Volato Group, Inc. 8-K

What Happened Volato Group, Inc. (SOAR) filed an 8-K reporting that its Board elected Alan D. Gaines as a Class III director (election announced Dec 22, 2025; effective as of Dec 19, 2025). Mr. Gaines will serve until the Company’s 2026 Annual Meeting of Stockholders and was appointed to the Audit Committee (as Chair), the Nominating and Corporate Governance Committee, and the Compensation Committee. The filing notes he is an independent director and will receive the same compensation as the Company’s other independent, non-employee directors.

Key Details

• Board action announced Dec 22, 2025; Mr. Gaines’ appointment effective Dec 19, 2025.
• He was elected as a Class III director to hold office until the 2026 Annual Meeting.
• Appointed member of Audit, Nominating & Corporate Governance, and Compensation Committees; named Audit Committee Chair.
• Filing states no arrangements or understandings led to his election and that he has no material related-party transactions under Item 404(a).
• 8-K was signed by CFO Mark Heinen and filed on Dec 29, 2025.

Why It Matters This 8-K reports a governance change: the Board added an independent director and placed him as Audit Committee Chair, which is a key oversight role for financial reporting and controls. Investors should note the new appointment and committee assignments as part of the company’s board composition and governance disclosures. The filing also affirms Mr. Gaines’ independence and the absence of reportable related-party transactions.