Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
As
described in Item 5.07 below, on September 23, 2026, at the 2026 Annual Meeting of Stockholders (the “Annual Meeting”) of
AAR CORP. (the “Company”), the stockholders of the Company approved the AAR CORP. 2026
Stock Plan (referred to as “our new stock plan”), which provides for discretionary grants of stock options, stock awards,
stock unit awards, stock appreciation rights and other stock-based and cash-based awards to employees, non-employee directors and certain
other eligible service providers. Our new stock plan was previously approved by the Company’s Board of Directors and is more fully
described in the related proposal in the Company’s Proxy Statement filed on August 4, 2026.
The
foregoing description of our new stock plan is qualified in its entirety by reference to the full text of our new stock plan, which is
filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 5.07Item 5.07 - Submission of Matters to Vote
Item 5.07. Submission of Matters to a Vote of Security Holders.
On September 23, 2026, the
Company held its Annual Meeting. At the Annual Meeting, 37,391,244 shares of common stock, par value
$1.00 per share, or approximately 93% of the 40,258,840 shares of common stock outstanding and entitled
to vote at the Annual Meeting, were present in person or by proxy. Set forth below are the matters acted upon by the Company’s stockholders
at the Annual Meeting, as such matters are more fully described in the Company’s Proxy Statement filed on August 4, 2026, and the
final voting results on each such matter.
Proposal 1: Election of Directors.
The stockholders elected each
of the Company’s Class III director nominees to the Board of Directors for a three-year term expiring at the 2029 annual meeting
of stockholders, as reflected in the following voting results:
Name of Nominee For Against Abstain Broker
Non-Vote
───────────────────────────────────────────────────────────────────────────────
John W. Dietrich 34,722,656 1,071,178 12,433 1,584,977
Robert F. Leduc 34,715,647 1,078,327 12,293 1,584,977
Peter Pace 33,584,745 2,209,353 12,169 1,584,977
The continuing directors of the Company are Michael
R. Boyce, Jeffrey N. Edwards, John M. Holmes, Ellen M. Lord, Billy J. Nolen, Jennifer L. Vogel, Marc J. Walfish, and Hema Widhani.
Proposal 2: Advisory Proposal to Approve our Fiscal
Year 2026 Executive Compensation.
The stockholders approved
the advisory proposal for our Fiscal Year 2026 executive compensation, as reflected in the following voting results:
For Against Abstain Broker Non-Vote
───────────────────────────────────────────────────────────────
34,285,245 1,475,837 45,185 1,584,977
Proposal 3: Approval of our New Stock Plan.
The stockholders approved
our new stock plan, as reflected in the following voting results:
For Against Abstain Broker Non-Vote
───────────────────────────────────────────────────────────────
33,805,637 1,984,579 16,051 1,584,977
Proposal 4: Ratification of Appointment of Independent
Registered Public Accounting Firm.
The stockholders ratified
the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending May 31, 2027,
as reflected in the following voting results:
For Against Abstain
────────────────────────────────────────
36,470,764 905,880 14,600