Business Context and Reporting Period
This Form 8-K Current Report is filed by New Horizon Aircraft Ltd. (HOVR), an emerging growth company incorporated in British Columbia. The report covers events occurring on September 2, 2026, and September 4, 2026, regarding changes to the Board of Directors.
Financial Metrics
This filing is a current report regarding corporate governance and does not contain financial statements. Consequently, the filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
- Resignation: Trisha Nomura resigned as a Class I director and from all Board committees (Audit Committee Chair, Compensation Committee, Nominating and Corporate Governance Committee) effective immediately upon the appointment of her successor. The resignation is for personal reasons and is not the result of any disagreement with the Company.
- Appointment: Thomas Hearne was appointed as a Class I director to fill the vacancy. He will serve until the 2027 annual meeting of shareholders.
- Committee Roles: Mr. Hearne was appointed Chair of the Audit Committee and as a member of the Compensation and Nominating and Corporate Governance Committees.
- Qualifications: The Board determined Mr. Hearne is independent under SEC and Nasdaq rules and qualifies as an "audit committee financial expert."
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or discussion of operational risks. It notes that Mr. Hearne will participate in standard director compensation arrangements and has no reportable related party transactions. A press release regarding this transition was issued on September 4, 2026.
Key Facts for Investor Verification
- Verify the independence and financial expertise credentials of the newly appointed director, Thomas Hearne.
- Confirm the effective date of the vacancy fill and the composition of the Audit Committee moving forward.
- Review the attached press release (Exhibit 99.1) for any additional context on the leadership transition.
- Note that this filing does not impact the Company's financial status or operational metrics.