Summary by Futu AI
Volato Group, Inc., a Delaware-incorporated aviation company, has undergone significant changes to its Board of Directors and corporate structure. On April 23, 2024, Christopher Burger and Fred Colen were elected to the Board, with Burger also chairing the Nominating and Corporate Governance Committee and Colen chairing the Audit Committee. Their appointments followed the immediate resignations of Peter Mirabello, Katherine Arris-Wilson, Dana Born, and Joan Garrett from the Board. Concurrently, the Board approved a reduction in its size from seven to five directors. In addition to these governance changes, Volato Group updated its corporate presentation on its website and issued a press release on April 24, 2024, detailing the Board's restructuring. The company, listed on NYSE American LLC under the symbol SOAR, is an emerging growth company and operates a fleet of Class A Common Stock and Warrants. Volato Group's focus on safety and sustainability is reflected in its high industry safety ratings and commitment to offsetting emissions for all HondaJet flight operations.