Item 1.01 Entry into a Material Definitive Agreement.
As of January 30, 2023, Allegiant Travel Company (the "Company') and Scott
Sheldon entered into a separation agreement under which Mr. Sheldon resigned as
president and chief operating officer. Under the terms of the separation
agreement, Mr. Sheldon is entitled to a $980,000 lump sum severance payment,
immediate vesting of 19,542 shares of restricted stock previously granted to him
and a grant of an additional 38,082 shares of stock. The separation agreement
provides for the termination of Mr. Sheldon's employment agreement and the
cancellation of all other shares of stock that would have been granted to him
under that agreement. Under the separation agreement, Mr. Sheldon will be
subject to a nonsolicitation agreement for one year and a confidentiality
agreement for five years.
Item 1.02 Termination of a Material Definitive Agreement.
On January 30, 2023, the Company and Scott Sheldon agreed to the termination of
his Employment Agreement dated as of August 1, 2022. See Item 1.01 above.
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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 27, 2023, Scott Sheldon resigned as president and chief operating
officer of the Company effective as of April 1, 2023.
The Company announced that Keny Wilper has been designated to serve as interim
Chief Operating Officer. Keny Wilper, age 45, has served as our senior vice
president - stations and OCC (operations control center) since August 2022,
having previously served as our vice president, stations, since 2015. From 2002
until 2015, Mr. Wilper was employed by us in various capacities with ever
increasing responsibilities.
In addition, on January 30, 2023, the Company announced the designation of
Robert J. Neal as Senior Vice President and Chief Financial Officer. Mr. Neal,
age 39, has served as our senior vice president, corporate finance since
February 2021 and served as our vice president, fleet planning and corporate
finance from 2016 until February 2021. Mr. Neal has been employed by us in
various capacities with increasing responsibilities since 2007.
Gregory Anderson, who currently serves as our President and Chief Financial
Officer will continue to serve as the sole President of the Company.
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ALLEGIANT TRAVEL COMPANY 
