---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-123249"
form_type: "8-K"
ticker: "UAL"
cik: "0000100517"
company_name: "United Airlines Holdings, Inc."
filed_at: "2023-12-04T23:59:59+00:00"
generated_at: "2026-06-07T18:30:45.800052+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# United Airlines extends poison pill to 2026, lowers exercise price to $200

## Summary
- Amendment extends Tax Benefits Preservation Plan expiration to Dec 4, 2026, subject to stockholder approval at 2024 annual meeting.
- Exercise price reduced from $250 to $200 per one-thousandth of a share of Series A Preferred Stock.
- Amendment also adds the April 2021 Treasury Warrant Agreement to plan definitions.
- Plan designed to preserve tax attributes (NOLs) by limiting ownership changes.

## SEC filing metadata
- accession: 0001104659-23-123249
- form_type: 8-K
- ticker: UAL
- cik: 0000100517
- company_name: United Airlines Holdings, Inc.
- filed_at: 2023-12-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100517/000110465923123249/0001104659-23-123249-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100517/000110465923123249/tm2332036d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-123249
- JSON: https://secwatch.observer/filing/0001104659-23-123249.json
- Plain text: https://secwatch.observer/filing/0001104659-23-123249.txt

## Key facts
- Material Agreements
  United Airlines Holdings, Inc. amended Amendment No. 2 to Tax Benefits Preservation Plan with Computershare Trust Company, N.A. (effective 2023-12-04).
  - Action: amendment
  - Counterparty: Computershare Trust Company, N.A.
  - Effective: 2023-12-04
  source text: On December 1, 2023, the board of directors of United Airlines Holdings, Inc. (the “Company”) unanimously approved, and on December 4, 2023, the Company entered into, that certain Amendment No. 2 to Tax Benefits Preservation Plan (the “Amendment”), which amends the Tax Benefits Preservation Plan, dated as of December 4, 2020 and as amended as of January 21, 2021 (the “Plan”), by and between the Company and Computershare Trust Company, N.A., as rights agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/100517/000110465923123249/0001104659-23-123249-index.htm

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