8-KThe WireRed Alert
Executive Change
Filed May 21, 2021 · 5y ago · Accession 0001683168-21-002144
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗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):
May 19, 2021
DELTA AIR LINES, INC.
(Exact name of
registrant as specified in its charter)
Delaware
001-05424
58-0218548
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
P.O. Box 20706 , Atlanta , Georgia 30320-6001
(Address of principal executive offices)
Registrant’s telephone number, including
area code: (404) 715-2600
Registrant’s Website address: www.delta.com
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 (see General Instruction A.2.
below):
☐ 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
Name of each exchange on which registered
Common Stock, par value $0.0001 per share
DAL
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17
CFR 240.12b-2).
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 Principal Officers; Election of Directors; Appointment of Principal Officers
(c) Delta
Air Lines, Inc. (“Delta”) today announced the appointment of Daniel C. Janki, age 53, as the company’s Chief Financial
Officer, effective July 12, 2021. A copy of Delta’s NewsHub story announcing Mr. Janki’s appointment is attached
to this report as Exhibit 99.1.
Prior to joining Delta,
Mr. Janki served as Senior Vice President of General Electric Company and the President and CEO of GE Power Portfolio, a position he has
held since October 2020. Mr. Janki previously served GE as its Senior Vice President of Business Transformation (2018-2020), Senior Vice
President, Treasurer and Global Business Operations (2014-2017), and Senior Vice President, CEO of GE Energy Management (2012-2013). He
has also served as Vice President, Chief Financial Officer of GE Energy Infrastructure; Vice President, GE Investor Relations; CFO, GE
Capital Consumer Finance (Americas); and other roles of increasing responsibility since joining GE in 1992. He also serves as a member
of the Board of Directors of Cornerstone Building Brands, Inc.
Mr. Janki’s initial
annual base salary will be $650,000. In addition, Mr. Janki will receive a cash signing bonus in the amount of $1,500,000 and an initial
equity award of shares of Delta’s common stock equaling $4,500,000 divided by the closing stock price on the date of grant. The
initial equity award of shares will vest in three equal installments on the anniversary of Mr. Janki’s date of employment. Mr. Janki’s
target award under the Delta Management Incentive Plan for 2021 will be 175% of his annual base salary, prorated for actual service for
the year, and his target award opportunity under the Delta Long-Term Incentive Program for 2021 is expected to be $4,500,000. Mr. Janki
will also participate in Delta’s broad-based employee retirement and welfare plans, other broad-based benefits and flight benefits
program available to senior executives.
Item 9.01 Financial
Statements and Exhibits.
(d) Exhibits.
Exhibit 99.1
Delta NewsHub Story titled “Delta announces Dan Janki as its new E.V.P. and Chief Financial Officer”
Exhibit 104
The cover page from this Current Report on Form 8-K, formatted in Inline XBRL
2
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.
DELTA AIR LINES, INC.
By: /s/ Peter W. Carter
Date: May 21, 2021
Peter W.
Carter
Executive Vice President and Chief Legal
Officer
3
Filing details
- Company
- DELTA AIR LINES, INC.
- Ticker
- DAL
- CIK
- 27904
- Form type
- 8-K
- Filing date
- May 21, 2021
- Report date
- May 19, 2021
- Document
- delta_i8k.htm
- Size
- 198 KB