SkyWest Reports Director/Officer Changes & Shareholder Votes
Ticker: SKYW · Form: 8-K · Filed: May 9, 2024 · CIK: 793733
| Field | Detail |
|---|---|
| Company | Skywest Inc (SKYW) |
| Form Type | 8-K |
| Filed Date | May 9, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $500,000, $750,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, shareholder-vote
Related Tickers: SKYW
TL;DR
SkyWest's 8-K: New execs, board changes, and shareholder votes are on the table.
AI Summary
SkyWest, Inc. filed an 8-K on May 9, 2024, reporting events as of May 7, 2024. The filing indicates changes related to directors and officers, including elections and appointments, as well as compensatory arrangements for certain officers. It also covers the submission of matters to a vote of security holders and includes financial statements and exhibits.
Why It Matters
This filing signals potential shifts in the company's leadership and governance structure, which could impact strategic direction and operational oversight.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of corporate governance and operational updates, not indicating immediate financial distress or significant negative events.
Key Players & Entities
- SkyWest, Inc. (company) — Registrant
- May 7, 2024 (date) — Earliest event reported
- May 9, 2024 (date) — Date of report
FAQ
What specific changes were made regarding directors or certain officers?
The filing indicates the election of directors and appointment of certain officers, along with updates on compensatory arrangements for these officers, though specific names and details are not provided in this excerpt.
What matters were submitted to a vote of security holders?
The filing states that matters were submitted to a vote of security holders, but the specific nature of these matters is not detailed in the provided text.
What is the principal executive office address for SkyWest, Inc.?
The principal executive offices are located at 444 South River Road, St. George, Utah 84790.
In which state was SkyWest, Inc. incorporated?
SkyWest, Inc. was incorporated in Utah.
What is the SIC code for SkyWest, Inc.?
The Standard Industrial Classification (SIC) code for SkyWest, Inc. is 4512, which corresponds to AIR TRANSPORTATION, SCHEDULED.
Filing Stats: 1,229 words · 5 min read · ~4 pages · Grade level 12.2 · Accepted 2024-05-09 16:02:14
Key Financial Figures
- $500,000 — scal year of the Company may not exceed $500,000 (increased to $750,000 with respect to
- $750,000 — y may not exceed $500,000 (increased to $750,000 with respect to any non-employee direct
Filing Documents
- skyw-20240507x8k.htm (8-K) — 94KB
- 0001558370-24-007594.txt ( ) — 213KB
- skyw-20240507.xsd (EX-101.SCH) — 3KB
- skyw-20240507_lab.xml (EX-101.LAB) — 15KB
- skyw-20240507_pre.xml (EX-101.PRE) — 10KB
- skyw-20240507x8k_htm.xml (XML) — 4KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. On May 7, 2024, the Company held its Annual Meeting, at which the Company's shareholders considered and voted on the items described below: 1. The following persons were elected to serve as directors of the Company, each to serve until the next annual meeting of shareholders and until his or her successor shall have been duly elected and qualified, based upon the following votes: Name of Nominee Votes For Votes Against Abstentions Broker Non-Votes Russell A. Childs 33,270,899 206,368 23,956 2,592,059 Smita Conjeevaram 32,506,463 961,726 33,034 2,592,059 Derek J. Leathers 33,386,764 87,625 26,834 2,592,059 Meredith S. Madden 33,128,327 349,922 22,974 2,592,059 Ronald J. Mittelstaedt 32,365,028 1,112,718 23,477 2,592,059 Keith E. Smith 32,439,657 1,035,161 26,405 2,592,059 James L. Welch 29,227,939 4,252,304 20,980 2,592,059 2. The Company's shareholders approved, on an advisory basis, the compensation of the Company's named executive officers, based upon the following votes: Votes for approval 32,838,259 Votes against 636,985 Abstentions 25,979 Broker Non-Votes 2,592,059 3. The Company's shareholders approved the Restated Plan, based upon the following votes: Votes for approval 31,598,502 Votes against 1,843,544 Abstentions 59,177 Broker Non-Votes 2,592,059 4. The Company's shareholders ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2024, based upon the following votes: Votes for approval 35,318,459 Votes against 754,438 Abstentions 20,385 5. The Company's shareholders did not approve the shareholder proposal described in the Company's Proxy Statement, based upon the following votes: Votes for approval 8,577,141 Votes against 24,742,806 Abstentions 181,276 Broker Non-Votes 2,592,059
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Title of Document 10.1 SkyWest, Inc. 2019 Long-Term Incentive Plan (as amended and restated May 7, 2024), which is incorporated by reference to Appendix B of the Company's Definitive Proxy Statement on Schedule 14A, filed on March 26, 2024 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. SIGNATURE 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. SKYWEST, INC. Dated: May 9, 2024 By /s/ Eric J. Woodward Eric J. Woodward, Chief Accounting Officer