American Airlines Elects New Director

TL;DR

AA just added a new board member, effective 7/30.

AI Summary

American Airlines Group Inc. announced on July 30, 2024, the election of a new director, effective immediately. The filing does not disclose specific compensation arrangements or details about the new director's background or expertise.

Why It Matters

Changes in a company's board of directors can signal shifts in strategy or governance, potentially impacting future business decisions and shareholder value.

Risk Assessment

Risk Level: low — The filing reports a routine board change without any immediate financial implications or significant strategic shifts disclosed.

Key Players & Entities

• American Airlines Group Inc. (company) — Registrant
• July 30, 2024 (date) — Effective date of director election

FAQ

From the Filing

0000006201-24-000051.txt : 20240731 0000006201-24-000051.hdr.sgml : 20240731 20240731163022 ACCESSION NUMBER: 0000006201-24-000051 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240730 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240731 DATE AS OF CHANGE: 20240731 FILER: COMPANY DATA: COMPANY CONFORMED NAME: American Airlines Group Inc. CENTRAL INDEX KEY: 0000006201 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 751825172 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08400 FILM NUMBER: 241162464 BUSINESS ADDRESS: STREET 1: 1 SKYVIEW DRIVE CITY: FORT WORTH STATE: TX ZIP: 76155 BUSINESS PHONE: 6822789000 MAIL ADDRESS: STREET 1: 1 SKYVIEW DRIVE CITY: FORT WORTH STATE: TX ZIP: 76155 FORMER COMPANY: FORMER CONFORMED NAME: AMR CORP DATE OF NAME CHANGE: 19920703 8-K 1 aal-20240730.htm 8-K 07.30.24 ELECTION OF NEW DIRECTOR aal-20240730 0000006201 false 0000006201 2024-07-30 2024-07-30 0000006201 us-gaap:CommonStockMember 2024-07-30 2024-07-30 0000006201 us-gaap:WarrantMember 2024-07-30 2024-07-30 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 30, 2024 AMERICAN AIRLINES GROUP INC. (Exact name of registrant as specified in its charter) Delaware   1-8400   75-1825172 (State or other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)   1 Skyview Drive, Fort Worth, Texas   76155 (Address of principal executive offices)   (Zip Code) Registrant’s telephone number, including area code: ( 682 ) 278-9000 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $0.01 par value per share   AAL   The Nasdaq Global Select Market Preferred Stock Purchase Rights — (1) (1) Attached to the Common Stock Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934. Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. On July 30, 2024, the Board of Directors of American Airlines Group Inc. (“AAG”) elected Howard Ungerleider to AAG’s Board of Directors. The Board of Directors has determined that Mr. Ungerleider will serve on the Audit and Compensation Committees. Mr. Ungerleider will be compensated for his service as a director on the same basis as other non-employee directors of AAG. Compensation for AAG’s non-employee directo