Kitty Hawk (AMEX:KHK)
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Kitty Hawk, Inc. (AMEX:KHK), the parent company of Kitty
Hawk Cargo, Kitty Hawk Ground and Kitty Hawk Aircargo, announced today
a number of changes in management, including the promotions of Steven
Markhoff and Randy Smith. Mr. Markhoff has been appointed Senior Vice
President and Chief Operating Officer of Kitty Hawk Cargo, Inc. and
Mr. Smith has been appointed Vice President, Chief Human Resource
Officer of Kitty Hawk, Inc.
"With the recent creation of Kitty Hawk Ground, the previously
announced acquisition of ACT's assets and customer list expected to
close this quarter, and our plans to enhance our information
technology infrastructure, we have executed a series of organizational
and staff changes to properly allocate critical executive and senior
leadership talent toward enhanced customer service, more direct
customer contact and improved performance," said Robert W. Zoller,
President and CEO.
Mr. Markhoff, 39, will lead the sales, customer service,
scheduling and network operations as well as the planned IT
enhancements within Kitty Hawk Cargo. Mr. Markhoff joined Kitty Hawk
in July 2003 and has served as its Vice President for Strategic
Planning, General Counsel and Corporate Secretary. During his tenure
with the Company, Mr. Markhoff was responsible for strategic planning,
all legal matters, team resources, the acquisition and integration of
the Boeing 737-300SF aircraft and was part of the senior leadership
team implementing the Company's scheduled airport-to-airport expedited
ground network. Most recently, Mr. Markhoff coordinated activities
related to the company's acquisition of the assets of Air Container
Transport, Inc. which is expected to close this quarter. Mr. Markhoff
will continue to report to Mr. Zoller.
Mr. Smith, 55, joined Kitty Hawk in January 2006 as Managing
Director, Team Resources, reporting to Mr. Markhoff. Prior to Kitty
Hawk, Smith served for eight years in several executive roles at
CompUSA, most recently as vice president of human resources. Prior to
CompUSA, Mr. Smith held various human resources and labor relations
positions with companies in Texas, Illinois and Wisconsin. With
expanded responsibilities for human resources across Kitty Hawk, Inc.
and its three subsidiaries, Mr. Smith will report to Mr. Zoller.
To enhance Kitty Hawk Cargo's contact and communication with its
expanding base of customers, Toby Skaar will serve in the new position
of Vice President, Sales. In this role, Mr. Skaar will coordinate
marketing, sales and promotional activities for Kitty Hawk Cargo and
will report to Mr. Markhoff. He was previously vice president and
chief operating officer of Kitty Hawk Cargo.
"Kitty Hawk is very fortunate to have talented and experienced
executives who can grow and take on new responsibilities as we
continue to expand our business," added Mr. Zoller. "Steve, Randy and
Toby have been key to our success so far, and we look forward to their
ongoing contribution."
About Kitty Hawk, Inc.
www.kittyhawkcompanies.com
As a recognized leader in customer service, Kitty Hawk is the
premier provider of guaranteed, mission-critical, scheduled overnight
air and beginning October 31, 2005 of scheduled time-definite
coast-to-coast less-than-truckload (LTL) ground freight transportation
to major business centers and surrounding communities throughout North
America, including, Alaska, Hawaii, Toronto, Canada, and San Juan,
Puerto Rico.
With more than 30 years experience in the aviation and air freight
industries, Kitty Hawk plays a key connecting role in the global
supply chain. Kitty Hawk serves the logistics needs of more than 550
freight forwarders, integrated carriers, logistics companies and major
airlines with its extensive integrated air and ground network, fleet
of Boeing 737-300SF and 727-200 cargo aircraft, as well as a 239,000
square-foot cargo warehouse, U.S. Customs clearance and sort facility
at its Fort Wayne, Indiana hub. In 2005, Kitty Hawk became the North
American launch customer for the fuel-efficient and
environmentally-friendly Boeing 737-300SF aircraft. Kitty Hawk's air
and ground cargo networks and award-winning, guaranteed overnight
time-definite service are ideal for heavy-weight shipments (over 150
lbs), special goods with unique dimensions, perishables, animals and
other valuable shipments.
Statement under the Private Securities Litigation Reform Act:
This report may contain forward-looking statements that are
intended to be subject to the safe harbor protection provided by
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These statements relate to future
events or future financial and operating performance and involve known
and unknown risks and uncertainties that may cause actual results or
performance to be materially different from those indicated by any
forward-looking statements. In some cases, you can identify
forward-looking statements by terminology such as "forecast," "may,"
"will," "could," "should," "expect," "intends," "plan," "believe,"
"potential" or other similar words indicating future events or
contingencies. Some of the things that could cause actual results to
differ from expectations are: economic conditions; the impact of high
fuel prices; our inability to successfully implement and operate our
expanded ground network; our inability to close on the acquisition of
ACT's assets and successfully integrate their operations; failure of
key suppliers and vendors to perform; our inability to attract
sufficient customers at economical prices for our expanded ground
network; unforeseen increases in liquidity and working capital
requirements related to our expanded ground network; potential
competitive responses from other operators of coast-to-coast less than
truckload networks; the continued impact of terrorist attacks, global
instability and potential U.S. military involvement; the Company's
significant lease obligations and indebtedness; the competitive
environment and other trends in the Company's industry; changes in
laws and regulations; changes in the Company's operating costs
including fuel; changes in the Company's business plans; interest
rates and the availability of financing; liability and other claims
asserted against the Company; labor disputes; the Company's ability to
attract and retain qualified personnel; inflation; and costs. For a
discussion of these and other risk factors, see Item 7 of the
Company's Annual Report on Form 10-K for the year ended December 31,
2004. All of the forward-looking statements are qualified in their
entirety by reference to the risk factors discussed therein. These
risk factors may not be exhaustive. The Company operates in a
continually changing business environment, and new risk factors emerge
from time to time. Management cannot predict such new risk factors,
nor can it assess the impact, if any, of such new risk factors on the
Company's business or events described in any forward-looking
statements. The Company disclaims any obligation to publicly update or
revise any forward-looking statements after the date of this report to
conform them to actual results.