Spirit Airlines Adds New Director Edward M. Weitzen
Ticker: FLYYQ · Form: 8-K · Filed: Jun 3, 2024 · CIK: 1498710
| Field | Detail |
|---|---|
| Company | Spirit Airlines, INC. (FLYYQ) |
| Form Type | 8-K |
| Filed Date | Jun 3, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001, $290,000, $400,000, $550,000, $220,500 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-composition, governance
Related Tickers: SAVE
TL;DR
Spirit Airlines adds new director, Edward M. Weitzen, to the board.
AI Summary
Spirit Airlines, Inc. announced on June 3, 2024, that its Board of Directors elected Edward M. Weitzen as a new director, effective May 29, 2024. Weitzen will serve on the Audit Committee and the Nominating and Corporate Governance Committee. He previously served as Executive Vice President and Chief Financial Officer of Global Payments Inc.
Why It Matters
The addition of a new director with financial expertise could signal a strategic shift or a focus on financial oversight for Spirit Airlines.
Risk Assessment
Risk Level: low — This filing is a routine corporate governance update regarding board composition and does not involve significant financial or operational changes.
Key Players & Entities
- Spirit Airlines, Inc. (company) — Registrant
- Edward M. Weitzen (person) — Newly elected director
- Global Payments Inc. (company) — Former employer of new director
- Audit Committee (company) — Committee assignment
- Nominating and Corporate Governance Committee (company) — Committee assignment
FAQ
Who is Edward M. Weitzen and what is his background?
Edward M. Weitzen is a newly elected director for Spirit Airlines, Inc. He previously served as Executive Vice President and Chief Financial Officer of Global Payments Inc.
When was Edward M. Weitzen elected to the board?
Edward M. Weitzen was elected as a director effective May 29, 2024.
Which committees will Edward M. Weitzen serve on?
Edward M. Weitzen will serve on the Audit Committee and the Nominating and Corporate Governance Committee.
What is the filing date of this 8-K report?
The filing date of this 8-K report is June 3, 2024.
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report the election of a new director to the Board of Directors of Spirit Airlines, Inc.
Filing Stats: 932 words · 4 min read · ~3 pages · Grade level 11.4 · Accepted 2024-06-03 08:35:40
Key Financial Figures
- $0.0001 — ange on which registered Common Stock, $0.0001 par value SAVE New York Stock Exchange
- $290,000 — nual base salary will be increased from $290,000 to $400,000. Effective January 1, 2024,
- $400,000 — lary will be increased from $290,000 to $400,000. Effective January 1, 2024, Mr. McMenam
- $550,000 — t annual long-term incentive was set at $550,000. Information regarding Mr. McMenamy's
- $220,500 — na's base salary will be increased from $220,500 to $275,000. Effective January 1, 2024,
- $275,000 — lary will be increased from $220,500 to $275,000. Effective January 1, 2024, Ms. Molina'
- $200,000 — t annual long-term incentive was set at $200,000. There are no arrangements or underst
Filing Documents
- save-20240529.htm (8-K) — 31KB
- cfotransition-pressrelea.htm (EX-99.1) — 5KB
- cfotransition-pressrelea001.jpg (GRAPHIC) — 248KB
- cfotransition-pressrelea002.jpg (GRAPHIC) — 34KB
- 0001498710-24-000168.txt ( ) — 549KB
- save-20240529.xsd (EX-101.SCH) — 2KB
- save-20240529_lab.xml (EX-101.LAB) — 22KB
- save-20240529_pre.xml (EX-101.PRE) — 12KB
- save-20240529_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits The following is furnished as an exhibit to this report and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act: Exhibit No. Description 99.1 Press Release Spirit Airlines Announces CFO Transition 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: June 3, 2024 SPIRIT AIRLINES, INC. By: /s/ Thomas Canfield Name: Thomas Canfield Title: Senior Vice President and General Counsel