American Airlines Group, Inc. · NASDAQ:AAL
American Airlines — Shareholder Meeting (May 2024)
12 slides from American Airlines's shareholder meeting presentation, May 23, 2024
Slide 1: Stockholder Engagement Spring 2024
Stockholder Engagement Spring 2024
Slide 2: Forward-Looking Statements
January 1, 2020 FORWARD-LOOKING STATEMENTS Certain of the statements contained in this presentation should be considered forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Ref
Slide 3: Executive Summary
January 1, 2020 EXECUTIVE SUMMARY Capable, Diverse and Engaged Board of Directors (pgs. 5-6) • Our Board refreshment efforts, including the addition of five new and the resignation of four directors since 2020, along with the appointment of a new Independent Chairman in April 2023, have strengthened
Slide 4: We Request Your Support at the 2024 Annual Meeting
January 1, 2020 WE REQUEST YOUR SUPPORT AT THE 2024 ANNUAL MEETING Voting matter Board recommendation FOR each 1. Election of directors✓ director nominee 2. Ratification of public accounting firm✓ FOR 3. A proposal to approve, on a non-binding, advisory basis, executive compensation✓ FOR 4. A propos
Slide 5: Capable, Diverse and Engaged Board of Directors
January 1, 2020 CAPABLE, DIVERSE AND ENGAGED BOARD OF DIRECTORS Corporate Governance & Independent Chairman Public Responsibility Chair Compensation Chair Audit Chair Finance Chair Safety Chair Gregory D. Smith Martin H. Nesbitt Denise M. O’Leary Matthew J. Hart Doug Steenland Adriane M. Brown (Dire
Slide 6: Board Composition and Skills Ensuring Robust Oversight
January 1, 2020 BOARD COMPOSITION AND SKILLS ENSURING ROBUST OVERSIGHT AGE GENDER DIVERSITY TENURE 2 2 3 3 Over 45% 27% 6.1 years 64 years 1 of directors of directors 6 5 average 6 average age identify as are female tenure diverse 2 8 6 <60 60-69 70+ Female Male Female Female and racially diverse Ra
Slide 7: Strong Performance Against Our Strategic Priorities
January 1, 2020 STRONG PERFORMANCE AGAINST OUR STRATEGIC PRIORITIES To successfully lead American through the critical post-pandemic chapter, we established a targeted list of primary goals to improve the reliability, profitability and accountability of our operations to yield long-term value R E L
Slide 8: Executive Compensation Program Aligned to Strategy
January 1, 2020 EXECUTIVE COMPENSATION PROGRAM ALIGNED TO STRATEGY Our 2023 compensation program emphasized delivering record operational results, closing our margin gap and attaining our debt reduction goals. Our 2024 compensation program continues to incentivize performance against our strategic p
Slide 9: CEO's Compensation Reflects Promotion and Industry Disruptions
January 1, 2020 CEO’S COMPENSATION REFLECTS PROMOTION AND INDUSTRY DISRUPTIONS The compensation delivered to our CEO in 2023 reflects the challenging circumstances of the past few years 2020 – 2022 The most challenging time in our industry’s history, as the COVID-19 pandemic causes drastic disruptio
Slide 10: CEO's 2023 Annual Compensation Program Design
January 1, 2020 CEO’S 2023 ANNUAL COMPENSATION PROGRAM DESIGN Robert Isom was promoted to CEO in March 2022, culminating a thoughtful, multi-year succession planning process that began prior to the COVID-19 pandemic. In September 2023, the Compensation Committee revised Mr. Isom’s compensation progr
Slide 11: Compensation Adjustments Made to Align with Business Recovery
January 1, 2020 COMPENSATION ADJUSTMENTS MADE TO ALIGN WITH BUSINESS RECOVERY During the pandemic, we suspended our company profit sharing program for front line employees and our short-term incentive program for executives. We waited to reinstate those programs until after the passing of the worst
Slide 12: FY 2023 Decisions Associated with CEO Promotion and CARES Act
January 1, 2020 FY 2023 DECISIONS ASSOCIATED WITH CEO PROMOTION AND CARES ACT (in $, MM) 2023 Actual Total Direct Compensation $16.5 Base Salary Cash $1.3 Regular 91.5% 2023 Annual at-risk Short Term Incentive Cash $3.9 Compensation compensation Reflects market Long Term Incentive 50% PSUs | $11.2 a
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