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RJET

RJET
17.6202.38%( +0.410 )

LongbridgeAI

Republic Airways appoints Matthew J. Koscal as CEO and director; David Grizzle becomes non-executive chairman

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Jun 17, 2026 at 09:23 PM
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Republic Airways appointed Matthew J. Koscal as President, CEO, and director effective June 15, 2026, succeeding David Grizzle. Grizzle resumed his role as non-executive Chairman of the Board on the same date. Additionally, Joseph P. Allman was promoted to Executive Vice President and CFO, and Paul K. Kinstedt was promoted to Executive Vice President and COO.

Republic Airways appointed Matthew J. Koscal as President and Chief Executive Officer and director effective June 15, 2026, while David Grizzle resumed his role as non-executive Chairman of the Board on that date.

IndividualMatthew J. KoscalDavid GrizzleJoseph P. AllmanPaul K. Kinstedt
RolePresident and Chief Executive Officer; DirectorNon-executive Chairman of the Board; member of Corporate Governance CommitteeChief Financial Officer; promoted to Executive Vice PresidentChief Operating Officer; promoted to Executive Vice President
Type of ChangeAppointedResumed/transitioned to non-executive chairmanPromotedPromoted
Effective DateJune 15, 2026June 15, 2026 (payout actions approved June 11, 2026)June 15, 2026June 15, 2026
ReasonCEO succession plan; Board increased size to sevenCompleted transitional CEO period; resumed independent director statusPromotion (executive vice president)Promotion (executive vice president)
Replacement InfoCommenced role as CEO (succeeds prior CEO role held by Grizzle during transition)Resumed chairman role; not receiving additional director compensation through 2027 meetingNot disclosedNot disclosed
Background DetailsBiographical details included in the Company’s Proxy Statement dated April 9, 2026 (incorporated by reference)Transitional CEO since July 1, 2025; received accelerated payouts and equity and cash (aggregate $3,695,156 and 311,802 shares) in exchange for releaseReceived additional equity award valued at $500,000 (12,557 RSUs and 12,557 PSUs)Received additional equity award valued at $500,000 (12,557 RSUs and 12,557 PSUs)
Board/Committee Role ChangesAppointed as director; will not receive separate board compensation as executive directorRejoined Corporate Governance Committee; will not receive additional director compensation through 2027 meetingNot disclosedNot disclosed

Original SEC Filing: REPUBLIC AIRWAYS HOLDINGS INC. [ RJET ] - 8-K - Jun. 17, 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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Republic Airways

Republic Airways

RJET.US

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