| Item 2.02. | Results of Operations and Financial Condition. |
On February 7, 2022, Frontier Group Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the three and twelve months ended December 31, 2021. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
The Company makes reference to non-GAAP financial information in the press release. A reconciliation of these non-GAAP financial measures to their nearest GAAP equivalents is provided in the press release.
The information in this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, except as expressly set forth by specific reference in such filing.
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On February 5, 2022, the Company’s Board of Directors appointed Josh A. Wetzel as the Company’s principal accounting officer. Mr. Wetzel was also named Vice President, Chief Accounting Officer, effective that same date. Mark C. Mitchell, the Company’s current principal accounting officer and Chief Accounting Officer, will continue to serve the Company in his new role as Vice President, Finance and Investor Relations.
Mr. Wetzel, age 40, has served as the Company’s Corporate Controller since September 2020, after serving as Director, Corporate Accounting and Financial Reporting from March 2019 to September 2020. Prior to joining the Company, Mr. Wetzel served as Vice President, Corporate Accounting at DCT Industrial Trust Inc., an industrial real estate company, from January 2018 until its acquisition by Prologis, Inc. in August 2018. From June 2017 to January 2018, Mr. Wetzel served as Assistant Controller at Welltok, Inc., a consumer activation company. Prior to that, Mr. Wetzel held various accounting and reporting positions at The WhiteWave Foods Co., a food and beverage company acquired by Danone S.A., from October 2015 to June 2017, The Western Union Company, a financial services company, from August 2014 to October 2015, and Takeda Pharmaceutical Company Limited, a multinational pharmaceutical company, from October 2010 to August 2014. Mr. Wetzel previously held various positions at Deloitte and Touche LLP from September 2005 to October 2010, most recently serving as an Audit Manager. Mr. Wetzel is a Certified Public Accountant and received a B.A. in Accountancy from DePaul University.
In connection with his appointment as Chief Accounting Officer, Mr. Wetzel’s annual base salary was increased to $250,000. The other existing compensation arrangements for Mr. Wetzel remain unchanged and he will receive equity grants under the Company’s annual performance and long-term incentive programs commensurate with his position and on the same timing as other similarly situated persons within the Company. There are no arrangements or understandings between Mr. Wetzel and any other person pursuant to which he was promoted to his role, there are no family relationships between Mr. Wetzel and any director or executive officer of the Company, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
