SkyWest Inc.

03/25/2024 | Press release | Distributed by Public on 03/25/2024 14:02

Management Change/Compensation - Form 8-K

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 22, 2024, the Board of Directors (the "Board") of SkyWest, Inc. (the "Company") accepted Jerry Atkin's offer to retire as a director and Board Chair, effective as of the date of the Company's 2024 Annual Meeting of Shareholders. Mr. Atkin's offer to retire was submitted pursuant to a requirement of the Company's Corporate Governance Guidelines that each director who reaches the age of 75 must submit a letter of resignation from the Board, subject to Board acceptance. The offer to retire tendered by Mr. Atkin was not the result of any disagreement with the Company on any matter relating to its operations, policies or practices. Mr. Atkin joined the Company in 1974 as the Company's Director of Finance. In 1975, he assumed the office of President and Chief Executive Officer and was elected Board Chair in 1991. Mr. Atkin served as President of the Company until 2011 and as Chief Executive Officer until 2015. The Board greatly appreciates and sincerely thanks Mr. Atkin for his longstanding commitment, leadership and many contributions to the Board and to the Company's growth and success during his many years of service.

In connection with Mr. Atkin's retirement, the Board appointed James L. Welch, the Company's Lead Independent Director, to serve as Board Chair following Mr. Atkin's retirement, with such appointment to be effective as of the date of the Company's 2024 Annual Meeting of Shareholders.