0001166291-12-000064.txt : 20120831 0001166291-12-000064.hdr.sgml : 20120831 20120831162837 ACCESSION NUMBER: 0001166291-12-000064 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20120831 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120831 DATE AS OF CHANGE: 20120831 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PINNACLE AIRLINES CORP CENTRAL INDEX KEY: 0001166291 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] IRS NUMBER: 030376558 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31898 FILM NUMBER: 121068781 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 40 SOUTH MAIN STREET CITY: MEMPHIS STATE: TN ZIP: 38103 BUSINESS PHONE: 9013484100 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 40 SOUTH MAIN STREET CITY: MEMPHIS STATE: TN ZIP: 38103 FORMER COMPANY: FORMER CONFORMED NAME: PINNACLE AIRLINES CORP DATE OF NAME CHANGE: 20020215 FORMER COMPANY: FORMER CONFORMED NAME: SUPERIOR I CORP DATE OF NAME CHANGE: 20020130 8-K 1 form8k.htm PINNACLE AIRLINES CORP FORM 8-K form8k.htm


 
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):
 
August 31, 2012
 
PINNACLE AIRLINES CORP.
(Exact Name of Registrant as Specified in Charter)
PNCL LOGO
(State or other jurisdiction of incorporation or organization)
(Commission File Number)
(I. R. S. Employer Identification No.)
Delaware
001-31898
03-0376558
(Address of principal executive offices)
(Zip Code)
40 South Main Street, Memphis, TN
38103
Registrant’s telephone number, including area code
(901)-348-4100
(Former name or former address, if changed since last report.)

 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):
   
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
1

 


Item 8.01 Other Events

On August 31, 2012, Pinnacle Airlines Corp. announced that its wholly owned subsidiary, Pinnacle Airlines, Inc. (“Pinnacle”), had entered into a tentative agreement with the Transport Workers Union of America (“TWU”), the union representing Pinnacle’s dispatchers.  A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01 Financial Statements, Pro Forma Financial Information and Exhibits

(c) Exhibits:

Exhibit Number
 
Description
 
       
99.1                      Press release issued by Pinnacle Airlines Corp. dated August 31, 2012.





SIGNATURE

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

PINNACLE AIRLINES CORP.
(Registrant)

By:   /s/ Brian T. Hunt
Brian T. Hunt
Senior Vice President and General Counsel
August 31, 2012


 
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EXHIBIT 99.1
 
PNCL LOGO
Pinnacle Airlines, Inc. Reaches Tentative Agreement with Transport Workers Union of America

Moves Airline Closer to Successful Restructuring in Chapter 11

MEMPHIS, Tenn. (Aug. 31, 2012) – Pinnacle Airlines Corp.’s (OTC: PNCLQ) wholly owned subsidiary, Pinnacle Airlines Inc., announced today that it has reached a tentative agreement with the Transport Workers Union of America (TWU), the legal representative of the Pinnacle Airlines, Inc. Dispatchers group. Pinnacle is seeking concessions from all of its employees in order to emerge successfully from Chapter 11 proceedings with a competitive cost structure. The two sides reached a tentative agreement on concessions that cover pay, retirement, work rules and benefits. The concessions would become effective when concessions are implemented for other labor groups and non-union employees. TWU members at the airline will now have the opportunity to vote on the tentative agreement in the coming days and, if ratified, will avoid the Section 1113 litigation process in bankruptcy court.

“The agreement was reached because TWU and management worked together to complete a deal that enables us to move closer towards restructuring Pinnacle with a competitive cost structure that will allow us to exit Chapter 11 Bankruptcy proceedings and emerge as a successful and competitive regional carrier. We appreciate the hard work of TWU’s negotiating committee and recognize the importance of the hard-working men and women of the TWU as an integral part of the safe and efficient operation of our airline,” said Russ Elander, vice-president of operations.

Alex Giarrocco, TWU’s local president, added, “We understand that the company is in a very difficult financial situation and needs the support of its employees to emerge from bankruptcy.  Our professional ranks recognize that our contribution, painful as it is, is necessary for Pinnacle to reorganize its business to be able to survive.”

The tentative agreement remains subject to ratification by the TWU membership, required corporate approvals, and review by the Bankruptcy Court.

About Pinnacle Airlines Corp.

Pinnacle Airlines Corp. (OTC: PNCLQ), a $900 million airline holding company with 6,100 employees, is the parent company of Pinnacle Airlines, Inc. and Colgan Air, Inc. Flying as Delta Connection and United Express, Pinnacle Airlines Corp. operating subsidiaries operate 197 regional jets and 12 turboprops on 1,100 daily flights to 138 cities in the United States, Canada and Mexico. Corporate offices are located in Memphis, Tenn., and hub operations are located at five major U.S. airports. Visit www.pncl.com for more information.

Media Contact
Joe Williams  (901-346-6162)
 
 
 
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