E.R. "Tracy" Shirley III of Newcastle, Okla., died in the crash. He was vice president and chief financial officer for Harrison Gypsum Co. of Norman, Okla.
The plane crashed in the Mashulaville community, about 15 miles southwest of Macon, Miss.
WTVA-TV in Tupelo reports that the National Transportation Safety Administration reported Shirley was attempting to fly through severe weather when the plane crashed.