8-KThe WireRed Alert
Executive Change · Shareholder Vote
Filed Jun 20, 2025 · 1y ago · Accession 0001683168-25-004655
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): June
19, 2025
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.
(e) At the Annual Meeting of Shareholders of Delta Air Lines, Inc.
(the “Company”) held on June 19, 2025 (the “2025 Annual Meeting”), the Company’s shareholders approved the
Delta Air Lines, Inc. Performance Compensation Plan, as amended and restated effective June 19, 2025 (the “Performance Compensation
Plan”), which was previously approved by the Company’s Board of Directors subject to approval by the Company’s shareholders.
The Performance Compensation Plan amends and restates the Delta Air Lines, Inc. Performance Compensation Plan currently in effect, which
was approved by the Company’s shareholders in June 2016.
The material terms of the Performance Compensation Plan currently in
effect are unchanged, other than (i) an increase of 9,600,000 in the number of shares authorized for issuance under the plan, and (ii)
an extension of the expiration date of the plan from June 10, 2026 to June 19, 2035.
For a description of the terms and conditions of the Performance Compensation
Plan, see “Key Features of the Performance Compensation Plan” and “Summary of the Performance Compensation Plan”
under “Proposal 3 – Approval of Amendment and Restatement of Performance Compensation Plan” in the definitive proxy
statement for the 2025 Annual Meeting filed on April 25, 2025, which description is incorporated herein by reference.
Item 5.07. Submission of Matters to a Vote of Security Holders.
At the Company’s 2025 Annual Meeting, five proposals were voted
upon by the Company’s shareholders. The proposals are described in detail in the Company’s definitive proxy statement for
the 2025 Annual Meeting filed on April 25, 2025.
A brief description of the proposals
and the final results of the votes for each matter follows:
1. The shareholders elected all fourteen director nominees, each to serve as a member of the Company’s Board of Directors until
the Company’s next annual meeting of shareholders and the election and qualification of his or her successor, or until such director’s
earlier death, disqualification, resignation or removal:
For
Against
Abstain
Broker
Non-Votes
Edward H. Bastian
466,190,874
1,094,013
473,377
90,384,477
Christophe Beck
465,839,703
1,376,469
542,092
90,384,477
Maria Black
465,515,533
1,708,197
534,534
90,384,477
Willie CW Chiang
465,623,789
1,585,413
549,062
90,384,477
Greg Creed
455,473,237
11,718,598
566,429
90,384,477
David G. DeWalt
442,661,333
24,548,179
548,752
90,384,477
Leslie D. Hale
464,284,397
2,924,199
549,668
90,384,477
Christopher A. Hazleton
465,979,288
1,194,534
584,442
90,384,477
Michael P. Huerta
456,488,760
10,397,386
872,118
90,384,477
Judith J. McKenna
466,492,650
737,695
527,919
90,384,477
Vasant M. Prabhu
466,182,953
1,021,619
553,692
90,384,477
Sergio A. L. Rial
423,968,142
43,243,991
546,131
90,384,477
David S. Taylor
452,224,421
14,997,782
536,061
90,384,477
Kathy N. Waller
457,368,133
9,541,055
849,076
90,384,477
2
2. The shareholders approved the advisory vote on executive compensation:
For
Against
Abstain
Broker Non-Votes
445,434,238
21,175,222
1,148,804
90,384,477
3. The shareholders approved the amendment and restatement of the Company’s Performance Compensation Plan:
For
Against
Abstain
Broker Non-Votes
450,738,224
16,201,131
818,909
90,384,477
4.
The shareholders ratified the appointment
of Ernst & Young LLP as the Company’s independent auditors for 2025:
For
Against
Abstain
Broker Non-Votes
552,159,951
5,261,517
721,273
Not Applicable
5.
The shareholders did not approve the adoption of a shareholder proposal
requesting the ability for shareholders to act by written consent:
For
Against
Abstain
Broker Non-Votes
198,223,483
262,330,586
7,204,195
90,384,477
3
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
Peter W.
Carter
Executive Vice President – Chief External Affairs Officer
Date:
June 20, 2025
4
Filing details
- Company
- DELTA AIR LINES, INC.
- Ticker
- DAL
- CIK
- 27904
- Form type
- 8-K
- Filing date
- Jun 20, 2025
- Report date
- Jun 19, 2025
- Document
- delta_8k.htm
- Size
- 211 KB