UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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): February 16, 2017
JETBLUE AIRWAYS CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
(State of Other Jurisdiction of Incorporation)
 
 
 
000-49728
(Commission File Number)
 
87-0617894
(I.R.S. Employer Identification No.)
 
 
 
27-01 Queens Plaza North, Long Island City, New York
(Address of principal executive offices)
 
11101
(Zip Code)
(718) 286-7900
(Registrant’s telephone number, including area code)
 
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 (see General Instruction A.2. below):
¨
 
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)
 
 
 
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
 
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 





Item 5.02.
Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

(e) On February 16, 2017, JetBlue Airways Corporation (the “Company”) and Mr. Robin Hayes, the Company’s President and Chief Executive Officer, executed an amendment to Mr. Hayes’ employment agreement, extending his term of employment through July 31, 2021, and increasing Mr. Hayes’ annual base salary from $550,000 to $565,000. The remaining terms of Mr. Hayes’ employment agreement are unchanged.

The Board of Directors of the Company approved these changes to Mr. Hayes’ employment agreement, at the recommendation of the Corporate Governance and Nominating Committee.

Item 9.01.      Financial Statements and Exhibits

(d) Exhibits         

Number      Description
 
10.41(a)
Amendment no. 1 to the Employment Agreement between JetBlue Airways Corporation and Robin Hayes, dated February 16, 2017.






SIGNATURE
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 thereunto duly authorized.
  
 
 
JETBLUE AIRWAYS CORPORATION
(Registrant)
 
 
 
Date: February 22, 2017
 
By: 
/s/ Alexander Chatkewitz
 
 
 
Vice President, Controller and Chief Accounting Officer
(principal accounting officer)





Exhibit Index

Exhibit Number
Description
10.41(a)
Amendment no. 1 to the Employment Agreement between JetBlue Airways Corporation and Robin Hayes, dated February 16, 2017.
 
 






Exhibit 10.41(a)
AMENDMENT NO. 1 TO THE EMPLOYMENT AGREEMENT
BETWEEN JETBLUE AIRWAYS CORPORATION AND ROBIN HAYES

This AMENDMENT NO. 1 (the “ Amendment ”) to the Employment Agreement, dated February 16, 2015 (the “ Prior Agreement ”), by and between JETBLUE AIRWAYS CORPORATION, a Delaware corporation (the “ Company ”), and ROBIN HAYES (the “ Executive ”), is hereby entered into this 16 day of February, 2017.

WHEREAS, the Company and t he Executiv e previously entered into the Prior Agreement; and

WHEREAS, the Company and the Executive desire to provide for the continued employment of the Executive on the terms and conditions contained in the Prior Agreement, as modified by this Amendment;

NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:

1. Section 2 of the Prior Agreement is replaced in its entirety by the following:

“2.     Term of Employment . The Executive’s employment under this Agreement commenced on February 16, 2015 (the “ Effective Date ”). On February 16, 2017, the Board exercised its discretion to extend the initial term of the Agreement (the “ Term ”), such that this Agreement shall terminate on the earlier of (i) July 31, 2021 or (ii) the termination of the Executive’s employment under this Agreement.”

2. Section 3(a) of the Prior Agreement is hereby amended to reflect the Executive’s annual base salary of $565,000, effective February 1, 2017.

3. All remaining terms of the Prior Agreement shall continue in full force and effect, as amended hereby.

IN WITNESS WHEREOF, the Company has caused this Amendment to be signed by its duly authorized officer pursuant to the authority of its board of directors, and the Executive has executed this Amendment, as of the date set forth above.

JET BLUE AIRWAYS CORPORATION


By:      /s/ Mike Elliott                 
    Mike Elliott
Chief People Officer



EXECUTIVE


/s/ Robin Hayes         
Robin Hayes
Dated:    February 16, 2017