---
title: "Volato appoints David Allen to Board; CFO Mark Heinen signs executive employment agreement"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293616355.md"
description: "Volato Group, Inc. appointed David Allen to its Board, assigning him roles as Audit Committee Chair and member of the Nominating, Governance, and Compensation Committees. Concurrently, the company approved an executive employment agreement for CFO Mark Heinen, including a $310,000 base salary and bonus targets. Both actions are effective July 22, 2026."
datetime: "2026-07-23T12:23:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293616355.md)
  - [en](https://longbridge.com/en/news/293616355.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293616355.md)
generator: "portal-rs"
---

# Volato appoints David Allen to Board; CFO Mark Heinen signs executive employment agreement

**Volato appointed David Allen to its Board and committees, and approved an executive employment agreement and bonuses for CFO Mark Heinen.**

Individual

David Allen

Mark Heinen

Role

Director; Audit Committee Chair; member of Nominating and Governance Committee and Compensation Committee

Chief Financial Officer

Type of Change

Appointed to Board and committees

Employment agreement approved / compensation update

Effective Date

July 22, 2026

July 22, 2026

Reason

Board appointment; meets SEC, NYSE American and IRC independence requirements

To maintain executive leadership continuity and support strategic initiatives

Replacement Info

Not disclosed

Not disclosed

Background Details

Meets applicable independence requirements; qualifies to chair Audit Committee

Annual base salary $310,000; annual bonus target 100% of base (max 200%); severance equal to 12 months base; Exhibit 10.1 filed

Board/Committee Role Changes

Chair of Audit Committee; member of Nominating and Governance and Compensation Committees

Not disclosed

Original SEC Filing: Volato Group, Inc. \[ SOAR \] - 8-K - Jul. 23, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**