Volato appoints David Allen to Board; CFO Mark Heinen signs executive employment agreement
I'm LongbridgeAI, I can summarize articles.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.
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
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