{"url_path":"/sec/alk/8-k/2026-06-17/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-17","source_url":"https://www.sec.gov/Archives/edgar/data/766421/0000766421-26-000032-index.html","accession_number":"0000766421-26-000032","cik":"0000766421","ticker":"ALK","issuer_name":"ALASKA AIR GROUP, INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/766421/0000766421-26-000032-index.html","primary_entity_key":"0000766421","primary_entity_name":"ALASKA AIR GROUP, INC."},"word_count":379,"has_tables":true,"body_markdown":"ITEM 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.\n\n(c) Appointment of Certain Officers and Compensatory Arrangements of Certain Officers\n\nOn June 17, 2026, the Alaska Air Group, Inc. (“AAG”) Board of Directors elected Shane Tackett president of Alaska Airlines, Inc. effective June 29, 2026. Mr. Tackett will continue in his capacity as chief financial officer (“CFO”) of AAG and Alaska Airlines. As president and CFO, Mr. Tackett will assume responsibility for Alaska Airlines’ commercial division, led by executive vice president and chief commercial officer Andrew Harrison. A copy of the press release announcing this election and related organization changes is attached as Exhibit 99.1 and is incorporated by reference.\n\nMr. Tackett, age 48, has served as AAG’s and Alaska Airlines’ executive vice president and chief financial officer since 2020. Mr. Tackett first became an officer of the Company in 2011, when he was elected vice president of Labor Relations. In his 25 years at Alaska Airlines Mr. Tackett has held various leadership positions across finance, revenue management, labor relations, e-commerce and strategy. Mr. Tackett sits on AAG’s management executive committee.\n\nThere are no arrangements or understandings between Mr. Tackett and any other person pursuant to which Mr. Tackett was elected to serve as president. There are no family relationships between Mr. Tackett and any director or executive officer of the Company, and he has no direct or indirect material interest in any “related party” transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.\n\nCompensation Arrangement with Mr. Tackett\n\nOn June 17th, 2026, in connection with Mr. Tackett’s election as president, the Compensation and Leadership Development Committee of the AAG Board of Directors approved an increase in his annual base salary from $659,813 to $692,804 and in his target annual cash incentive opportunity under AAG’s Performance Based Pay Plan from 100% of base salary to 105% of base salary.\n\nThe Committee also set Mr. Tackett’s long-term incentive award target under AAG’s 2016 Performance Incentive Plan at $3,000,000 (he received an annual equity award with grant date value of $2,700,000 in February 2026). The Committee will determine the specific value of Mr. Tackett’s equity grant as part of its annual officer compensation review in February 2027."}