United Airlines amends tax benefits preservation plan, revises ownership definitions

United Airlines Holdings, Inc.

Board unanimously approved and entered Amendment No. 3 to Tax Benefits Preservation Plan on April 22, 2024.
Amendment redefines 'Beneficial Owner' and related terms to help protect net operating losses and tax attributes.
Plan originally adopted Dec 2020, extended through Dec 2026 subject to stockholder approval at 2024 annual meeting.
Prior amendments added Treasury warrant agreements and adjusted exercise price to $200.00 per 1/1000th of preferred share.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

United Airlines Holdings, Inc. entered into Amendment No. 3 to Tax Benefits Preservation Plan with Computershare Trust Company, N.A. (effective 2024-04-22).

Action: entry
Counterparty: Computershare Trust Company, N.A.
Effective: 2024-04-22

Exact text from the filing

On April 20, 2024, the board of directors of United Airlines Holdings, Inc. (the “Company”) unanimously approved, and on April 22, 2024, the Company entered into, that certain Amendment No. 3 to Tax Benefits Preservation Plan (“Amendment No. 3”), which amends the Tax Benefits Preservation Plan, dated as of December 4, 2020 and as amended as of January 21, 2021 and December 4, 2023 (the “Plan”), by and between the Company and Computershare Trust Company, N.A., as rights agent (the “Rights Agent”).

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Source: SEC EDGAR

accession 0001104659-24-050353

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