ALASKA AIR GROUP, INC. (NYSE:ALK) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
ALASKA AIR GROUP, INC. (NYSE:ALK) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Departure of Directors or Certain Officers
On June 9, 2017, in order to dedicate more focus to his role as managing director of Knight Angels Consulting LLC, a private equity and philanthropic organization, Jessie J. Knight, Jr. voluntarily resigned from the boards of directors of Alaska Air Group, Inc. (the “Company”) and its subsidiaries Alaska Airlines, Inc., Virgin America Inc. and Horizon Air Industries, Inc., effective June 9, 2017. Mr. Knight will relinquish seats on the Governance & Nominating Committee and the Safety Committee of the Company’s board of directors.
Mr. Knight has served as a director of Alaska Air Group, Inc. since 2002, seeing the Company through a variety of industry changes. His service and leadership helped ensure the Company not only avoid bankruptcy following 9/11, but helped position it for growth, including through its most recent transaction of acquiring Virgin America Inc.
In connection with Mr. Knight’s resignation, the number of seats on the Company’s and its subsidiaries’ boards of directors was decreased by action of each board from 10 to 9.
About ALASKA AIR GROUP, INC. (NYSE:ALK)
Alaska Air Group, Inc. is a holding company of Alaska Airlines (Alaska) and Horizon Air (Horizon). The Company’s segments include Alaska Mainline, Alaska Regional and Horizon. Its Alaska Mainline segment operates the Boeing 737 part of Alaska’s business. It offers north/south service within the western United States, Canada, Mexico and Costa Rica, as well as passenger and dedicated cargo services to and within the state of Alaska. Its regional operations consist of flights operated by Horizon, SkyWest Airlines, Inc. and Peninsula Airways, Inc. Its Horizon segment operates regional aircraft. It boasts over 1,200 daily flights to approximately 120 destinations. It offers over 290 daily flights to approximately 50 destinations from California, including over 110 daily nonstop flights to approximately 30 destinations from over three Bay Area airports and approximately 105 daily nonstop flights to over 40 destinations from approximately four Los Angeles area airports.
Alaska Air Group, Inc. is a holding company of Alaska Airlines (Alaska) and Horizon Air (Horizon). The Company’s segments include Alaska Mainline, Alaska Regional and Horizon. Its Alaska Mainline segment operates the Boeing 737 part of Alaska’s business. It offers north/south service within the western United States, Canada, Mexico and Costa Rica, as well as passenger and dedicated cargo services to and within the state of Alaska. Its regional operations consist of flights operated by Horizon, SkyWest Airlines, Inc. and Peninsula Airways, Inc. Its Horizon segment operates regional aircraft. It boasts over 1,200 daily flights to approximately 120 destinations. It offers over 290 daily flights to approximately 50 destinations from California, including over 110 daily nonstop flights to approximately 30 destinations from over three Bay Area airports and approximately 105 daily nonstop flights to over 40 destinations from approximately four Los Angeles area airports.