  • Held an advisory vote on executive compensation;
  • Approved an amendment to the Company’s Amended and Restated Certificate of Incorporation to increase the number of authorized shares of the Company’s common stock from 75,000,000 to 85,000,000 (the “Charter Amendment”) ;
  • Approved the issuance by the Company of 20 percent or more of the Company’s currently issued and outstanding common stock in a proposed private placement for purposes of NASDAQ Listing Rule 5635 (the “Stock Issuance”); and
  • Approved the adjournment of the Annual Meeting, if necessary, to solicit additional proxies in favor of the Charter Amendment and Stock Issuance if there were not sufficient votes for such proposals.

A complete report of the results of the meeting will be filed in a Form 8-K with the Securities and Exchange Commission.

About ATSG

ATSG is a leading provider of aircraft leasing and air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements. ATSG, through its leasing and airline subsidiaries, is the world's largest owner and operator of converted Boeing 767 freighter aircraft. Through its principal subsidiaries, including two airlines with separate and distinct U.S. FAA Part 121 Air Carrier certificates, ATSG provides aircraft leasing, air cargo lift, aircraft maintenance services and airport ground services. ATSG's subsidiaries include ABX Air, Inc.; Airborne Global Solutions, Inc.; Air Transport International, Inc.; Cargo Aircraft Management, Inc.; and Airborne Maintenance and Engineering Services, Inc. For more information, please see www.atsginc.com.

Contacts

Air Transport Services Group
Quint O. Turner, Chief Financial Officer, 937-366-2303

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