JetBlue Airways Files 8-K: Director Changes & Officer Compensation Updates
Ticker: JBLU · Form: 8-K · Filed: May 23, 2024 · CIK: 1158463
| Field | Detail |
|---|---|
| Company | Jetblue Airways CORP (JBLU) |
| Form Type | 8-K |
| Filed Date | May 23, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, officer-compensation, board-changes
Related Tickers: JBLU
TL;DR
JetBlue's 8-K: Roth out, new directors in, exec pay changes filed.
AI Summary
On May 17, 2024, JetBlue Airways Corp. filed an 8-K report detailing several key events. These include the departure of director Steven G. Roth, the election of new directors, and updates to compensatory arrangements for certain officers. The filing also covers the submission of matters to a vote of security holders and the filing of financial statements and exhibits.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate internal shifts that may affect future strategic decisions and financial performance.
Key Players & Entities
- JetBlue Airways Corp. (company) — Registrant
- Steven G. Roth (person) — Departing Director
- May 17, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from JetBlue's board of directors?
Steven G. Roth has departed from JetBlue's board of directors.
What are the main items covered in this 8-K filing?
This 8-K filing covers the departure of directors, election of directors, appointment of officers, compensatory arrangements of certain officers, submission of matters to a vote of security holders, and financial statements and exhibits.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on May 17, 2024.
What is JetBlue Airways Corp.'s principal executive office address?
JetBlue Airways Corp.'s principal executive office is located at 27-01 Queens Plaza North, Long Island City, New York 11101.
What is JetBlue's IRS Employer Identification Number?
JetBlue's IRS Employer Identification Number is 87-0617894.
Filing Stats: 1,492 words · 6 min read · ~5 pages · Grade level 12.1 · Accepted 2024-05-23 06:10:07
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value JBLU The NASDAQ Stock Market
Filing Documents
- jblu-20240517.htm (8-K) — 67KB
- ex101-amendmenttothejetblu.htm (EX-10.1) — 3KB
- ex102-amendmenttothejetblu.htm (EX-10.2) — 3KB
- jblu-20240517_g1.jpg (GRAPHIC) — 86KB
- 0001158463-24-000014.txt ( ) — 399KB
- jblu-20240517.xsd (EX-101.SCH) — 2KB
- jblu-20240517_lab.xml (EX-101.LAB) — 21KB
- jblu-20240517_pre.xml (EX-101.PRE) — 12KB
- jblu-20240517_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. The Annual Meeting was held on May 17, 2024. There were 340,135,050 shares of common stock entitled to be voted, and 265,215,429 shares present in person or represented by proxy at the Annual Meeting. The stockholders of the Company voted on six items: 1. To elect eleven directors named in the proxy statement; 2. To approve, on an advisory basis, the compensation of the Company's named executive officers; 3. To approve an amendment to the JetBlue Airways Corporation Amended and Restated Certificate of Incorporation in order to provide for exculpation of officers from breaches of fiduciary duty to the fullest extent permitted by the General Corporation Law of the State of Delaware; 4. To approve an amendment to the JetBlue Airways Corporation 2020 Crewmember Stock Purchase Plan to increase the number of shares of common stock authorized for issuance; 5. To approve an amendment to the JetBlue Airways Corporation 2020 Omnibus Equity Incentive Plan to increase the number of shares of common stock authorized for issuance; and 6. To ratify the selection of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. The results were as follows: 1. The Company's stockholders elected each of the nominees for director listed in the proxy statement. The results were as follows: NAME FOR AGAINST ABSTAIN BROKER NON-VOTES B. Ben Baldanza 165,315,565 17,640,333 428,430 81,831,101 Peter Boneparth 156,129,448 26,804,455 450,425 81,831,101 Monte Ford 165,210,200 17,669,267 504,861 81,831,101 Joanna Geraghty 178,537,188 4,432,293 414,847 81,831,101 Ellen Jewett 158,177,924 24,726,213 480,191 81,831,101 Robert Leduc 165,566,250 17,339,300 478,778 81,831,101 Teri McClure 127,941,733 54,938,681 503,914 81,831,101 Nik Mittal 165,336,810 17,541,503 506,015 81,831,101 Sarah Robb O'Hagan 163,248,420 19,671,495 464,413 81,831,101 Vivek Sharma
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Amendment to the JetBlue Airways Corporation 2020 Omnibus Equity Incentive Plan 10.2 Amendment to the JetBlue Airways Corporation 2020 Crewmember Stock Purchase Plan 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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 thereunto duly authorized. JETBLUE AIRWAYS CORPORATION (Registrant) Date: May 23, 2024 By: /s/ Brandon Nelson Brandon Nelson General Counsel and Corporate Secretary