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): November 28, 2007
DELTA
AIR LINES, INC.
|
(Exact
name of registrant as specified in its
charter)
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Delaware
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001-05424
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58-0218548
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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P.O.
Box 20706, Atlanta, Georgia 30320-6001
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(Address
of principal executive offices)
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Registrant’s
telephone number, including area code: (404)
715-2600
Registrant’s
Web site address: www.delta.com
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)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR
240.14d-2(b))
|
o
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR
240.13e-4(c))
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Item
5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain
Officers.
(b) Joseph
C. Kolshak will retire as Executive Vice President – Operations of Delta Air
Lines, Inc. (“Delta”) effective January 1, 2008. On November 28,
2007, the Personnel & Compensation Committee of Delta’s Board of Directors
approved a separation agreement between Mr. Kolshak and Delta.
(e) Under
the separation agreement, Mr. Kolshak will agree to certain
non-competition, non-solicitation and confidentiality covenants for the benefit
of Delta, as well as a general release of claims he may have against
Delta. Mr. Kolshak will receive the benefits provided to
executive vice presidents under the 2007 Officer and Director Severance Plan,
a
copy of which is filed as Exhibit 10.1 to Delta’s Quarterly Report on Form 10-Q
for the quarter ended September 30, 2007, and certain benefits which are
commonly provided to retired senior executives in the airline
industry. In connection with Delta’s emergence from bankruptcy, Mr.
Kolshak received an award of restricted stock, stock options and performance
shares under Delta’s 2007 Performance Compensation Plan. For
additional information about this award, see Delta’s Current Report on Form 8-K
filed with the Securities and Exchange Commission on March 22,
2007. Under the agreement, all restrictions on the restricted stock
will lapse as of January 1, 2008; the stock options may be exercised until
January 1, 2010; and the performance shares may vest if Delta meets certain
performance goals over the three year period ending December 31,
2009.
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.
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DELTA
AIR LINES, INC.
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|
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By:
/s/ Leslie P. Klemperer
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Date:
November 29, 2007
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Leslie P. Klemperer
Secretary
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