Company: AIRTP
Filing Date: 2025-08-12
Form Type: 10-K/A
Source: 0000353184-25-000069
Chunk: 3

Company: AIR T INC
Filing Date: 2025-08-12
Form: 10-K/A
Chunk 3
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| Item 9B. |     | Other Information                                                                                            |     |  93 |     |      |
| Item 9C. |     | Disclosure Regarding Foreign Jurisdictions that Prevent Inspections                                          |     |  94 |     |      |
|          |     | PART III                                                                                                     |     |     |     |      |
| Item 10. |     | Directors, Executive Officers and Corporate Governance                                                       |     |  94 |     |      |
| Item 11. |     | Executive Compensation                                                                                       |     |  94 |     |      |
| Item 12. |     | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters               |     |  95 |     |      |
| Item 13. |     | Certain Relationships and Related Transactions, and Director Independence                                    |     |  95 |     |      |
| Item 14. |     | Principal AccountantFees and Services                                                                        |     |  95 |     |      |
|          |     | PART IV                                                                                                      |     |     |     |      |
| Item 15. |     | Exhibits and Financial Statement Schedules                                                                   |     |  95 |     |      |
| Item 16. |     | Form 10-K Summary                                                                                            |     | 108 |     |      |
|          |     | Signatures                                                                                                   |     |     |     |      |
|          |     | Interactive Data Files                                                                                       |     |     |     |      |

<div align='center'>4</div>

# PART I
Item 1. Business

Air T, Inc. (the “Company,” “Air T,” “we” or “us” or “our”) is a holding company with a portfolio of operating businesses and financial assets. Our goal is to prudently and strategically grow Air T’s earnings power, compounding its free-cash-flow per share over time.

We currently operate in four core industry segments:

• Overnight air cargo, which operates in the air express delivery services industry;

• Ground support equipment (formerly known as Ground equipment sales), which manufactures and provides mobile deicers and other specialized equipment products to passenger and cargo airlines, airports, the military and industrial customers;

• Commercial aircraft, engines and parts (formerly known as Commercial jet engines and parts), which manages and leases aviation assets; supplies surplus and aftermarket commercial jet engine components; provides commercial aircraft disassembly/part-out services