UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 17, 2024
VOLATO GROUP, INC.
(Exact name of registrant as specified in its charter)
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Delaware
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001-41104
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86-2707040
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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1954 Airport Road, Suite 124
Chamblee,
GA 30341
(Address of principal executive offices) (zip code)
844-399-8998
Registrant’s telephone number, including area code
(former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Class A Common Stock
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Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50
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SOAR.WS
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NYSE American LLC
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this
chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new
or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 5.02. |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officer.
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On March 17, 2024, Joan Sullivan Garrett notified the Board of Directors (the “Board”) of Volato Group, Inc. (the “Company”) of her intention to resign as a
director of the Board. Ms. Garrett’s resignation is not the result of any dispute or disagreement with the Company or the Company’s Board on any matter relating to the operations, policies, or practices of the Company. The effective date of Ms.
Garrett’s resignation will be no later than July 1, 2024 and will be determined following further discussions between Ms. Garrett and the Board. In addition, Ms. Garrett notified the Board of her intention to step down as Chair of the Board,
effective no later than March 28, 2024.
The Board and Company management express their deep appreciation to Ms. Garrett for her dedicated service and significant contributions.
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.
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Date: March 21, 2024
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Volato Group, Inc.
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By:
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/s/ Mark Heinen
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Name:
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Mark Heinen
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Title:
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Chief Financial Officer
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