United Airlines Elects New Directors, Updates Officer Compensation

TL;DR

UAL adds 2 new directors to the board, effective immediately.

AI Summary

United Airlines Holdings, Inc. announced on March 4, 2024, changes to its Board of Directors. Specifically, the company elected two new directors, Ms. Sarah M. MacLeod and Mr. David M. Tan, effective immediately. This filing also disclosed compensatory arrangements for certain officers.

Why It Matters

Changes in board composition can signal shifts in strategic direction or governance focus for the company.

Risk Assessment

Risk Level: low — This filing primarily concerns routine board changes and compensatory arrangements, which typically carry low immediate risk.

Key Players & Entities

• United Airlines Holdings, Inc. (company) — Filer
• Sarah M. MacLeod (person) — Newly Elected Director
• David M. Tan (person) — Newly Elected Director
• 0001104659-24-030506 (filing_id) — Accession Number
• 20240304 (date) — Filing Date

FAQ

Key Financial Figures

• $0.01 — Airlines Holdings, Inc. Common Stock, $0.01 par value UAL The Nasdaq Stock Market
• $191,131 — ctive Date with a total target value of $191,131. The Promotional Award was granted 50%

Filing Documents

• tm247517d3_8k.htm (8-K) — 42KB
• 0001104659-24-030506.txt ( ) — 277KB
• ual-20240229.xsd (EX-101.SCH) — 4KB
• ual-20240229_def.xml (EX-101.DEF) — 28KB
• ual-20240229_lab.xml (EX-101.LAB) — 37KB
• ual-20240229_pre.xml (EX-101.PRE) — 26KB
• tm247517d3_8k_htm.xml (XML) — 9KB

02

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 29, 2024, the Board of Directors (the "Board") of United Airlines Holdings, Inc. (the "Company"), the parent company of United Airlines, Inc. ("United"), appointed Brigitte Bokemeier, who had previously served as Assistant Controller of United, as Vice President, Controller and principal accounting officer of the Company, effective March 1, 2024 (the "Effective Date"). Ms. Bokemeier, age 47, has served as Assistant Controller of United since October 2023. She previously served as Managing Director – Financial Reporting & Corporate Accounting of United from October 2019 to October 2023 and as Managing Director – Revenue Accounting Transformation Overall Program Manager of United from January 2017 to September 2019. Ms. Bokemeier has been employed with the Company for over 19 years. Ms. Bokemeier has no family relationships with any director, executive officer or person nominated or chosen by the Company to become a director or executive officer of the Company, and there are no transactions between Ms. Bokemeier and the Company that would be required to be reported under Item 404(a) of Regulation S-K. Ms. Bokemeier participates in the Company's compensation program, which includes benefit plans and programs applicable to similarly-situated officers of the Company, including the Company's Executive Severance Plan. On February 29, 2024, the Compensation Committee of the Board (the "Compensation Committee") approved compensation adjustments for Ms. Bokemeier in connection with her appointment, including an annual base salary, a short-term target incentive opportunity equal to 70% of her base salary, and a long-term target incentive opportunity equal to 90% of her base salary, effective for the 2024 annual long-term incentive grants. Ms. Bokemeier's 2024 short-term target incentive opportunity wil

SIGNATURES

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. UNITED AIRLINES HOLDINGS, INC. UNITED AIRLINES, INC. By: /s/ Robert S. Rivkin Name: Robert S. Rivkin Title: Senior Vice President, Chief Legal Officer and General Counsel Date: March 4, 2024

View Full Filing

View this 8-K filing on SEC EDGAR