FTAI Aviation Ltd. 8-K Summary: May 24, 2019
Business Context and Reporting Period
This Form 8-K reports on the results of the 2019 Annual Meeting of Shareholders held on May 24, 2019, for Fortress Transportation and Infrastructure Investors LLC (trading as FTAI). The filing details the outcomes of shareholder votes regarding director elections and the ratification of the independent auditor.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
Shareholders voted on two primary matters:
- Director Elections: Two Class I directors were elected to serve until the 2022 Annual Meeting.
- Paul R. Goodwin: 41,396,369 votes for; 5,095,744 votes withheld; 17,207,204 broker non-votes.
- Ray M. Robinson: 41,383,406 votes for; 5,108,707 votes withheld; 17,207,204 broker non-votes.
- Auditor Ratification: Shareholders ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2019.
- Votes For: 63,491,303
- Votes Against: 39,676
- Abstentions: 168,338
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Confirmation that Paul R. Goodwin and Ray M. Robinson were successfully elected as Class I directors.
- Verification that Ernst & Young LLP was ratified as the independent auditor for the 2019 fiscal year.
- Review of the significant number of broker non-votes (17,207,204) regarding the director election, indicating a lack of voting instructions from beneficial owners for these shares.