Business Context and Reporting Period
This Form 8-K Current Report was filed by JetBlue Airways Corporation on May 11, 2021, with a signature date of May 17, 2021. The filing addresses significant changes in executive leadership within the finance department.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Resignation of CFO: Steve Priest, Chief Financial Officer since 2015, notified the Company of his resignation effective June 11, 2021, to pursue another opportunity.
- Appointment of Acting CFO: On May 13, 2021, the Board of Directors unanimously approved the appointment of Ursula Hurley as Acting Chief Financial Officer, effective June 12, 2021.
- Background of New Acting CFO: Ms. Hurley, age 39, has been with JetBlue since 2004. She previously served as Head of Treasury and Investor Relations and Treasurer since April 2021, with prior roles including Vice President Treasurer responsible for debt, cash management, and fleet strategy.
Guidance, Outlook, and Risks
Compensation: Changes to Ms. Hurley's compensatory arrangements have not yet been determined. The Company intends to file an amendment to this report once such information is available.
Regulatory Disclosure: The public announcement regarding these management changes was made via a press release on May 17, 2021 (Exhibit 99.1). This information is furnished under Regulation FD and is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Conflicts of Interest: The filing states there are no arrangements or understandings regarding Ms. Hurley's appointment, no family relationships with other officers or directors, and no transactions requiring disclosure under Item 404(a) of Regulation S-K.
Investor Verification Checklist
- Verify the exact effective dates of the CFO transition (June 11, 2021, for resignation; June 12, 2021, for appointment).
- Monitor for a subsequent Form 8-K amendment detailing Ms. Hurley's compensatory arrangements.
- Review the press release dated May 17, 2021 (Exhibit 99.1) for additional context on the leadership transition.
- Confirm that no other undisclosed transactions or understandings exist regarding the new Acting CFO.