secwatch.observer — SEC 8-K summary
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Issuer:     Spirit Aviation Holdings, Inc. (FLYYQ)
CIK:        0001498710
Form:       8-K
Filed at:   2025-04-17T23:59:59+00:00
Accession:  0000950103-25-004985
Event type: leadership
Sentiment:  positive
Materiality: 0.80
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1498710/000095010325004985/0000950103-25-004985-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1498710/000095010325004985/dp227811_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-25-004985

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer