Business Context and Reporting Period
This Form 8-K Current Report was filed by flyExclusive, Inc. on August 19, 2026. The report details a change in executive leadership effective August 24, 2026. The Company is an emerging growth company incorporated in Delaware, with its principal executive offices in Kinston, NC.
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 personnel changes and does not contain financial statement data.
Material Changes
- Appointment of Chief Operating Officer: Michael Guina was appointed as Chief Operating Officer, effective August 24, 2026.
- Role Transition: Matthew Lesmeister, the previous Chief Operating Officer, will transition to the role of President of Maintenance, effective August 24, 2026.
- Compensation: No additional compensation is being provided as a result of this transition; existing employment agreements dated September 26, 2024, remain in effect.
Management Commentary and Background
Michael Guina (Age 67): Rejoining the Company in a senior operational role after previously serving as Chief Operating Officer (April 2015) and Chief Commercial Officer (September 2024). His background includes 11 years as Executive Vice President of Delta Private Jets and ten years with Air Partner PLC.
Matthew Lesmeister (Age 38): Joined the Company in May 2024 as Executive Vice President and Chief of Staff, became CFO in June 2024, and was appointed COO in September 2024. Prior experience includes various roles at Fox Factory Holding Corp. since February 2016.
The Company confirmed there are no family relationships between these officers and the Company's directors, and no related party transactions exist.
Investor Verification Checklist
- Verify the effective date of the leadership transition (August 24, 2026).
- Confirm that existing employment agreements remain unchanged regarding compensation.
- Review the Company's recent performance to assess the strategic rationale for reassigning Mr. Guina to COO and Mr. Lesmeister to President of Maintenance.
- Check for any subsequent filings regarding the operational impact of these changes.