---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-25-004985"
form_type: "8-K"
ticker: "FLYYQ"
cik: "0001498710"
company_name: "Spirit Aviation Holdings, Inc."
filed_at: "2025-04-17T23:59:59+00:00"
generated_at: "2026-05-23T11:47:56.329081+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Spirit Airlines appoints Dave Davis as President and CEO effective April 21, 2025

## Summary
- Base salary $950k, target bonus 125% of base, sign-on cash bonus $4M (two installments), retention bonus $4M vesting in 5 years.
- Receives inducement award of 403,226 RSUs plus initial award of 403,226 time-based RSUs and 403,226 PSUs tied to equity growth.
- Board adopted 2025 Incentive Award Plan authorizing 4,032,258 shares for equity awards to employees and directors.
- Also appoints Duncan Dee as SVP Corporate Communications and Trey Urbahn as Senior Commercial Advisor.
- Davis joins from Sun Country Airlines where he served as President and CFO since 2018.

## SEC filing metadata
- accession: 0000950103-25-004985
- form_type: 8-K
- ticker: FLYYQ
- cik: 0001498710
- company_name: Spirit Aviation Holdings, Inc.
- filed_at: 2025-04-17T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1498710/000095010325004985/0000950103-25-004985-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1498710/000095010325004985/dp227811_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-25-004985
- JSON: https://secwatch.observer/filing/0000950103-25-004985.json
- Plain text: https://secwatch.observer/filing/0000950103-25-004985.txt

## Key facts
- Executive change
  David Davis was appointed as President and Chief Executive Officer at Spirit Aviation Holdings, Inc..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: On April 17, 2025, Spirit Aviation Holdings, Inc. (“Spirit” or the “Company”) announced the appointment of David Davis as President, Chief Executive Officer of the Company and as a member of the Board of Directors of the Company (the “Board”), in each case to be effective April 21, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1498710/000095010325004985/0000950103-25-004985-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.