The issue is a little bit tricky...
Existential import
concerns
"the question whether a universal or A proposition such as "all buttercups are blue" implies the existence of its subject, i.e. whether it implies the existential proposition "blue buttercups exist".
And see The problem of existential import:
[the modern historian] Terence Parsons argues that ancient philosophers did not experience the problem of existential import as only the A (universal affirmative) and I (particular affirmative) forms had existential import : "Affirmatives have existential import, and negatives do not. The ancients thus did not see the incoherence of the square as formulated by Aristotle because there was no incoherence to see."
He goes on to cite a medieval philosopher William of Moerbeke (1215–35 – c. 1286): "In affirmative propositions a term is always asserted to supposit for something. Thus, if it supposits for nothing the proposition is false. However, in negative propositions the assertion is either that the term does not supposit for something or that it supposits for something of which the predicate is truly denied. Thus a negative proposition has two causes of truth."
Trying to read it in modern terms, we have that an A is ∀x(Ax → Bx) while an E is ∀x(Ax → ¬Bx) and they have the same logical form (regarding quantifiers).
Thus, if we assume that A must be non-empty, we have to conclude that also B (in the first case) and ¬B in the second must be not-empty.
But for Aristotelian logic, "No A is B" is a basic statement of Syllogism and it is not "reducible" to an A form using a "not-B" predicate.
For Aristotelian logic, what matters for subalternation (to derive from A the corresponding I) is the subject A; in principle, the "complement of B can be not-empty while B itself being empty [re-write the predicate "Mortal" as "not-Immortal"; if we assume as domain the universe of creatures, we have that "No Philosopher is not-Immortal" is equivalent to the plain "Every Philosopher is Mortal", and we have that "not-Immortal" is instantiated, while "Immortal" is not].