8-KThe WireRed Alert
Executive Change
Filed Dec 22, 2023 · 2y ago · Accession 0001104659-23-128794
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): December 21, 2023
UNITED AIRLINES HOLDINGS, INC.
UNITED
AIRLINES, INC.
(Exact name of registrant as specified
in its charter)
Delaware
001-06033
36-2675207
Delaware
001-10323
74-2099724
(State or other jurisdiction
(Commission File Number)
(IRS Employer
of incorporation)
Identification Number)
233 S. Wacker Drive , Chicago , IL
60606
233 S. Wacker Drive , Chicago , IL
60606
(Address of principal executive
offices)
(Zip Code)
( 872 ) 825-4000
( 872 ) 825-4000
Registrant’s
telephone number, including area code
(Former name or former address, if changed
since last report.)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act.
Registrant
Title of each class
Trading
Symbol
Name of each exchange
on which registered
United Airlines Holdings, Inc.
Common Stock, $0.01 par value
UAL
The Nasdaq Stock Market LLC
United Airlines Holdings, Inc.
Preferred Stock Purchase Rights
None
The Nasdaq Stock Market LLC
United Airlines, Inc.
None
None
None
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. o
true
Co-Registrant CIK
0000319687
Co-Registrant Amendment Flag
false
Co-Registrant Form Type
8-K
Co-Registrant DocumentPeriodEndDate
2023-12-21
Co-Registrant Written Communications
false
Co-Registrant Solicitating Materials
false
Co-Registrant PreCommencement Tender Offer
false
Co-Registrant PreCommencement Issuer Tender Offer
false
Co-Registrant Entity Emerging Growth Company
false
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 21, 2023, Greg Hart, Executive
Vice President and Special Advisor of United Airlines, Inc. (“United”) and a named executive officer of United Airlines
Holdings, Inc. (the “Company”), the parent company of United, informed United and the Company of his intention to retire
in 2024.
In connection with Mr. Hart’s announcement
of his intent to retire, the Company, United and Mr. Hart entered into a Retirement and Transition Agreement (the “Agreement”)
on December 21, 2023. Under the terms of the Agreement, Mr. Hart agrees to (i) provide continuing services to United and
the Company to support the successful transfer of responsibilities and the execution of the United Next growth strategy and (ii) voluntarily
retire from the Company on September 30, 2024 or such earlier date as agreed to by the parties. The terms of the Agreement provide
that Mr. Hart’s target compensation will be unchanged through the date of his retirement and the 2024 short-term incentive
award to be granted to Mr. Hart will remain outstanding and will be eligible for pro-rata vesting (subject to achievement of the
underlying performance conditions). Mr. Hart’s other incentive awards will receive retirement
treatment in accordance with the terms of the award agreements.
The benefits
to be provided to Mr. Hart upon a voluntary retirement and the retirement provisions applicable under his outstanding incentive awards
were described in the Company’s 2023 Proxy Statement, filed with the SEC on April 13, 2023, under the heading “Executive
Compensation – Potential Payments Upon Termination or Change in Control” and “Executive Compensation—2022 Pension
Benefits Table.” Mr. Hart will remain subject to restrictive covenants related to non-solicitation, non-competition and no-hire
provisions pursuant to the terms of his time-based restricted stock unit agreements and his prior employment agreement with the Company.
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
UNITED AIRLINES HOLDINGS, INC.
UNITED AIRLINES, INC.
By:
/s/ Robert S. Rivkin
Name:
Robert S. Rivkin
Title:
Senior Vice President, Chief Legal Officer and General Counsel
Date: December 22, 2023
Filing details
- Ticker
- UAL
- CIK
- 100517
- Form type
- 8-K
- Filing date
- Dec 22, 2023
- Report date
- Dec 21, 2023
- Document
- tm2333516d1_8k.htm
- Size
- 273 KB