---
schema_version: "secwatch.filing_event.v1"
accession: "0001670076-24-000032"
form_type: "8-K"
ticker: "ULCC"
cik: "0001670076"
company_name: "Frontier Group Holdings, Inc."
filed_at: "2024-03-29T23:59:59+00:00"
generated_at: "2026-06-04T05:25:06.988154+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Indigo to distribute 178.8M shares of Frontier to members; Franke to receive ~99.4M shares

## Summary
- Indigo, holding ~80% of Frontier's shares, will distribute all 178.8M shares pro rata in-kind on/about April 1, 2024.
- William A. Franke will receive ~99.4M shares (~44% of outstanding) from the distribution.
- Frontier will cease to be a 'controlled company' under Nasdaq rules after the distribution.
- Company must establish independent compensation and nominating committees within permitted phase-in periods.
- Franke resigns from Nominating and Corporate Governance Committee but remains Chair and director.

## SEC filing metadata
- accession: 0001670076-24-000032
- form_type: 8-K
- ticker: ULCC
- cik: 0001670076
- company_name: Frontier Group Holdings, Inc.
- filed_at: 2024-03-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1670076/000167007624000032/0001670076-24-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1670076/000167007624000032/fron-20240329.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001670076-24-000032
- JSON: https://secwatch.observer/filing/0001670076-24-000032.json
- Plain text: https://secwatch.observer/filing/0001670076-24-000032.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.