May 21, 2013
AAR Names General (ret.) Ronald R. Fogleman Lead Director of its Board
WOOD DALE, Illinois — AAR CORP. (NYSE: AIR), announced today that its Board of Directors has named Ronald R. Fogleman as its Lead Director.
Fogleman, a retired U.S. Air Force General and a former member of the U.S. Joint Chiefs of Staff, has served as an AAR director since 2001 and is currently Chairman of the Board’s Nominating and Governance Committee and a member of its Compensation Committee. He also serves as non-executive Chairman of Alliant Techsystems, Inc. (NYSE: ATK).
“Ron has a keen understanding of our Company, its businesses and the aviation industry,” said David P. Storch, AAR’s Chairman and Chief Executive Officer. “As Lead Director, Ron will continue to provide outstanding service to the Company and its stockholders in this vital corporate governance role.”
Fogleman served on the U.S. Joint Chiefs of Staff as a military advisor to the Secretary of Defense, the National Security Council and the President. He also was the 15th Chief of Staff of the Air Force, the senior uniformed officer responsible for the organization, training and equipage of 750,000 active duty, Guard, Reserve and civilian forces. He retired from the Air Force in 1997 after 34 years of active commissioned service.
About AAR
AAR is a global aftermarket solutions company that employs more than 6,000 people in over 20 countries. Based in Wood Dale, Illinois, AAR supports commercial aviation and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include inventory management; parts supply; OEM parts distribution; aircraft maintenance, repair and overhaul; engineering services and component repair. AAR’s Expeditionary Services include airlift operations; mobility systems; and command and control centers in support of military and humanitarian missions. More information can be found at www.aarcorp.com.
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This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, including those factors discussed under Item 1A, entitled “Risk Factors”, included in the Company’s Form 10-K for the fiscal year ended May 31, 2018. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond the Company’s control. The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. For additional information, see the comments included in AAR’s filings with the Securities and Exchange Commission.
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AAR announces proposed add-on offering of $150 million of 6.750% senior notes due 2029
Wood Dale, Illinois — AAR CORP. (“AAR” or the “Company”) (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, announced today that it intends to offer, subject to market conditions and other factors, $150 million aggregate principal amount of 6.750% senior notes due 2029 (the “Additional Notes”). The Additional Notes will be issued as additional notes under an existing indenture dated March 1, 2024, pursuant to which the Company previously issued $550.0 million aggregate principal amount of 6.750% senior notes due 2029 (the “Existing Notes” and together with the Additional Notes, the “Notes”). Other than with respect to the date of issuance and the offering price, the Additional Notes will have the same terms as the Existing Notes.
