{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-25-003365","form_type":"8-K15D5","ticker":"FLYYQ","cik":"0001498710","company_name":"Spirit Aviation Holdings, Inc.","filed_at":"2025-03-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.794739+00:00","generated_at":"2026-05-24T21:04:23.460298+00:00","sec_items":["1.01","1.02","2.03","3.02","3.03","5.03","5.01","5.02","1.03","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"Spirit emerges from Chapter 11 with $300M facility, $840M notes, new equity and board","bullets":["Emerged on March 12, 2025; old common stock cancelled; new parent Spirit Aviation Holdings formed.","$300M exit revolving credit facility (undrawn, $275M available) matures 2028; rates SOFR+3.25% or base+2.25%.","$840M PIK toggle senior secured notes due 2030 at 12% (8% cash, 4% PIK) or 11% all cash.","24.3M warrants issued at $0.0001 per share; rights offering raised $296M; backstop equity raised $53.9M.","Board reconstituted: Edward Christie remains CEO; seven prior directors removed."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-25-003365","json":"https://secwatch.observer/filing/0000950103-25-003365.json","markdown":"https://secwatch.observer/filing/0000950103-25-003365.md","text":"https://secwatch.observer/filing/0000950103-25-003365.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1498710/000095010325003365/0000950103-25-003365-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1498710/000095010325003365/dp226079_8k15d5.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T21:04:23.460298+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0b8423805d","claim":"H. McIntyre Garden departed as Director at Spirit Aviation Holdings, Inc..","evidence_excerpt":"on the Effective Date, Mark B. Dunkerley, H. McIntyre Garden, Robert D. Johnson, Barclay G. Jones III, Christine P. Richards, Myrna M. Soto and Richard Wallman ceased to be members of Former Spirit’s board of directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1498710/000095010325003365/0000950103-25-003365-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased"},{"label":"Role","value":"Director"}]},{"claim_id":"28fb668cbf","claim":"Timothy Bernlohr was appointed as Director at Spirit Aviation Holdings, Inc..","evidence_excerpt":"On the Effective Date, the members of the Company’s board of directors (the “Board”) were appointed in accordance with the Plan and the Confirmation Order.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1498710/000095010325003365/0000950103-25-003365-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}]},{"claim_id":"2eeec589a0","claim":"Richard Wallman departed as Director at Spirit Aviation Holdings, Inc..","evidence_excerpt":"on the Effective Date, Mark B. Dunkerley, H. McIntyre Garden, Robert D. Johnson, Barclay G. Jones III, Christine P. Richards, Myrna M. Soto and Richard Wallman ceased to be members of Former Spirit’s board of directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1498710/000095010325003365/0000950103-25-003365-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased"},{"label":"Role","value":"Director"}]},{"claim_id":"4a45d56d70","claim":"Robert D. Johnson departed as Director at Spirit Aviation Holdings, Inc..","evidence_excerpt":"on the Effective Date, Mark B. Dunkerley, H. McIntyre Garden, Robert D. Johnson, Barclay G. Jones III, Christine P. Richards, Myrna M. Soto and Richard Wallman ceased to be members of Former Spirit’s board of directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1498710/000095010325003365/0000950103-25-003365-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased"},{"label":"Role","value":"Director"}]},{"claim_id":"4b187eed00","claim":"Edward M. Christie, III was appointed as Director at Spirit Aviation Holdings, Inc..","evidence_excerpt":"On the Effective Date, the members of the Company’s board of directors (the “Board”) were appointed in accordance with the Plan and the Confirmation Order.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1498710/000095010325003365/0000950103-25-003365-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}]},{"claim_id":"68bdc1116c","claim":"David N. Siegel was appointed as Director at Spirit Aviation Holdings, Inc..","evidence_excerpt":"On the Effective Date, the members of the Company’s board of directors (the “Board”) were appointed in accordance with the Plan and the Confirmation Order.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1498710/000095010325003365/0000950103-25-003365-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}]},{"claim_id":"726f54f812","claim":"Christine P. Richards departed as Director at Spirit Aviation Holdings, Inc..","evidence_excerpt":"on the Effective Date, Mark B. Dunkerley, H. McIntyre Garden, Robert D. Johnson, Barclay G. Jones III, Christine P. Richards, Myrna M. Soto and Richard Wallman ceased to be members of Former Spirit’s board of directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1498710/000095010325003365/0000950103-25-003365-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased"},{"label":"Role","value":"Director"}]},{"claim_id":"733af3a7f1","claim":"Myrna M. Soto departed as Director at Spirit Aviation Holdings, Inc..","evidence_excerpt":"on the Effective Date, Mark B. Dunkerley, H. McIntyre Garden, Robert D. Johnson, Barclay G. Jones III, Christine P. Richards, Myrna M. Soto and Richard Wallman ceased to be members of Former Spirit’s board of directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1498710/000095010325003365/0000950103-25-003365-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased"},{"label":"Role","value":"Director"}]},{"claim_id":"a3100520da","claim":"Robert A. Milton was appointed as Director at Spirit Aviation Holdings, Inc..","evidence_excerpt":"On the Effective Date, the members of the Company’s board of directors (the “Board”) were appointed in accordance with the Plan and the Confirmation Order.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1498710/000095010325003365/0000950103-25-003365-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}]},{"claim_id":"e55869fe55","claim":"Barclay G. Jones III departed as Director at Spirit Aviation Holdings, Inc..","evidence_excerpt":"on the Effective Date, Mark B. Dunkerley, H. McIntyre Garden, Robert D. Johnson, Barclay G. Jones III, Christine P. Richards, Myrna M. Soto and Richard Wallman ceased to be members of Former Spirit’s board of directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1498710/000095010325003365/0000950103-25-003365-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased"},{"label":"Role","value":"Director"}]},{"claim_id":"f9500ad766","claim":"Mark B. Dunkerley departed as Director at Spirit Aviation Holdings, Inc..","evidence_excerpt":"on the Effective Date, Mark B. Dunkerley, H. McIntyre Garden, Robert D. Johnson, Barclay G. Jones III, Christine P. Richards, Myrna M. Soto and Richard Wallman ceased to be members of Former Spirit’s board of directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1498710/000095010325003365/0000950103-25-003365-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased"},{"label":"Role","value":"Director"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}