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Executive Change

Filed May 21, 2021 · 5y ago · Accession 0001683168-21-002144

Plain English

Material event — a significant development the company must disclose promptly.

Read the source below for the full document.

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): May 19, 2021   DELTA AIR LINES, INC. (Exact name of registrant as specified in its charter)   Delaware   001-05424   58-0218548 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   P.O. Box 20706 , Atlanta , Georgia 30320-6001 (Address of principal executive offices)   Registrant’s telephone number, including area code: (404) 715-2600   Registrant’s Website address: www.delta.com   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 (see General Instruction A.2. below):   ☐ 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: Title of each class Trading Symbol Name of each exchange on which registered Common Stock, par value $0.0001 per share DAL New York Stock Exchange   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).   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.  ☐               Item 5.02       Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers   (c)       Delta Air Lines, Inc. (“Delta”) today announced the appointment of Daniel C. Janki, age 53, as the company’s Chief Financial Officer, effective July 12, 2021. A copy of Delta’s NewsHub story announcing Mr. Janki’s appointment is attached to this report as Exhibit 99.1.   Prior to joining Delta, Mr. Janki served as Senior Vice President of General Electric Company and the President and CEO of GE Power Portfolio, a position he has held since October 2020. Mr. Janki previously served GE as its Senior Vice President of Business Transformation (2018-2020), Senior Vice President, Treasurer and Global Business Operations (2014-2017), and Senior Vice President, CEO of GE Energy Management (2012-2013). He has also served as Vice President, Chief Financial Officer of GE Energy Infrastructure; Vice President, GE Investor Relations; CFO, GE Capital Consumer Finance (Americas); and other roles of increasing responsibility since joining GE in 1992. He also serves as a member of the Board of Directors of Cornerstone Building Brands, Inc.   Mr. Janki’s initial annual base salary will be $650,000. In addition, Mr. Janki will receive a cash signing bonus in the amount of $1,500,000 and an initial equity award of shares of Delta’s common stock equaling $4,500,000 divided by the closing stock price on the date of grant. The initial equity award of shares will vest in three equal installments on the anniversary of Mr. Janki’s date of employment. Mr. Janki’s target award under the Delta Management Incentive Plan for 2021 will be 175% of his annual base salary, prorated for actual service for the year, and his target award opportunity under the Delta Long-Term Incentive Program for 2021 is expected to be $4,500,000. Mr. Janki will also participate in Delta’s broad-based employee retirement and welfare plans, other broad-based benefits and flight benefits program available to senior executives.     Item 9.01         Financial Statements and Exhibits.   (d)  Exhibits.   Exhibit 99.1 Delta NewsHub Story titled “Delta announces Dan Janki as its new E.V.P. and Chief Financial Officer”     Exhibit 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL                 2       SIGNATURES       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.       DELTA AIR LINES, INC.           By:   /s/ Peter W. Carter Date:  May 21, 2021 Peter W. Carter Executive Vice President and Chief Legal Officer                         3
Filing details
Ticker
DAL
CIK
27904
Form type
8-K
Filing date
May 21, 2021
Report date
May 19, 2021
Document
delta_i8k.htm
Size
198 KB