AAR Management

Management criteria checks 3/4

AAR's CEO is John Holmes, appointed in Jun 2017, has a tenure of 6.83 years. total yearly compensation is $6.71M, comprised of 14.9% salary and 85.1% bonuses, including company stock and options. directly owns 0.87% of the company’s shares, worth €19.38M. The average tenure of the management team and the board of directors is 4.2 years and 6.9 years respectively.

Key information

John Holmes

Chief executive officer

US$6.7m

Total compensation

CEO salary percentage	14.9%
CEO tenure	6.8yrs
CEO ownership	0.9%
Management average tenure	4.2yrs
Board average tenure	6.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has John Holmes's remuneration changed compared to AAR's earnings?
Date	Total Compensation	Salary	Company Earnings
Feb 29 2024	n/a	n/a	US$60m
Nov 30 2023	n/a	n/a	US$67m
Aug 31 2023	n/a	n/a	US$66m
May 31 2023	US$7m	US$1m	US$89m
Feb 28 2023	n/a	n/a	US$89m
Nov 30 2022	n/a	n/a	US$90m
Aug 31 2022	n/a	n/a	US$89m
May 31 2022	US$12m	US$925k	US$78m
Feb 28 2022	n/a	n/a	US$69m
Nov 30 2021	n/a	n/a	US$77m
Aug 31 2021	n/a	n/a	US$71m
May 31 2021	US$4m	US$781k	US$46m
Feb 28 2021	n/a	n/a	US$17m
Nov 30 2020	n/a	n/a	-US$12m
Aug 31 2020	n/a	n/a	-US$6m
May 31 2020	US$5m	US$801k	US$25m
Feb 29 2020	n/a	n/a	US$66m
Nov 30 2019	n/a	n/a	US$91m
Aug 31 2019	n/a	n/a	US$82m
May 31 2019	US$3m	US$750k	US$84m
Feb 28 2019	n/a	n/a	US$75m
Nov 30 2018	n/a	n/a	US$79m
Aug 31 2018	n/a	n/a	US$81m
May 31 2018	US$4m	US$565k	US$73m
Feb 28 2018	n/a	n/a	US$71m
Nov 30 2017	n/a	n/a	US$55m
Aug 31 2017	n/a	n/a	US$53m
May 31 2017	US$4m	US$464k	US$52m

Compensation vs Market: John's total compensation ($USD6.71M) is above average for companies of similar size in the German market ($USD1.62M).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.

CEO

John Holmes (46 yo)

6.8yrs

Tenure

US$6,709,139

Compensation

Mr. John McClain Holmes III, serves as Independent Director of GATX Corporation since January 2024. He has been the President at AAR Corp. since June 1, 2017 and its Chief Executive Officer since June 1, 2...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
John Holmes	CEO, President & Chairman of the Board	6.8yrs	US$6.71m	0.87% $ 19.4m
Sean Gillen	Senior VP & CFO	5.3yrs	US$2.15m	0.15% $ 3.4m
Eric Pachapa	VP, Controller & Chief Accounting Officer	8.5yrs	US$1.24m	0.086% $ 1.9m
Jessica Garascia	Senior VP	4.2yrs	US$1.66m	0.081% $ 1.8m
Christopher Jessup	Senior VP & Chief Commercial Officer	6.8yrs	US$2.18m	0.15% $ 3.3m
Rahul Ghai	Senior VP and Chief Digital & Technology Officer	no data	no data	no data
Lori Knudson	VP and Chief Ethics & Compliance Officer	2.5yrs	no data	no data
Dylan Wolin	VP of Strategic & Corporate Development and Treasurer	no data	no data	no data
Tracey Patterson	Senior VP & Chief Human Resources Officer	1.2yrs	no data	0.029% $ 635.3k
Terry Stinson	Executive Vice President	no data	US$1.08m	no data
Andrew Schmidt	Senior Vice President of AAR Digital Services & Trax	less than a year	no data	no data
Salvatore Marino	Senior Vice President of Parts Supply	less than a year	no data	no data

4.2yrs

Average Tenure

46yo

Average Age

Experienced Management: ARZ's management team is considered experienced (4.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
John Holmes	CEO, President & Chairman of the Board	6.8yrs	US$6.71m	0.87% $ 19.4m
Marc Walfish	Lead Independent Director	21.3yrs	US$262.55k	0.37% $ 8.1m
Jennifer Vogel	Independent Director	8.3yrs	US$221.15k	0.074% $ 1.7m
Robert Leduc	Independent Director	3.8yrs	US$224.77k	0.038% $ 844.2k
John Dietrich	Independent Director	1.1yrs	US$48.26k	0.0085% $ 189.1k
Michael Boyce	Independent Director	18.7yrs	US$240.91k	0.27% $ 6.1m
Jeffrey Edwards	Director	less than a year	no data	0.0014% $ 31.4k
Peter Pace	Independent Director	13.3yrs	US$221.61k	0.057% $ 1.3m
Anthony Anderson	Independent Director	11.5yrs	US$227.51k	0.037% $ 814.4k
Ellen Lord	Independent Director	3yrs	US$221.61k	0.026% $ 570.1k
Duncan McNabb	Independent Director	7yrs	US$237.75k	0.024% $ 535.6k
Billy Nolen	Director	less than a year	no data	0.0045% $ 99.7k

6.9yrs

Average Tenure

66yo

Average Age

Experienced Board: ARZ's board of directors are considered experienced (6.9 years average tenure).

