ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
OnOctober 21, 2020 , the Board ofDirectors of Alaska Air Group, Inc. (the "Company") appointedJessie J. Knight , Jr. to the Company's and its airline subsidiaries' boards of directors, effective immediately. He was also appointed to theCompensation and Leadership Development Committee of the Company's Board of Directors.Mr. Knight previously served as a director for the Company and its subsidiaries from 2002 to 2017.Mr. Knight will participate in the current director compensation arrangements applicable to non-employee directors. Under the terms of those arrangements,Mr. Knight received a prorated annual cash retainer of$40,680 for service on the Company's board for the period from his appointment until the Company's next annual meeting of stockholders. In addition, under the Company's 2016 Performance Incentive Plan,Mr. Knight received a grant ofAlaska Air Group, Inc. common shares, determined by dividing the grant value$54,250 by the closing price of the Company's common stock onOctober 21, 2020 .
In connection with
ITEM 7.01 Regulation FD Disclosure
On
ITEM 9.01. Financial Statements and Other Exhibits
Exhibit 99.1 Press release datedOctober 21, 2020 104 Cover Page Interactive Data File - embedded
within the Inline XBRL Document
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