UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 4, 2005
PINNACLE AIRLINES CORP.
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(Exact name of registrant as specified in its charter)
DELAWARE 001-31898 03-0376558
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(State or other (Commission (IRS Employer
jurisdiction of incorporation) File Number) Identification Number)
1689 NONCONNAH BLVD, SUITE 111, MEMPHIS, TN 38132
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (901) 348-4100
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N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the Registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
ITEM 5.02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS.
On January 4, 2005, Jonathan G. Young resigned as Vice President of Flight
Operations of Pinnacle Airlines Corp. (the "Company") in order to pursue other
business opportunities. The Company has entered into a Separation Agreement with
Mr. Young under which the Company will pay Mr. Young's accrued base salary,
bonus and deferred vacation time, severance of $168,563.20 payable in twenty six
installments, and $54,200 for the value of restricted stock previously awarded
to Mr. Young. The Agreement also contains various covenants Mr. Young has
entered into for the benefit of the Company. The company does not consider the
payment amounts to be material.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
Furnished as Exhibit 99.1 is a copy of the Separation Agreement entered
into between the Company and Mr. Young.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PINNACLE AIRLINES CORP
Dated: January 6, 2005 /s/ Philip H. Trenary
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Philip H. Trenary
President and Chief Executive Officer
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