UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 7, 2024, Robin Hayes, Chief Executive Officer of JetBlue Airways Corporation (“JetBlue” or the “Company”), notified the Company of his decision to retire from his position, effective February 12, 2024 (the “Transition Date”). The Company thanks Mr. Hayes for his many years of service and leadership. Mr. Hayes will serve as a strategic advisor over the coming months.
On January 7, 2024, in accordance with its extensive succession planning, the Board of Directors of the Company (the “Board”) unanimously approved the appointment of Joanna Geraghty, the Company’s President and Chief Operating Officer, as Chief Executive Officer, effective as of the Transition Date. In connection with her appointment, Ms. Geraghty has been designated as the Company’s principal executive officer as of such date. In addition, the Board appointed Ms. Geraghty to the Board, effective as of the Transition Date. Ms. Geraghty was also appointed as a member of the Airline Safety Committee and the Technology Committee of the Board, in each case effective as of the Transition Date.
Ms. Geraghty, age 51, first joined the Company in 2005. Prior to her appointment as President and Chief Operating Officer in May 2018, Ms. Geraghty served as the Company’s Executive Vice President, Customer Experience from 2014 to 2018. She also served as Executive Vice President, Chief People Officer from 2010 to 2014, after serving as Vice President and Associate General Counsel and Director of Litigation and Regulatory Affairs. Ms. Geraghty also serves on the board of directors of L3Harris Technologies, Inc. (NYSE: LHX), has also served as a member of the board of the JetBlue Foundation, and is chairperson of the board of Concern Worldwide, an international not-for-profit organization.
The Compensation Committee and the Board will evaluate Ms. Geraghty’s compensation at a later date. At this time, any changes to Ms. Geraghty’s compensatory arrangements in connection with her appointment as Chief Executive Officer have not been determined. The Company will file an amendment to this Current Report on Form 8-K after such information is determined or becomes available.
There are no arrangements or understandings between Ms. Geraghty and any other person pursuant to which she was appointed. Ms. Geraghty does not have any family relationship with any director or other executive officer of the Company or any person nominated or chosen by the Company to become a director or executive officer, and there are no transactions in which Ms. Geraghty has an interest requiring disclosure under Item 404(a) of Regulation S-K.
Item 7.01 Regulation FD Disclosure.
On January 8, 2024, the Company issued a press release regarding the foregoing executive transitions described in Item 5.02 of this Current Report on Form 8-K. A copy of the press release is furnished herewith as Exhibit 99.1.
The information included under this Item 7.01 (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as may be expressly set forth by specific reference in such filing.
Item 2.02 Results of Operations and Financial Condition.
On January 8, 2024, the Company issued a press release that, among other things, reiterated the Company’s estimated fourth quarter 2023 guidance, which was previously announced on December 7, 2023, based on preliminary financial results. The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information in this Item 2.02 of this Current Report on Form 8-K (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act, or the Exchange Act, except as may be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
|
Exhibit Number |
Description |
| 99.1 | Press Release dated January 8, 2024 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| JETBLUE AIRWAYS CORPORATION | |||
| (Registrant) | |||
| Date: | January 8, 2024 | By: | /s/ Brandon Nelson |
| Brandon Nelson | |||
| General Counsel and Corporate Secretary | |||