secwatch.observer — SEC 8-K summary
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Issuer:     Allegiant Travel CO (ALGT)
CIK:        0001362468
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0001362468-24-000034
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 5.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1362468/000136246824000034/0001362468-24-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1362468/000136246824000034/algt-20240708.htm
  HTML page:      https://secwatch.observer/filing/0001362468-24-000034

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