Two directors representing the Icahn Group, Jesse Lynn and Steven D. Miller, have resigned from JetBlue's Board of Directors. The resignations were automatically triggered after the Icahn Group's ownership stake in the company fell below the threshold required to maintain two board seats, as stipulated in a February 2024 agreement.
Key Details
- Effective Date: The resignations of Jesse Lynn and Steven D. Miller were effective as of August 24, 2026.
- Triggering Event: The Icahn Group notified JetBlue on August 21, 2026, that its ownership had decreased, revoking its right to two director appointments under the Director Appointment and Nomination Agreement dated February 16, 2024.
- No Disagreement: The filing states that the resignations were not the result of any disagreement with the company's operations, policies, or practices.