Spirit Airlines CEO Gets $3.8 Million Bonus 1 Week Before Company Files Bankruptcy
Spirit Airlines CEO Gets $3.8 Million Bonus 1 Week Before Company Files Bankruptcy
According to an SEC filing, Spirit Airlines, Inc. (OTC:SAVEQ) CEO Ted Christie was paid a $3.8 million retention bonus just one week before the budget airline filed for bankruptcy.
根據美國證券交易委員會的文件,烈酒航空公司(場外交易:SAVEQ)首席執行官特德·克里斯蒂在這家低成本航空公司申請破產前的一週收到了380萬美元的保留獎金。
The Details: Spirit Airlines filed for Chapter 11 bankruptcy protection on Monday and announced a comprehensive balance sheet restructuring plan aimed at reducing its debt and allowing the airline to continue to operate through the bankruptcy process.
詳情:烈酒航空週一申請了第11章破產保護,並宣佈了一項全面的資產負債表重組計劃,旨在減少其債務並允許航空公司在破產過程中繼續運營。
Spirit's existing bondholders agreed to take a $350 million ownership position in a reorganized airline and erased $795 million of debt. They also agreed to provide $300 million of debt-in-possession financing, giving Spirit access to cash that will allow it to continue to pay employee wages and benefits through its reorganization.
烈酒航空的現有債權人同意在重組後的航空公司中擁有35000萬美元的股權,並免除79500萬美元的債務。他們還同意提供30000萬美元的破產融資,使烈酒航空獲得現金,以便繼續支付員工工資和福利。
"This set of transactions will materially strengthen our balance sheet and position Spirit for the future while we continue executing on our strategic initiatives to transform our guest experience, providing new enhanced travel options, greater value and increased flexibility," Christie said.
"這一系列交易將實質性地增強我們的資產負債表,併爲烈酒的未來奠定基礎,同時我們繼續執行戰略計劃以改善客戶體驗,提供新的增值旅行期權,更大的價值和更高的靈活性,"克里斯蒂說。
The troubled airline also saw its stock delisted from the New York Stock Exchange (the ticker was SAVE) and is now trading in the over-the-counter marketplace. Spirit disclosed the shares are expected to be canceled and will have no value when the reorganization process is completed.
這家陷入困境的航空公司還看到其股票從紐約證券交易所退市(逐筆明細爲SAVE),現在在場外交易市場交易。烈酒披露這些股份預計將在重組過程完成時被取消,並且將毫無價值。
Spirit approved large retention bonuses for its top executives on Nov. 12, six days before the company announced the restructuring and filed for bankruptcy. CEO Christie's retention bonus was $3.8 million, which he gets to keep if he remains with the company for another year.
烈酒於11月12日批准了對其高管的大額保留獎金,這距離公司宣佈重組並申請破產僅六天。首席執行官克里斯蒂的保留獎金爲380萬美元,如果他再與公司待滿一年,則可以keep這筆獎金。
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Photo: Courtesy of Spirit Airlines, Inc.
照片:感謝 spirit airlines, Inc.提供。
譯文內容由第三人軟體翻譯。