secwatch.observer — SEC 8-K summary
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Issuer:     Frontier Group Holdings, Inc. (ULCC)
CIK:        0001670076
Form:       8-K
Filed at:   2024-03-29T23:59:59+00:00
Accession:  0001670076-24-000032
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1670076/000167007624000032/0001670076-24-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1670076/000167007624000032/fron-20240329.htm
  HTML page:      https://secwatch.observer/filing/0001670076-24-000032

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