8-K/AThe WireRed Alert
Executive Change
Filed Jun 15, 2023 · 3y ago · Accession 0001683168-23-004182
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/A
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
June 14, 2023 ( May 23, 2023 )
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 Web site 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 Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
(c) On May 23, 2023, Delta
Air Lines, Inc. (“Delta”) filed a Current Report on Form 8-K (the “Form 8-K”) with the Securities and Exchange
Commission announcing the appointment of Michael Spanos as the company’s Chief Operating Officer, effective June 12, 2023. The Form
8-K is hereby amended as follows to report the compensation arrangements with Mr. Spanos in connection with his appointment, which were
approved by the Personnel & Compensation Committee of Delta’s Board of Directors on June 14, 2023:
Mr. Spanos’ initial annual base salary will
be $650,000. In addition, Mr. Spanos will receive a cash signing bonus in the amount of $250,000 and an initial equity award of shares
of Delta’s common stock equaling $2,000,000 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. Spanos’ date of employment. Mr. Spanos’ target award
under the Delta Management Incentive Plan for 2023 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 2023 is expected to be $5,500,000. Mr. Spanos will also participate
in Delta’s broad-based employee retirement, health and welfare plans, as well as receive benefits available to senior executives,
including flight benefits.
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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: June 15, 2023
Peter W. Carter
Executive Vice President – External Affairs
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Filing details
- Company
- DELTA AIR LINES, INC.
- Ticker
- DAL
- CIK
- 27904
- Form type
- 8-K/A
- Filing date
- Jun 15, 2023
- Report date
- May 23, 2023
- Document
- delta_8ka.htm
- Size
- 196 KB