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Form 8-K · Current Report · Filed 2024-04-23

United Airlines Holdings Amends Tax Benefits Preservation Plan

On April 22, 2024, United Airlines Holdings, Inc.

Filer
United Airlines Holdings Inc. UAL · NASDAQ
Filed
Accession
0001104659-24-050353
CIK
0000100517
Signal
High impactIndustrials

Details

amended its Tax Benefits Preservation Plan through Amendment No. 3. The amendment, approved by the board of directors on April 20, 2024, revises definitions under the plan, specifically relating to beneficial ownership. This modification follows previous amendments made in 2021 and 2023, which adjusted the warrant agreements and extended the plan's expiration date to December 4, 2026.

Items reported

Item 1.01

Entry into a Material Definitive Agreement

Financial Instrument Agreement
Item 3.03

Material Modification to Rights of Security Holders

Material Modification of Rights of Security Holders
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$53.94

Next session

-2.4%

Since filing

+124.9%

Latest close

$121.33

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from UAL reporting the same item, with the next session's move:

About United Airlines Holdings Inc.

United Airlines Holdings Inc. is a major airline company that operates an extensive flight network across the globe. It serves both the passenger and cargo segments, providing essential transportation services connecting major cities and remote locations. With a robust fleet, United Airlines offers flights to a wide array of destinations, spanning across continents including North America, Asia, Europe, and Latin America. Its operations are pivotal in facilitating international commerce and tourism, significantly impacting the travel and aviation industries. United Airlines is known for its diverse route portfolio and commitment to safety and customer service. The airline plays a critical role in the global aviation market by catering to business travelers, vacationers, and freight shipping needs. Additionally, United Airlines engages in strategic alliances and partnerships that enhance its global reach and service offerings. As a major carrier, it contributes substantially to economic activity by providing employment opportunities and supporting ancillary industries such as aerospace manufacturing and airport operations. Positioned among the top airlines worldwide, United Airlines continues to influence travel trends and aviation standards.

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