UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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 Officers.
On August 6, 2025, the Board of Directors of AerSale Corporation (the “Company”) approved a modification of the compensation structure for Nicolas Finazzo, the Company’s Chief Executive Officer and Chairman, effective August 6, 2025, to better align his incentive compensation with the long-term performance of the Company’s stock price. This modification includes Mr. Finazzo foregoing any annual incentive cash bonus opportunity commencing with fiscal 2025, which was previously targeted at 100% of his base salary, in consideration of increasing his annual target equity grants from 300% of his current base salary to 600% of his current base salary commencing with his target equity grants for 2025. Such modified target equity grants are apportioned 50% in performance stock units, 25% in restricted stock units, and 25% in stock options and are subject to the terms and conditions as set forth in the AerSale Corporation 2020 Equity Incentive Plan, as amended, and the applicable equity award agreements. Based on this modification, approximately 64% of Mr. Finazzo’s total annual target direct compensation will be dependent upon the Company’s long-term performance.
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.
| AERSALE CORPORATION | |||
| ||||
Date: August 12, 2025 | By: | /s/ Martin Garmendia | ||
| Name: | Martin Garmendia | ||
| Title: | Chief Financial Officer and Treasurer | ||
| ||||
Document and Entity Information |
Aug. 06, 2025 |
|---|---|
| Document and Entity Information [Abstract] | |
| Document Type | 8-K |
| Document Period End Date | Aug. 06, 2025 |
| Entity File Number | 001-38801 |
| Entity Registrant Name | AERSALE CORPORATION |
| Entity Incorporation, State or Country Code | DE |
| Entity Tax Identification Number | 84-3976002 |
| Entity Address, Address Line One | 9850 NW 41st Street |
| Entity Address, Adress Line Two | Suite 400 |
| Entity Address, City or Town | Doral |
| Entity Address, State or Province | FL |
| Entity Address, Postal Zip Code | 33178 |
| City Area Code | 305 |
| Local Phone Number | 764-3200 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Common Stock, par value $0.0001 per share |
| Trading Symbol | ASLE |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |
| Entity Central Index Key | 0001754170 |
| Amendment Flag | false |