Allegiant names Gregory Anderson CEO effective Sept 1; suspends quarterly dividend

Allegiant Travel CO

Gregory Anderson to become CEO and president on Sept 1, 2024; Maury Gallagher transitions to Executive Chairman at $1M annual salary.
Anderson's base salary set at $600K through 2026; CMO DeAngelo gets $300K; stock options and 7,700 restricted shares cancelled.
Company suspends quarterly cash dividend immediately, citing capital needs for fleet investments.
Anderson also elected to the Board of Directors effective Sept 1, 2024.

item 1.01 item 5.02 item 8.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Gregory C. Anderson

chief executive officer

ALGT · Allegiant Travel CO

Effective: 2024-09-01
Filed: July 18, 2024, 7:59 PM ET

On July 8, 2024, the Board of Directors elected Gregory C. Anderson to serve as the Company’s chief executive officer effective as of September 1, 2024.

Appointed

Gregory C. Anderson

Director

ALGT · Allegiant Travel CO

Effective: 2024-09-01
Filed: July 18, 2024, 7:59 PM ET

Mr. Anderson will also be added to the Board of Directors as of September 1, 2024.

Role change

Maurice (Maury) Gallagher, Jr.

chief executive officer

ALGT · Allegiant Travel CO

Effective: 2024-09-01
Successor: Gregory C. Anderson
Filed: July 18, 2024, 7:59 PM ET

Maurice (Maury) Gallagher, Jr. will retire as the Company’s chief executive officer as of that date but will continue to serve the Company as Executive Chairman.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Gregory C. Anderson was elected as chief executive officer at Allegiant Travel CO.

Action: elected
Role: chief executive officer

Exact text from the filing

On July 8, 2024, the Board of Directors elected Gregory C. Anderson to serve as the Company’s chief executive officer effective as of September 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Gregory C. Anderson was appointed as Director at Allegiant Travel CO.

Action: added
Role: Director

Exact text from the filing

Mr. Anderson will also be added to the Board of Directors as of September 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Maurice (Maury) Gallagher, Jr. changed role as chief executive officer at Allegiant Travel CO.

Action: retire
Role: chief executive officer

Exact text from the filing

Maurice (Maury) Gallagher, Jr. will retire as the Company’s chief executive officer as of that date but will continue to serve the Company as Executive Chairman.

View on SEC.gov

Allegiant Travel CO filing history →

Source: SEC EDGAR

accession 0001362468-24-000034

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