Spirit Airlines Adopts Limited Duration Stockholder Rights Agreement
Spirit Airlines, Inc. (SAVE)
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ir.spirit.com
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Source: GlobeNewswire
MIRAMAR, Fla., March 30, 2020 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (NYSE: SAVE) announced today that its Board of Directors has approved the adoption of a limited duration stockholder rights agreement (the “Rights Agreement”) and declared a dividend distribution of one right (“Right”) for each outstanding share of common stock outstanding as of the record date. The record date for such dividend distribution is April 9, 2020. The Rights Agreement expires, without any further action being required to be taken by the Spirit Board of Directors, on March 29, 2021. “The COVID-19 pandemic has led to unprecedented disruption for the global airline industry,” said Ted Christie, Spirit Airlines President & CEO. “As a result, over recent weeks we have seen unique and severe dislocations in equity market valuations and, in particular, a substantial reduction in the share price of Spirit. We are confident in our ability to weather the current environment and have taken a number of steps to
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- 8/1/24 - Miss
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Sec Filings
- 11/13/24 - Form 8-K
- 11/13/24 - Form NT
- 11/12/24 - Form SC
- SAVE's page on the SEC website