American Airlines enters separation agreement with former CCO Vasu Raja; severance includes $968,750 lump sum

AMERICAN AIRLINES, INC.

Vasu Raja's employment ended June 30, 2024; separation agreement signed July 11, 2024.
Severance includes continuation of base salary through Jan 31, 2025, and a $968,750 lump sum after that date, subject to non-compete and non-solicit.
Raja receives travel privileges for personal leisure and career transition services (LHH Professional Program) during the Severance Period.
Compliance with restrictive covenants through Jan 31, 2025 is required for full severance; breach triggers forfeiture and repayment.

item 5.02 item 9.01

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Departed

Vasu Raja

Chief Commercial Officer

AMERICAN AIRLINES, INC.

Filed: July 12, 2024, 7:59 PM ET

On July 11, 2024, American Airlines Group Inc. and American Airlines, Inc. (together, the “Company”) entered into a Separation Agreement (the “Agreement”) with Vasu Raja, the Company’s former Chief Commercial Officer.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Vasu Raja departed as Chief Commercial Officer at AMERICAN AIRLINES, INC..

Role: Chief Commercial Officer

Exact text from the filing

On July 11, 2024, American Airlines Group Inc. and American Airlines, Inc. (together, the “Company”) entered into a Separation Agreement (the “Agreement”) with Vasu Raja, the Company’s former Chief Commercial Officer.

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Source: SEC EDGAR

accession 0001193125-24-178619

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