# EDGAR Filing Document

**Accession Number:** 0001498710
**File Stem:** 0001193125-23-027106
**Filing Date:** 2023-2
**Character Count:** 9222
**Document Hash:** 8703e0efdaa7dac93cadd87e29c73171
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-027106.hdr.sgml**: 20230207

**ACCESSION NUMBER**: 0001193125-23-027106

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230130

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230207

**DATE AS OF CHANGE**: 20230207

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Spirit Airlines, Inc.
- **CENTRAL INDEX KEY:** 0001498710
- **STANDARD INDUSTRIAL CLASSIFICATION:** AIR TRANSPORTATION, SCHEDULED [4512]
- **IRS NUMBER:** 381747023
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35186
- **FILM NUMBER:** 23596128

**BUSINESS ADDRESS:**
- **STREET 1:** 2800 EXECUTIVE WAY
- **CITY:** MIRAMAR
- **STATE:** FL
- **ZIP:** 33025
- **BUSINESS PHONE:** 954-447-7920

**MAIL ADDRESS:**
- **STREET 1:** 2800 EXECUTIVE WAY
- **CITY:** MIRAMAR
- **STATE:** FL
- **ZIP:** 33025

?xml version="1.0" encoding="utf-8" ? 8-K

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### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

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### FORM 8-K

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#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d)

#### of the Securities Exchange Act of 1934

#### Date of Report (Date of earliest event reported): February 7, 2023 (January 30, 2023)

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## SPIRIT AIRLINES, INC.

#### (Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **001-35186** | **38-1747023** |
| **(State or other jurisdiction**<br> **of incorporation)** | **(Commission**<br> **File Number)** | **(IRS Employer**<br> **Identification No.)** |

---

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| | |
|:---|:---|
| **2800 Executive Way Miramar, Florida** | **33025** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

#### Registrant's telephone number, including area code: (954) 447-7920

#### Not Applicable

#### (Former name or former address if changed since last report.)

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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))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Class** | **Trading**<br> **Symbol(s)** | **Name of each exchange**<br> **on which registered** |
| Common Stock, $0.0001 par value | SAVE | New York Stock Exchange |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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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.**  |

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On January 30, 2023, the Compensation Committee ("Committee") of the Board of Directors of Spirit Airlines, Inc. (the "Company") approved the promotion of Scott Haralson to Executive Vice President and Chief Financial Officer. In connection with that promotion, Mr. Haralson's annual base salary was increased, effective February 1, 2023, from $400,000 to $425,000. Effective January 1, 2023, Mr. Haralson's target annual short-term incentive was increased from 80% to 90% of base salary, and his target annual long-term incentive was set at $900,000. Also on February 1, 2023, the Committee awarded Mr. Haralson: (i) restricted stock units vesting in equal installments on each of the next three anniversaries of the grant date, broken down as (A) $386,800 with a issue date of February 1, 2023, and (B) $163,200 with a issue date of April 2, 2023, subject to Mr. Haralson's continued employment by the Company on such date; and (ii) $550,000 in grant date value of performance share units, with an issue date of April 2, 2023, subject to Mr. Haralson's continued employment on such date, and with a payout ranging between 0-200% based on the Company's adjusted operating margin over a three-year measurement period ending December 31, 2025.

A copy of the Company's related press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

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| | |
|:---|:---|
| **ITEM 9.01.** | **Financial Statements and Exhibits**  |

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**(d)** **Exhibits** 

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| | |
|:---|:---|
| **Exhibit<br>Number** | **Description** |
| 99.1 | [Press Release, dated February 7, 2023.](d444837dex991.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**S**IGNATURES

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 hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | **SPIRIT AIRLINES, INC.** | **SPIRIT AIRLINES, INC.** |
| Date: February 7, 2023 | By: | /s/ Thomas Canfield |
|  | Name: | Thomas Canfield |
|  | Title: | Senior Vice President and General Counsel |

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## Exhibit 99.1

**Exhibit 99.1** 

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| | |
|:---|:---|
| ![LOGO](g444837g0208030951425.jpg) | **Spirit Media Relations**<br> <u>Media_Relations@spirit.com</u> |

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**Spirit Airlines Announces Leadership Promotions & Updates** 

**MIRAMAR, Fla., Feb. 7, 2023** – <u>Spirit Airlines</u> (NYSE: SAVE) today announced several leadership promotions and organizational updates across multiple divisions of the company.

**Scott Haralson** is promoted to **Executive Vice President & Chief Financial Officer**. In this role, Haralson will provide financial management, planning and guidance, and he will continue to report to President & Chief Executive Officer Ted Christie. Haralson has held multiple corporate finance leadership positions with Spirit since 2012 and most recently served as Senior Vice President & Chief Financial Officer since 2018.

**Simon Gore, Vice President & Treasurer**, has also taken on responsibility for overseeing fuel operations across Spirit's network. Gore has held various positions in the company since 2008.

**Allen Messick**'s role has been expanded from Vice President, Supply Chain Operations to **Vice President, Supply Chain Operations and Technical Operations**. He will oversee Tech Ops, the work group responsible for aircraft maintenance and technical support functions, effective Feb. 10. Messick has more than 30 years of aviation supply chain and maintenance experience and has served in a variety of roles at Spirit since 2015.

**Kirk Thornburg**'s role has also been expanded from Vice President, Fleet Management to **Vice President, Fleet and Power Plant.** In this position, he will oversee planning and management of Spirit's growing fleet of aircraft and engines. Thornburg has been with Spirit since 2016 and has more than two decades of experience in the aviation industry.

**David Klein** is promoted from Sr. Director, Talent to **Vice President, Talent**. Klein has been leading the company's new Spirit Talent Center for the last year and his role was recently expanded to include compliance programs and processes. He has been with Spirit since 2019.

"I'm very grateful for the incredible talent we have in place to support our expanding network and growing fleet," said Ted Christie, President & Chief Executive Officer at Spirit Airlines. "I have full confidence in these great leaders, who are stepping up to take on new responsibilities and help us soar to new heights."

###

**About Spirit Airlines:** 

<u>Spirit Airlines</u> (NYSE: SAVE) is committed to delivering the best value in the sky. We are the leader in providing customizable travel options starting with an unbundled fare. This allows our Guests to pay only for the options they choose — like bags, seat assignments, refreshments and Wi-Fi — something we call À La Smarte<sup>®</sup>. Our Fit Fleet<sup>®</sup> is one of the youngest and most fuel-efficient in the United States. We serve destinations throughout the U.S., Latin America and the Caribbean, making it possible for our Guests to venture further and discover more than ever before. We are committed to inspiring positive change in the communities where we live and work through the <u>Spirit Charitable Foundation</u>. Come save with us at <u>spirit.com</u>.