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Gogo Inc

For the period ended Apr 25, 2024. Filed Apr 26, 2024.

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About this filing

What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.

Apr 25, 2024 · Filed Apr 26, 2024

GOGO$3.89+71.5%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

Filed by the Registrant☒ Filed by a Party other than the Registrant☐

Check the appropriate box:

☐Preliminary Proxy Statement
☐Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
☒Definitive Proxy Statement
☐Definitive Additional Materials
☐Soliciting Material Pursuant to §240.14a-12

(Name of Registrant as Specified in Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

☒No fee required
☐Fee paid previously with preliminary materials
☐Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11

105 Edgeview Dr., Suite 300

Dear Stockholder:

You are cordially invited to attend the annual meeting of stockholders of Gogo Inc., to be held on June 4, 2024 at 9:00 a.m. Mountain Time. The annual meeting will be a virtual meeting conducted solely online and can be attended by visiting www.virtualshareholdermeeting.com/GOGO2024. All record holders of our outstanding shares of common stock as of the close of business on April 5, 2024, or the record date, are entitled to vote at the meeting. To participate in the annual meeting, you will need the control number located on your proxy card or the instructions that accompanied your proxy materials.

Your vote is important. Whether you plan to virtually attend the annual meeting or not, you may access electronic voting via the Internet, which is described on your enclosed proxy card (or, if you hold your shares through a bank or broker, voting instruction form), or you may sign, date and return the proxy card in the envelope provided (or, if you hold your shares through a bank or broker, voting instruction form).

Details of the business to be conducted at the annual meeting are given in the notice of annual meeting of stockholders and the proxy statement.

We are pleased to take advantage of the Securities and Exchange Commission rules that allow issuers to furnish proxy materials to their stockholders on the Internet. We believe these rules allow us to provide you with the information you need while lowering the costs of delivery and reducing the environmental impact of our annual meeting. Consequently, most stockholders will not receive paper copies of our proxy materials. We sent to these stockholders (to the extent they were holders of record as of the close of business on the record date) a notice of Internet Availability of Proxy Materials with instructions for accessing the proxy materials, including our proxy statement and annual report, and for voting via the Internet on or about April 25, 2024. We also provided access to our proxy materials over the Internet beginning on that date.

On behalf of the board of directors, I want to thank you for your support of Gogo.

Sincerely,

Oakleigh ThorneChief Executive Officer and Chair of the Board of Directors

105 Edgeview Dr., Suite 300

NOTICE OF ANNUAL MEETING OF STOCKHOLDERS

TO BE HELD ON June 4, 2024

To the Stockholders of Gogo Inc.:

NOTICE IS HEREBY GIVEN that the annual meeting of stockholders (the “Annual Meeting”) of Gogo Inc., a Delaware corporation (“Gogo” or the “Company”), will be held virtually on June 4, 2024, at 9:00 a.m. Mountain Time, at www.virtualshareholdermeeting.com/GOGO2024 for the following purposes:

  1. Election of two Class II directors to serve until the 2027 annual meeting of stockholders or until their successors are duly elected and qualified;

  2. A non-binding advisory vote approving 2023 executive compensation;

  3. Approval of the 2024 Employee Stock Purchase Plan (the "2024 ESPP");

  4. Approval of the 2024 Omnibus Equity Incentive Plan (the "2024 Plan");

  5. Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2024; and

  6. Transaction of any other business that may properly be brought before the Annual Meeting.

The Annual Meeting will be a virtual meeting conducted solely online and can be attended by visiting www.virtualshareholdermeeting.com/GOGO2024.

Our board of directors has fixed the close of business on April 5, 2024 as the record date for determining holders of our common stock entitled to notice of, and to vote at, the Annual Meeting.

Our board of directors recommends that you vote FORthe election of each of the director nominees named in Proposal No. 1 of the proxy statement, FORthe approval of 2023 executive compensation as described in Proposal No. 2 of the proxy statement, FOR the approval of the 2024 ESPP as described in Proposal No. 3 of the proxy statement, FOR the approval of the 2024 Plan as described in Proposal No. 4 of the proxy statement and FORthe ratification of the appointment of Deloitte & Touche LLP as our independent registered public accounting firm as described in Proposal No. 5 of the proxy statement.

For our Annual Meeting, we have elected to use the Internet as our primary means of providing our proxy materials to stockholders. Consequently, most stockholders will not receive paper copies of our proxy materials. On or about April 25, 2024, we sent to these stockholders (to the extent they were holders of record as of the close of business on the record date) a Notice of Internet Availability of Proxy Materials with instructions for accessing the proxy materials, including our proxy statement and annual report, and for voting via the Internet. We also provided access to our proxy materials over the Internet beginning on that date. The Notice of Internet Availability of Proxy Materials also provides information on how stockholders may obtain paper copies of our proxy materials free of charge, if they so choose. The electronic delivery of our proxy materials will significantly reduce our printing and mailing costs and the environmental impact of the circulation of our proxy materials.

