United Airlines Holdings Inc. filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
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Securities registered pursuant to Section 12(b) of the Act:
| Registrant | Title of Each Class | Trading Symbol |
Name of Each Exchange on Which Registered | |||
| United Airlines Holdings, Inc. | ||||||
| United Airlines Holdings, Inc. |
Indicate by check mark whether the registrant is an emerging
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
At the 2024 Annual Meeting of Stockholders of United Airlines Holdings, Inc. (the “Company”) held on May 22, 2024 (the “Annual Meeting”), the Company’s stockholders approved the Second Amendment (the “Plan Amendment”) to the United Airlines Holdings, Inc. Amended and Restated 2021 Incentive Compensation Plan (the “2021 Plan”). The Plan Amendment increases by 2,700,000 the maximum number of shares of common stock authorized to be issued under the 2021 Plan. Further information regarding the Plan Amendment was provided in the Company’s definitive proxy statement filed with the Securities and Exchange Commission (the “SEC”) on April 12, 2024 (as amended on April 23, 2024, the “Proxy Statement”).
The foregoing description of the Plan Amendment does not purport to be complete and is qualified in its entirety by reference to the complete text of the Plan Amendment, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
(a) The Company held its Annual Meeting on May 22, 2024.
(b) The matters submitted to a vote at the Annual Meeting and the voting results of such matters are as follows:
Item 1 - Election of Directors. Holders of the Company’s common stock elected each of the 11 directors nominated by the Company’s Board of Directors to serve as directors of the Company, each for a term expiring at the annual meeting of stockholders in 2025 and until his or her successor has been elected and qualified or his or her earlier death, resignation or removal, based upon the votes set forth in the table below:
| Name of Nominee | For | Against | Abstain | Broker Non-Votes | ||||
| Rosalind Brewer | 208,983,496 | 1,917,678 | 689,916 | 56,357,231 | ||||
| Michelle Freyre | 209,100,978 | 1,813,935 | 676,177 | 56,357,231 | ||||
| Matthew Friend | 207,787,120 | 3,260,536 | 543,434 | 56,357,231 | ||||
| Barney Harford | 208,361,181 | 2,684,457 | 545,452 | 56,357,231 | ||||
| Michele J. Hooper | 207,587,716 | 3,459,336 | 544,038 | 56,357,231 | ||||
| Walter Isaacson | 206,024,471 | 5,006,263 | 560,356 | 56,357,231 | ||||
| J. Scott Kirby | 207,976,321 | 3,114,030 | 500,739 | 56,357,231 | ||||
| Edward M. Philip | 206,973,249 | 4,072,038 | 545,803 | 56,357,231 | ||||
| Edward L. Shapiro | 207,650,872 | 3,385,524 | 554,694 | 56,357,231 | ||||
| Laysha Ward | 207,736,846 | 3,314,777 | 539,467 | 56,357,231 | ||||
| James M. Whitehurst | 200,844,011 | 10,218,869 | 528,210 | 56,357,231 |
The United Airlines Pilots Master Executive Council of the Air Line Pilots Association, International (the “ALPA”), the sole holder of the Company’s Class Pilot MEC Junior Preferred Stock, which provides the ALPA with the right to elect one member to the Company’s Board of Directors at each annual meeting of stockholders of the Company, elected Captain Anne Worster at the Annual Meeting to serve as a director of the Company for a term expiring at the annual meeting of stockholders in 2025 and until her successor has been elected and qualified or her earlier death, resignation or removal.
The International Association of Machinists and Aerospace Workers (the “IAM”), the sole holder of the Company’s Class IAM Junior Preferred Stock, which provides the IAM with the right to elect one member to the Company’s Board of Directors at each annual meeting of stockholders of the Company, elected Richard Johnsen at the Annual Meeting to serve as a director of the Company for a term expiring at the annual meeting of stockholders in 2025 and until his successor has been elected and qualified or his earlier death, resignation or removal.
Item 2 - Ratification of Appointment of Independent Registered Public Accounting Firm. The Company’s stockholders ratified the appointment of Ernst & Young LLP to serve as the Company’s independent registered public accounting firm for its fiscal year ending December 31, 2024 based upon the votes set forth in the table below:
| For | Against | Abstain | ||
| 263,053,397 | 3,785,148 | 1,109,778 |
Item 3 - Advisory Vote to Approve Executive Compensation. The Company’s stockholders approved a nonbinding, advisory resolution approving the compensation of the Company’s named executive officers, as set forth in the Proxy Statement, based upon the votes set forth in the table below:
| For | Against | Abstain | Broker Non-Votes | |||
| 202,936,183 | 8,050,194 | 604,715 | 56,357,231 |
Item 4 - Approval of the Second Amendment to the United Airlines Holdings, Inc. Amended and Restated 2021 Incentive Compensation Plan. The Company’s stockholders approved the Second Amendment to the United Airlines Holdings, Inc. Amended and Restated 2021 Incentive Compensation Plan, based upon the votes set forth in the table below:
| For | Against | Abstain | Broker Non-Votes | |||
| 202,700,294 | 8,294,331 | 596,467 | 56,357,231 |
Item 5 - Approval of the Company’s Tax Benefits Preservation Plan. The Company’s stockholders approved the Company’s Tax Benefits Preservation Plan, based upon the votes set forth in the table below:
| For | Against | Abstain | Broker Non-Votes | |||
| 196,800,315 | 14,135,465 | 655,312 | 56,357,231 |
The above items are described in more detail in the Company’s Proxy Statement.
| Item 9.01 | Financial Statements and Exhibits |
| Exhibit No. | Description | |
| 10.1 | Second Amendment to the United Airlines Holdings, Inc. Amended and Restated 2021 Incentive Compensation Plan. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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. | ||
| By: | /s/Robert S. Rivkin | |
| Name: | Robert S. Rivkin | |
| Title: | Senior Vice President, Chief Legal Officer and General Counsel | |
Date: May 29, 2024