CFO Resigns Immediately; CEO Bonar Takes Over Finance Role at Distressed Premier Air Charter
PREM sits 34% above its 52-week low of $0.015.
Summary
Premier Air Charter's CFO Matt Aune resigned effective October 19, 2026, forfeiting his unvested 1,500,000-share option, and CEO Sandra Bonar was named interim principal financial officer. The departure lands days after the company lost both CJ3 aircraft to lessors and while it carries going-concern doubt.
Key Events · Executive and Board Changes · PREM
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CFO Resigns Effective Immediately
Matt Aune notified the Board on October 19, 2026 of his resignation as CFO and principal financial officer, effective immediately, for personal reasons and without disagreement over operations, policies or practices.
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Unvested Option Forfeited
Aune received no severance or separation payments, and his nonstatutory option to purchase 1,500,000 shares granted June 22, 2026 under the 2025 Omnibus Equity Incentive Plan was unvested and forfeited in full.
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CEO Takes Interim Finance Role
Effective October 20, 2026, CEO Sandra J. Bonar was designated interim principal financial officer and principal accounting officer with no additional compensation; she previously held the finance role before Aune's June 2026 appointment.
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Permanent CFO Search Underway
The company has commenced a search for a permanent Chief Financial Officer, with no timeline disclosed.
Analysis · PREM · Industrial Applications And Services
The CFO quit outright on October 19 with no severance and forfeited his entire 1,500,000-share option, leaving the CEO to run finance and accounting herself while a search for a replacement begins. That is a real loss of financial leadership at a company that already disclosed going-concern doubt, a $16.8M working capital deficit and a $3.6M balloon payment due September 2, 2026, and that lost both CJ3 aircraft to lessors on October 13 after payment defaults. A departing CFO who walks away from unvested equity is not a routine, planned transition, and the interim arrangement concentrates control in a CEO who is also the company's principal stockholder through TIPP Investments LLC.
How filings like this one have moved
In the 30 days to Oct 23, 2026, 29.2% of the 1549 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.17%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PREM was trading at $0.02 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $5.7M. The 52-week trading range was $0.02 to $0.08. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.