UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
(Address of principal executive offices)
Registrant’s telephone number, including
area code:
Registrant’s Web site 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):
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol | Name of each exchange on which registered |
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 |
(b) Delta Air Lines, Inc. (“Delta”) today announced that Paul A. Jacobson, Delta’s Executive Vice President and Chief Financial Officer, has notified Delta of his decision to retire from the company. Mr. Jacobson will remain Executive Vice President and Chief Financial Officer while a successor is named and throughout the transition. A copy of Delta’s News Hub story announcing Mr. Jacobson’s retirement is attached to this report as Exhibit 99.1.
As of the date of this report, no new compensatory arrangements have been entered into in connection with Mr. Jacobson’s planned departure. The material terms of any new compensatory arrangements will be disclosed in a subsequent filing.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit 99.1 | Delta News Hub Story dated February 28, 2020 titled “Delta CFO Jacobson to retire after remarkable 23-year career” |
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: February 28, 2020 | Peter W. Carter, Executive Vice President and Chief Legal Officer |
3 |
Exhibit 99.1
News Hub Story
Delta CFO Jacobson to retire after remarkable 23-year career
Feb. 28, 2020 - Paul Jacobson, Delta’s chief financial officer, is retiring after a remarkable career at Delta that spanned more than two decades.
Jacobson will remain at Delta while a successor is named and throughout the transition. He joined the company in 1997 and was named CFO in 2012.
“Paul played a crucial role in Delta’s bankruptcy process and the strategy that led Delta to regain our investment-grade balance sheet while also investing billions in our people, product and service,” Delta CEO Ed Bastian wrote in a memo to employees Friday. “Paul has a gift for sharing financial messages that are clear, actionable and easily comprehended, ensuring that Delta people understand our financial standing, goals and path forward.”
Jacobson was named the airline industry’s best CFO eight times by Institutional Investor magazine’s poll of Wall Street analysts and investors. In his memo, Bastian also highlighted Jacobson’s service to the community, including his mission to raise awareness and funding for the American Heart Association after a member of his team experienced a heart attack at work.
Jacobson also helped establish the Delta Air Lines Aviation Education Building at his alma mater, Auburn University, providing resources for the next generation to learn to fly and pursue careers in aviation.
“When he leaves Delta later this year, his legacy will be our strong financial foundation and a best-in-class Finance team,” Bastian wrote.
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Cover |
Feb. 24, 2020 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Feb. 24, 2020 |
Entity File Number | 001-05424 |
Entity Registrant Name | DELTA AIR LINES, INC. |
Entity Central Index Key | 0000027904 |
Entity Tax Identification Number | 58-0218548 |
Entity Incorporation, State or Country Code | DE |
Entity Address, Address Line One | P.O. Box 20706 |
Entity Address, City or Town | Atlanta |
Entity Address, State or Province | GA |
Entity Address, Postal Zip Code | 30320-6001 |
City Area Code | (404) |
Local Phone Number | 715-2600 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, par value $0.0001 per share |
Trading Symbol | DAL |
Security Exchange Name | NYSE |
Entity Emerging Growth Company | false |