AAR Management

Management criteria checks 3/4

Key information

Recent management updates

CEO, President & Chairman of the Board recently sold €974k worth of stock

AAR CORP. Appoints Jeffrey N. Edwards to its Board of Directors

AAR Corp. Appoints Billy J. Nolen to the Board’s Aviation Safety and Training Committee

Independent Director recently sold €311k worth of stock

AAR Corp. Appoints Billy Nolen to Its Board of Directors

AAR Corp., Annual General Meeting, Sep 19, 2023

Recent updates

CEO, President & Chairman of the Board recently sold €974k worth of stock

New minor risk - Earnings quality

Third quarter 2024 earnings released: EPS: US$0.40 (vs US$0.63 in 3Q 2023)

AAR CORP. Appoints Jeffrey N. Edwards to its Board of Directors

AAR Corp. to Report Q3, 2024 Results on Mar 21, 2024

AAR Corp. Appoints Billy J. Nolen to the Board’s Aviation Safety and Training Committee

New minor risk - Earnings quality

Second quarter 2024 earnings released: EPS: US$0.68 (vs US$0.65 in 2Q 2023)

New minor risk - Shareholder dilution

AAR Corp. to Report Q2, 2024 Results on Dec 21, 2023

Independent Director recently sold €311k worth of stock

AAR Corp. Appoints Billy Nolen to Its Board of Directors

First quarter 2024 earnings released: US$0.017 loss per share (vs US$0.63 profit in 1Q 2023)

AAR Corp. to Report Q1, 2024 Results on Sep 26, 2023

AAR Corp., Annual General Meeting, Sep 19, 2023

Aar Corp. Announces Sales Guidance for First Quarter of Fiscal Year 2024

Full year 2023 earnings released: EPS: US$2.59 (vs US$2.19 in FY 2022)

Aar Corp. Appoints Andrew Schmidt as Senior Vice President of AAR Digital Services and Trax

AAR Corp. to Report Q4, 2023 Results on Jul 18, 2023

Independent Director recently sold €507k worth of stock

Now 23% undervalued

AAR Corp. Appoints John M. Holmes as Chairman of the Board of Directors

CEO, President & Director recently sold €421k worth of stock

Second quarter 2023 earnings released: EPS: US$0.65 (vs US$0.59 in 2Q 2022)

AAR Corp. to Report Q2, 2023 Results on Dec 20, 2022

Independent Director recently sold €604k worth of stock

Independent Director recently sold €430k worth of stock

AAR Corp. Announces Board Changes

Adani Reportedly in Talks to Acquire Stake in Joint Venture of Indamer Aviation and AAR Corp

Chairman of the Board recently sold €801k worth of stock

First quarter 2023 earnings released: EPS: US$0.63 (vs US$0.32 in 1Q 2022)

AAR Corp. to Report Q1, 2023 Results on Sep 22, 2022

Chairman of the Board recently sold €1.1m worth of stock

AAR Corp., Annual General Meeting, Sep 20, 2022

Full year 2022 earnings released: EPS: US$2.19 (vs US$1.31 in FY 2021)

Aar Corp. Announces Board Changes

AAR Corp. to Report Q4, 2022 Results on Jul 21, 2022

AAR Corp.(NYSE:AIR) dropped from Russell 2000 Dynamic Index

Investor sentiment deteriorated over the past week

Chairman of the Board recently sold €1.2m worth of stock

CEO, President & Director recently sold €550k worth of stock

Independent Director recently sold €81k worth of stock

Second quarter 2022 earnings: EPS in line with expectations, revenues disappoint

AAR Corp. (NYSE:AIR) announces an Equity Buyback for $150 million worth of its shares.

First quarter 2022 earnings released: EPS US$0.32 (vs US$0.40 loss in 1Q 2021)

Full year 2021 earnings released: EPS US$1.31 (vs US$0.71 in FY 2020)

CEO, President & Director recently sold €492k worth of stock

Third quarter 2021 earnings released: EPS US$0.88 (vs US$0.075 in 3Q 2020)

AAR Corp. to Report Q3, 2021 Results on Mar 23, 2021

New 90-day high: €33.60

Independent Director recently sold €84k worth of stock

New 90-day high: €30.20

CEO, President & Director recently sold €991k worth of stock

New 90-day high: €28.60

Second quarter 2021 earnings released: EPS US$0.41

Revenue misses expectations

AAR Extends Its Relationship with Viasat for In-Flight Connectivity Logistics, Repair and Aftermarket Support

AAR awarded a $148M contract to continue C-40 contractor logistics support with Naval Air Systems Command

AAR Corp. to Report Q2, 2021 Results on Dec 17, 2020

New 90-day high: €27.40

Fortress Transportation and Infrastructure Investors LLC Announces Agreement with AAR Corp. for Serviceable Engine Products, a Partnership to Provide CFM56 Engine Material to Global Aviation Aftermarket

Airinmar Signs New Services Agreement with Wizz Air

AAR Corp. Appoints Robert F. Leduc to Board of Directors

AAR Corp. acquired Brown International Corporation.

AAR Corp. to Report Q1, 2021 Results on Sep 24, 2020

AAR Corp Not Provides Financial Guidance for Fiscal Year 2021

AAR Corp. to Report Q4, 2020 Results on Jul 21, 2020

CEO Compensation Analysis

CEO