ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN
OFFICERS.
On December 13, 2022, American Airlines Group Inc. ("AAG") and American
Airlines, Inc., a wholly owned subsidiary of AAG ("AAI" and, together with AAG,
the "Company"), announced that, effective January 1, 2023, Devon E. May,
currently the Company's Senior Vice President-Finance and Investor Relations,
will assume the role of Executive Vice President and Chief Financial Officer.
Derek J. Kerr will transition from his position as Chief Financial Officer as of
year-end. Mr. Kerr will remain the Company's Vice Chair and President of
American Eagle and will assume the role of Strategic Advisor.
Mr. May, 46, has served as the Company's Senior Vice President-Finance and
Investor Relations since February 2022. Prior to this, Mr. May served in a
variety of senior roles in the Company's finance, regional, operations planning
and network planning organizations since joining the Company's predecessor in
2002.
At this time, any compensation adjustments in connection with Mr. May's
appointment as Chief Financial Officer have not been determined. The Company
will file an amendment to this Current Report on Form 8-K disclosing any
compensation adjustments made in connection with such appointment if and when
they have been determined.
ITEM 7.01. REGULATION FD DISCLOSURE.
On December 13, 2022, the Company issued a press release announcing the
appointment of Mr. May as Executive Vice President and Chief Financial Officer
and the transition of Mr. Kerr to the role of Vice Chair, President of American
Eagle and Strategic Advisor. The press release is furnished herewith as Exhibit
99.1 and is incorporated by reference into this Item 7.01.
The information in this Item 7.01, including Exhibit 99.1, is being furnished
and shall not be deemed to be "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of that Section and shall not be deemed incorporated by reference
into any registration statement or other document filed pursuant to the
Securities Act of 1933, as amended, except as shall be expressly set forth by
specific reference in such filing.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
Exhibit No. Description
99.1 Press Release, dated December 13, 2022.
104.1 Cover page interactive data file (embedded within the Inline XBRL
document).
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