On May 7, 2013, AO Partners Fund submitted notice to Air T, Inc. of its intent to nominate Nicholas J. Swenson, Seth G. Barkett, William R. Foudray, Andrew L. Osborne, John M. LaFontsee, Scott A. Ronan, Nicholas P. Zaccagnini, and Ryan P. Buckley as nominees for election as directors at the Company's 2013 annual stockholder meeting.