Summary by Moomoo AI
Volato Group, Inc., a company listed on the NYSE American LLC under the trading symbols SOAR for its Class A Common Stock and SOAR.WS for its warrants, filed an amendment to its initial Form 8-K with the SEC on July 25, 2024. The amendment pertains to the departure of Keith Rabin, who served as the President of Volato Group. Rabin's resignation was effective on July 19, 2024, the same day he entered into a Separation and Release of Claims Agreement with the company. Under the terms of the agreement, Rabin will receive a cash payment of $89,609.37 in exchange for an effective release of claims in favor of Volato Group. The agreement also includes standard terms and obligations, ensuring Rabin adheres to confidentiality agreements previously established with the company. The employment agreement between Rabin and Volato Group, dated December 1, 2023, was terminated in connection with the separation. Details of the Separation Agreement will be included in the company's upcoming Form 10-Q for the quarter ending September 30, 2024.
