Every material Form 8-K AAR filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
AAR CORP. said Chief Financial Officer Sean M. Gillen will resign effective December 11, 2025, to pursue another opportunity outside the aviation industry, and Vice President of Financial Operations Sarah L. Flanagan will serve as interim CFO. The filing states the departure is not the result of any disagreement with the company, and Gillen will remain an employee through December 19, 2025 to assist the transition.
Sean M. Gillen notified AAR of his resignation on December 1, 2025, effective December 11, 2025
Sarah L. Flanagan, age 54, named Interim CFO effective December 11, 2025; she has been Vice President, Financial Operations, since 2017
Gillen remains an employee through December 19, 2025 to assist with the transition
CEO John M. Holmes said Gillen played a key role in executing the strategy to focus the portfolio on higher growth, higher margin businesses
AAR CORP. reported results for the fiscal 2026 first quarter ended August 31, 2025. Sales rose 12% to $739.6 million, GAAP diluted EPS was $0.95 versus $0.50, and adjusted diluted EPS rose 27% to $1.08. Operating cash flow was negative $44.9 million, compared with negative $18.6 million a year earlier, and net debt was $950.0 million.
Sales of $739.6 million, up from $661.7 million; Parts Supply sales were $317.8 million versus $249.7 million
GAAP net income of $34.4 million, or $0.95 per diluted share, versus $18.0 million, or $0.50, a year earlier
Cash used in operating activities was $44.9 million versus $18.6 million; net debt was $950.0 million and net leverage 2.82x
After the quarter ended, AAR was awarded a Defense Logistics Agency Troop Support contract for up to $85 million
AAR Corp. issued $150 million of additional 6.750% senior notes due 2029 on August 14, 2025, at 102.000% of principal, for a yield to maturity of 6.119%. The notes are treated as a single series with $550 million of existing notes due 2029, and the company plans to use the net proceeds to repay borrowings under its unsecured revolving credit facility and to pay offering fees and expenses.
Issued $150 million aggregate principal on August 14, 2025, at 102.000% of principal, yield to maturity 6.119%
Notes bear 6.750% interest, paid semiannually on March 15 and September 15, starting September 15, 2025, maturing March 15, 2029
Net proceeds to repay outstanding revolving credit facility borrowings and pay offering fees and expenses
AAR CORP. reported fourth-quarter fiscal 2025 results for the quarter ended May 31, 2025, with sales of $755 million, up 15%, and adjusted diluted EPS of $1.16, up 32%. For the full fiscal year, sales rose 20% to $2.8 billion, but GAAP net income fell to $12.5 million, or $0.35 per diluted share, from $46.3 million, or $1.29, after after-tax charges of $115.0 million tied to the Landing Gear Overhaul sale and the FCPA settlement.
Q4 fiscal 2025 sales of $754.5 million, up from $656.5 million; GAAP EPS $0.95 versus $0.26 a year earlier
Full-year adjusted diluted EPS of $3.91, up from $3.33; full-year GAAP EPS $0.35 versus $1.29
Net debt of $880.5 million at May 31, 2025; net leverage of 2.72x, down from 3.76x a year earlier
Share repurchases of $10.1 million in the quarter, with $42.5 million remaining on the program
AAR reported fiscal third-quarter 2025 sales of $678.2 million, up 20% from $567.3 million a year earlier, driven by the Product Support acquisition and Parts Supply. The company posted a GAAP net loss of $8.9 million, or $0.25 per share, because of a $63.7 million pre-tax charge tied to the planned sale of its Landing Gear Overhaul business, while adjusted diluted EPS rose to $0.99 from $0.85. Net debt was $947.6 million at February 28, 2025, and net leverage was 3.06x.
Sales rose 20% to $678.2 million; Repair & Engineering sales increased more than 53%
GAAP net loss of $8.9 million, or $0.25 per share, versus net income of $14.0 million, or $0.39 per diluted share, a year earlier
Adjusted diluted EPS of $0.99 versus $0.85; adjusted EBITDA of $81.2 million, up 39%
Landing Gear Overhaul sale expected to close in the fourth quarter of fiscal 2025 for $51 million
On March 18, 2025, AAR's board increased its size from 11 to 12 members and elected Hema Widhani, 47, as an independent Class I director, effective immediately. The board has not yet assigned her to any committees, and the filing discloses no earnings, guidance, or transaction news.
Hema Widhani, 47, elected March 18, 2025 as a Class I independent director
Board size increased from 11 to 12 members to fill the new seat
Non-employee director pay: $95,000 annualized retainer and 391 restricted shares vesting June 1, 2025
Press release (Exhibit 99.1) dated March 19, 2025 says she previously was Prudential Financial's Chief Digital and Marketing Officer
AAR CORP. said Senior Vice President and Chief Human Resources Officer Tracey Patterson accepted a position outside the company and the aviation industry, and will leave effective January 10, 2025. The company agreed to pay her $300,000 in cash, in place of unvested restricted stock tied to her 2023 hiring, on condition that she sign a release of claims and confidentiality and restrictive covenants.
Tracey Patterson notified AAR CORP. on January 3, 2025 that she accepted another opportunity outside the company and the aviation industry
Departure from her position as Senior Vice President and Chief Human Resources Officer is effective January 10, 2025
AAR CORP. agreed to pay Ms. Patterson $300,000, the approximate value of her unvested time-based restricted stock award, conditioned on a release of claims and covenants including non-disparagement and non-solicitation
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every AAR filing is on SEC EDGAR ↗. 8-K briefs of other companies →