secwatch.observer — SEC 8-K summary
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Issuer:     Allegiant Travel CO (ALGT)
CIK:        0001362468
Form:       8-K
Filed at:   2023-10-02T23:59:59+00:00
Accession:  0001362468-23-000049
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 1.02, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Allegiant CEO John Redmond resigns; executive chairman Maury Gallagher returns as CEO
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- John Redmond resigned as CEO and director effective Sept 26, 2023; separation agreement signed.
- Redmond gets pro rata vesting of 12,667 restricted shares; all other equity awards canceled.
- Redmond subject to two-year noncompete (hotel business in Florida) and nonsolicit; five-year confidentiality.
- Maury Gallagher resumes CEO duties with $750k base salary and $750k bonus for 2023 service.
- Gallagher served as executive chairman prior to resuming CEO role.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1362468/000136246823000049/0001362468-23-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1362468/000136246823000049/algt-20230926.htm
  HTML page:      https://secwatch.observer/filing/0001362468-23-000049

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