Volato Group Inc. filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
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Transportation Services
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 21, 2025
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As described under Item 5.07 of this Current Report on Form-8-K, at the 2025 Annual Meeting of Stockholders of Volato Group, Inc. (the “Company”) held on July 21, 2025 (the “Annual Meeting”), the stockholders of the Company approved the Volato Group, Inc. 2025 Stock Incentive Plan (the “2025 Stock Incentive Plan”). The Board of Directors of the Company (the “Board”) had previously adopted the 2025 Stock Incentive Plan, subject to approval by the Company’s stockholders.
The 2025 Stock Incentive Plan is described in the Company’s Definitive Proxy Statement on Schedule 14A (the “Proxy Statement”) filed with the U.S. Securities and Exchange Commission on June 6, 2025, and is attached thereto as Appendix A. The full text of the 2025 Stock Incentive Plan is also filed herewith as Exhibit 10.1 and is incorporated herein by reference.
Item 5.07 Submission of Matters to a Vote of Security Holders
The Annual Meeting was held in a virtual-only format on July 21, 2025 at 9:00 a.m., Eastern Time, via live webcast. Proxies were solicited pursuant to the Company’s Proxy Statement. As of May 19, 2025, the record date for the Annual Meeting, the number of shares of common stock outstanding and entitled to vote at the Annual Meeting was 2,077,921. The number of shares of common stock present or represented by valid proxy at the Annual Meeting was 1,060,875, representing approximately 51.05% of the total number of shares of common stock entitled to vote at the Annual Meeting. Each share of common stock was entitled to one vote with respect to matters submitted to the Company’s stockholders at the Annual Meeting.
At the Annual Meeting, the Company’s stockholders were asked to: (i) elect one class II director nominee to the Company's Board to hold office until the Company's 2028 annual meeting of stockholders and until his successor is duly elected and qualified, or until his earlier resignation or removal , (ii) to approve the 2025 Stock Incentive Plan, and (iii) to ratify the selection of Elliott Davis, LLC as the Company's independent registered accounting firm.
The voting results reported below are final.
The following is a summary of the matters voted on at the Special Meeting.
Proposal 1 - Election of Director
Christopher Burger was duly elected to the Company's Board as a Class II director. The results of the election were as follows:
| FOR | WITHHOLD | BROKER NON VOTES | |||||||||||||||
| 561,847 | 9,473 | 489,555 | |||||||||||||||
Proposal 2 - Approve 2025 Stock Incentive Plan
The approval of the 2025 Stock Incentive Plan was ratified. The results of the ratification were as follows:
| FOR | AGAINST | ABSTAIN | BROKER NON VOTES | |||||||||||||||||
| 539,148 | 31,220 | 952 | 489,555 | |||||||||||||||||
Proposal 3 - Ratify the Selection of Independent Registered Public Accounting Firm
The selection of Elliott Davis as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025 was ratified. The results of the ratification were as follows:
| FOR | AGAINST | ABSTAIN | BROKER NON VOTES | |||||||||||||||||
| 1,054,164 | 2,909 | 3,802 | — | |||||||||||||||||
The adjournment proposal described in the Proxy Statement was not presented at the Annual Meeting because there were sufficient votes at the time of the Annual Meeting to approve the adoption of the above proposals.
No other matters were submitted to or voted on by the Company's stockholders at the Annual Meeting.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. | Description | |||||||
Volato Group, Inc. 2025 Stock Incentive Plan. | ||||||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
* Indicates management contract or compensatory plan or arrangement.
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: July 24, 2025
| Volato Group, Inc. | ||||||||
| By: | /s/ Mark Heinen | |||||||
| Name: | Mark Heinen | |||||||
| Title: | Chief Financial Officer | |||||||