UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 22, 2011
SPIRIT AIRLINES, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
| 001-35186 | 38-1747023 | |
| (Commission File Number) |
(IRS Employer Identification Number) |
2800 Executive Way
Miramar, Florida 33025
(Address of principal executive offices, including Zip Code)
(954) 447-7920
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On November 22, 2011, the Compensation Committee of the Board of Directors of Spirit Airlines, Inc. (the “Company”) approved discretionary cash bonuses to certain employees of the Company, including certain of the Company’s named executive officers for 2010 (the “NEOs”), in connection with the successful completion of the Company’s initial public offering. The approved bonuses to the NEOS were as follows:
| Named Executive Officer and Position |
Bonus Amount | |||
| B. Ben Baldanza, President and Chief Executive Officer |
$ | 235,000 | ||
| Barry Biffle, Executive Vice President and Chief Marketing Officer |
$ | 175,000 | ||
| Thomas Canfield, Senior Vice President, General Counsel and Secretary |
$ | 175,000 | ||
| David Lancelot, Senior Vice President and Chief Financial Officer |
$ | 140,000 | ||
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: November 25, 2011 | SPIRIT AIRLINES, INC. | |||
| By: | /s/ Thomas Canfield | |||
| Name: | Thomas Canfield | |||
| Title: | Senior Vice President and General Counsel | |||
3