Summary by Futu AI
Hawaiian Holdings, Inc. has filed an amendment to its proxy statement for a special meeting of stockholders scheduled for February 16, 2024. The amendment, dated February 6, 2024, supplements the original proxy statement issued on January 9, 2024, and addresses four stockholder lawsuits seeking to enjoin the company's proposed merger. These lawsuits allege that the proxy statement contained false and misleading statements and omitted material facts. Hawaiian Holdings has also received 14 demand letters from stockholders regarding the merger. The company has updated its financial projections and provided additional disclosures in response to these allegations, but denies any wrongdoing and intends to defend against the claims vigorously. The amendment includes new financial projections and clarifies certain analyses performed by Barclays in the context of the merger. Hawaiian Holdings maintains that the original proxy statement disclosed all material information and that the supplemental disclosures are not legally necessary but are provided to minimize litigation expenses and uncertainty.