SNCY: 8-K · acquisition merger
On May 13, 2026, Sun Country Airlines Holdings, Inc. completed its acquisition by Allegiant Travel Company. Each share of Sun Country Common Stock was converted into the right to receive $4.10 in cash and 0.1557 shares of Allegiant Common Stock. In connection with the merger, Sun Country terminated its Credit and Guaranty Agreement and its Tax Receivable Agreement, resulting in a payment of approximately $80.4 million to the TRA holders. Sun Country also notified Nasdaq of the closing and requested the suspension of trading of its common stock, which was suspended prior to the opening of trading on the Closing Date. The delisting of Sun Country Common Stock from Nasdaq will be effective 10 days after the filing of the Form 25. Key leadership changes include the resignation of Jude Bricker as President and CEO of Sun Country, who will serve as Special Advisor to the Allegiant CEO. Additionally, several members of the Sun Country Board ceased to be directors, and three Sun Country directors joined the Allegiant Board.
SNCY: 8-K · proxy statement
On May 8, 2026, Sun Country Airlines Holdings, Inc. held a special meeting of stockholders to consider three proposals related to the merger with Allegiant Travel Company. The proposals included the adoption of the Merger Agreement, the compensation for named executive officers, and the adjournment of the meeting if necessary. The Merger Agreement Proposal was approved with 43,971,505 votes in favor, 32,926 votes against, and 39,103 abstentions. The Compensation Proposal was also approved, with 40,981,581 votes in favor, 3,054,379 votes against, and 7,574 abstentions. The Adjournment Proposal received sufficient votes to be approved, but an adjournment was not necessary due to the approval of the Merger Agreement Proposal. A total of 44,043,534 shares of Sun Country Common Stock, representing approximately 81.27% of the outstanding shares, were present at the Special Meeting, constituting a quorum to conduct business.
Allegiant Announces Future Board Composition Following Sun Country Acquisition
