UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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.
Item 5.02(d) Appointment of Director
On March 27, 2023, AerSale Corporation (“AerSale” or the "Company"), promoted Gary Jones from the position of Division President, Airframe and Materials, to the position of Chief Operating Officer while retaining his position as Division President, Airframe and Materials, effective immediately. Mr. Jones is 59 and served as AerSale’s Division President, Airframe and Materials since 2019. From 1999 through 2019, Mr. Jones was President and Chief Executive Officer of Qwest Air Parts, a supplier and distributor of commercial aviation parts that was acquired by AerSale in 2019.
In connection with his promotion, the base salary of Mr. Jones will be increased from $350,000 to $400,000 per annum. In addition, Mr. Jones will continue to participate in the Company’s executive compensation program as set forth in the Form 10K/A file by the Company on March 23, 2023.
There are no arrangements or understandings that exist between Mr. Jones and any other persons pursuant to which he was selected as an officer or his new role. In addition, there are no transactions between Mr. Jones and the Company that would be reportable under Item 404(a) of Regulation S-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Description | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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.
| AERSALE CORPORATION | |
| ||
Date: March 31, 2023 | By: | /s/ James Fry |
| Name: | James Fry |
| Title: | Executive Vice President, General Counsel & Corporate Secretary |