8-KShareholder Matters

FTAI Aviation Ltd. 8-K Report, Shareholder Vote Results (Jun 3, 2021)

Filed June 3, 2021For Securities:FTAIFTAIMFTAIN

Summary

FTAI Aviation Ltd. (FTAI) filed an 8-K on June 3, 2021, reporting the outcomes of its 2021 Annual Meeting of Shareholders. The primary focus of the filing is the shareholder votes on the election of Class III directors and the ratification of the independent registered public accounting firm. Investors can take comfort in the overwhelming support for both proposals, indicating shareholder confidence in the current board and the company's auditing firm.

Key Highlights

  • 1Shareholders elected two Class III directors to serve until the 2024 Annual Meeting of Shareholders.
  • 2A. Andrew Levison was elected as a Class III director with significant shareholder support (34,244,238 votes for).
  • 3Kenneth J. Nicholson was also elected as a Class III director with strong shareholder backing (38,556,209 votes for).
  • 4The appointment of Ernst & Young LLP as the independent registered public accounting firm for fiscal year 2021 was ratified.
  • 5The ratification of Ernst & Young LLP received overwhelming shareholder approval with 60,634,363 votes for.
  • 6Broker non-votes were noted for the director election, which is customary for non-routine matters under NYSE rules.
  • 7Abstentions on the ratification of the auditor were minimal (12,303), further emphasizing strong shareholder agreement.

Frequently Asked Questions

The 2021 Annual Meeting saw shareholders elect two Class III directors, A. Andrew Levison and Kenneth J. Nicholson, and ratify the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for fiscal year 2021.

Both director nominees received substantial 'Votes For' approvals. A. Andrew Levison received 34,244,238 votes for, and Kenneth J. Nicholson received 38,556,209 votes for. The 'Votes Withheld' were significantly lower, indicating strong shareholder confidence in their election.

No, the appointment of Ernst & Young LLP was overwhelmingly ratified by shareholders, with 60,634,363 votes in favor and only 116,975 votes against. Abstentions were also very low.

Broker non-votes occur when a broker holds shares in 'street name' for a beneficial owner but has not received voting instructions and is therefore precluded from voting on non-routine matters, such as director elections, under NYSE rules. They are reported to provide a complete picture of the voting landscape.