Allegiant Files 8-K on Operations, Bylaws; Investors Await Details
Ticker: ALGT · Form: 8-K · Filed: Feb 5, 2024 · CIK: 1362468
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, financial-condition, bylaws, operations
TL;DR
**Allegiant just filed an 8-K hinting at financial results and bylaw changes, so watch for upcoming detailed announcements.**
AI Summary
Allegiant Travel Company (ALGT) filed an 8-K on February 5, 2024, reporting on events that occurred on January 30, 2024. This filing indicates that the company is providing updates on its 'Results of Operations and Financial Condition' and 'Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year'. While specific financial figures aren't detailed in this summary, the filing signals that investors should anticipate more detailed financial information and potential corporate governance changes, which could impact the stock's valuation and future strategic direction.
Why It Matters
This filing signals that Allegiant is about to release important financial results and potentially change its corporate rules, which could affect its stock price and how the company is run.
Risk Assessment
Risk Level: medium — The filing indicates upcoming financial disclosures and potential corporate governance changes, which could introduce volatility depending on the nature of these updates.
Analyst Insight
A smart investor would monitor Allegiant's upcoming announcements for the detailed financial results and specifics of the bylaw changes, as these will provide concrete information to assess the company's performance and future direction.
Key Numbers
- 001-33166 — Commission File Number (identifies Allegiant's registration with the SEC)
- 702-851-7300 — Business Phone Number (Allegiant's primary contact number)
- 1201 North Town Center Drive — Business Address (Allegiant's principal executive offices)
- $0.001 — par value per share (par value of Allegiant's common stock)
Key Players & Entities
- Allegiant Travel Company (company) — the registrant filing the 8-K
- January 30, 2024 (date) — date of the earliest event reported
- February 5, 2024 (date) — date the 8-K was filed
- Nevada (company) — state of incorporation for Allegiant Travel Company
- NASDAQ Global Select Market (company) — exchange where Allegiant's common stock is registered
Forward-Looking Statements
- Allegiant Travel Company will release detailed financial results for the period ending December 31, 2023, shortly after this 8-K. (Allegiant Travel Company) — high confidence, target: 2024-02-29
- The amendments to Articles of Incorporation or Bylaws will likely involve minor administrative changes rather than significant shifts in corporate control. (Allegiant Travel Company) — medium confidence, target: 2024-03-31
FAQ
What specific items are being reported in this 8-K filing by Allegiant Travel Company?
Allegiant Travel Company is reporting on 'Results of Operations and Financial Condition' and 'Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year' as per the ITEM INFORMATION section of the filing.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 30, 2024, as stated in the 'Date of Report (Date of earliest event reported)' section.
What is the trading symbol and the exchange where Allegiant Travel Company's common stock is registered?
Allegiant Travel Company's common stock trades under the symbol ALGT and is registered on the NASDAQ Global Select Market, as indicated under 'Securities registered pursuant to Section 12(b) of the Act'.
What is Allegiant Travel Company's state of incorporation and IRS Employer Identification Number?
Allegiant Travel Company is incorporated in Nevada and its I.R.S. Employer Identification No. is 20-4745737, according to the filing.
What is the business address and phone number for Allegiant Travel Company?
The business address for Allegiant Travel Company is 1201 North Town Center Drive, Las Vegas, NV 89144, and its telephone number is (702) 851-7300, as listed in the filing.
Filing Stats: 1,120 words · 4 min read · ~4 pages · Grade level 13.4 · Accepted 2024-02-05 14:38:26
Key Financial Figures
- $0.001 — ich registered Common stock, par value $0.001 ALGT NASDAQ Global Select Market In
Filing Documents
- algt-20240130.htm (8-K) — 46KB
- a31by-lawsasamendedonjanua.htm (EX-3.1) — 184KB
- a2023q48-kex991.htm (EX-99.1) — 714KB
- algt-20240130_g1.jpg (GRAPHIC) — 82KB
- algtheaderq417a17a.jpg (GRAPHIC) — 82KB
- 0001362468-24-000004.txt ( ) — 1459KB
- algt-20240130.xsd (EX-101.SCH) — 2KB
- algt-20240130_lab.xml (EX-101.LAB) — 22KB
- algt-20240130_pre.xml (EX-101.PRE) — 11KB
- algt-20240130_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On February 5, 2024, Allegiant Travel Company (the "Company") issued the press release attached as Exhibit 99.1 to this Form 8-K concerning our results of operations for the quarter and year ended December 31, 2023. This information is being furnished under Item 2.02 of Form 8-K. This report and Exhibit 99.1 are deemed to be furnished and are not considered "filed" with the Securities and Exchange Commission. As such, this information shall not be incorporated by reference into any of our reports or other filings made with the Securities and Exchange Commission. Non-GAAP Financial Measures: The press release contains non-GAAP financial measures as such term is defined in Regulation G under the rules of the Securities and Exchange Commission. While the Company believes these financial measures are useful in evaluating the Company's performance, this information should be considered to be supplemental in nature and not as a substitute for or superior to the related financial information prepared in accordance with GAAP. Further, these non-GAAP financial measures may differ from similarly titled measures presented by other companies. Forward-Looking Statements: Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, statements in the press release that are not historical facts are forward-looking statements. These forward-looking statements are only estimates or predictions based on our management's beliefs and assumptions and on information currently available to our management. Forward-looking statements include our statements regarding future airline and Sunseeker Resort operations, revenue, expenses and earnings, ASM growth, expected capital expenditures, the cost of fuel, the timing of aircraft acquisitions and retirements, the number of contracted aircraft to be placed in service in the future, our ability to consummate announced aircraft transactions, as well as ot
03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On January 30, 2024, the Board of Directors of the Company approved an amendment to the Company's By-laws to set the number of Directors of the Company at seven (7). Section 9 Financial Statements and Exhibits
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. a. Not applicable. b. Not applicable. c. Not applicable. d. Exhibits Exhibit No. Description of Document 3.1 By-laws as amended on January 30, 2024 99.1 Press Release issued by Allegiant Travel Company on February 5, 202 4 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, Allegiant Travel Company has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. Date: February 5, 2024 ALLEGIANT TRAVEL COMPANY By: /s/ Robert J. Neal Name: Robert J. Neal Title: Senior Vice President and Chief Financial Officer EXHIBIT INDEX Exhibit No. Description of Document 3.1 By-laws as amended on January 30, 2024 99.1 Press Release issued by Allegiant Travel Company on February 5, 2024