The Notice of Internet Availability of Proxy Materials also provides the date, time and location of the Annual Meeting; the matters to be acted upon at the meeting and the board of directors’ recommendation with regard to each matter; a toll-free number, an email address and a website where stockholders may request a paper or email copy of the Proxy Statement, our annual report to stockholders and a form of proxy relating to the Annual Meeting; and information on how to attend the meeting and vote electronically.

You are cordially invited to virtually attend the Annual Meeting. You are urged to mark, date and sign your proxy card and return it by mail or follow the alternative voting procedures described in this proxy statement or the proxy card (or, if you hold your shares through a bank or broker, following the voting procedures on your voting instruction form or other information provided by your bank or broker).

BY ORDER OF THE BOARD OF DIRECTORS,

Crystal L. Gordon

Executive Vice President, General Counsel and Secretary

Broomfield, Colorado

IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON JUNE 4, 2024:

THIS NOTICE OF ANNUAL MEETING OF STOCKHOLDERS, THE ACCOMPANYING PROXY STATEMENT AND OUR 2023 ANNUAL REPORT TO STOCKHOLDERS ARE ALL AVAILABLE AT WWW.PROXYVOTE.COM AND MAY BE ACCESSED USING THE CONTROL NUMBER LOCATED ON EACH PROXY CARD.

Table of Contents to Proxy Statement

2024 PROXY STATEMENT SUMMARY1
Gogo Inc.’s 2024 Annual Meeting Information1
Items of Business1
Board Structure2
Election of Class II Directors2
Advisory Vote on Executive Compensation2
2024 Employee Stock Purchase Plan3
2024 Omnibus Equity Incentive Plan3
Ratification of the Appointment of the Independent Registered Public Accounting Firm3
OUR BOARD OF DIRECTORS AND CORPORATE GOVERNANCE4
Our Board4
Class II Nominees5
Continuing Directors6
Selecting Nominees for Director8
Director Independence10
Executive Sessions of Our Non-Management Directors10
Board Leadership Structure11
Risk Oversight11
Corporate Governance Guidelines13
Code of Business Conduct13
Committees of the Board13
Meetings of the Board and Attendance at the Annual Meeting15
Plurality Voting for Directors and Director Resignation Policy15
Succession Planning and Management Development15
Security Ownership Policies16
Communications with the Board16
EXECUTIVE OFFICERS17
RELATED PERSON TRANSACTIONS19
Policies and Procedures for Related Person Transactions19
Related Person Transactions19
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT23
COMPENSATION DISCUSSION AND ANALYSIS25
COMPENSATION COMMITTEE REPORT35
EXECUTIVE COMPENSATION TABLES36
Summary Compensation Table36
Grants of Plan-Based Awards37
Narrative to Summary Compensation Table and Grants of Plan-Based Awards Table37
Outstanding Equity Awards at 2023 Fiscal Year-End44

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Option Exercises and Stock Vested Table45
Nonqualified Deferred Compensation Table46
Potential Payments upon Termination or Change of Control46
CEO PAY RATIO49
PAY VERSUS PERFORMANCE50
Pay versus Performance Table50
Relationship between Compensation Actually Paid and Certain Financial Measures53
Financial Performance Measures55
DIRECTOR COMPENSATION56
AUDIT MATTERS58
Audit Committee Report58
Pre-approval of Independent Auditor Services59
Independent Registered Public Accounting Firm Fees59
PROPOSAL 1: ELECTION OF DIRECTORS60
Nominees for Director60
PROPOSAL 2: ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION61
PROPOSAL 3: APPROVAL OF THE 2024 EMPLOYEE STOCK PURCHASE PLAN62
PROPOSAL 4: APPROVAL OF THE THE 2024 OMNIBUS EQUITY INCENTIVE PLAN67
PROPOSAL 5: RATIFICATION OF APPOINTMENT OF ACCOUNTANTS77
OTHER INFORMATION FOR STOCKHOLDERS78
Other Business78
Stockholder Proposals and Director Nominations for 202478
Solicitation Costs80
Householding of Annual Disclosure Documents80
Attendance at Annual Meeting81
QUESTIONS AND ANSWERS ABOUT THE PROXY MATERIALS AND THE ANNUAL MEETING82
Annex A: 2024 Employee Stock Purchase PlanA-1
Annex B: 2024 Omnibus Equity Incentive PlanB-1

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105 Edgeview Drive, Suite 300

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.