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 4, 1997
Vanguard Airlines, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-27034 48-1149290
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
30 N.W. Rome Circle, Mezzanine Level, Kansas City International Airport,
Kansas City, Missouri 64153
(Address of principal executive offices including zip code)
Registrant's telephone number, including area code (816) 243-2100
Page 1 of 4
Exhibit at Page 4
<PAGE>
Item 5. Other Events.
On February 4, 1997, Kenneth J. Wagnon and Sharol Rasberry
resigned from their positions as board members of Vanguard Airlines, Inc.
(the "Company"). The Board of Directors will consider whether to fill
the vacancies on the Board created by Mr. Wagnon's and Ms. Rasberry's
resignation.
The Company issued a press release on February 5, 1997, announcing the
resignation of Kenneth J. Wagnon and Sharol Rasberry as board members, a
copy of which is attached hereto as Exhibit A.
<PAGE>
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 hereunto duly authorized, in the City of Kansas City,
State of Missouri, on February 4, 1997.
VANGUARD AIRLINES, INC.
/s/ John P. Tague
John P. Tague
Chairman of the Board, President and Chief
Executive Officer
<PAGE>
EXHIBIT A
NEWS RELEASE
30 NW Rome Circle February 5, 1997
Kansas City International Airport
Kansas City, MO 64153
(816) 243-2100
For Immediate Release Contact: Randy Smith
816) 243-2113
KENNETH J. WAGNON AND SHAROL RASBERRY RESIGNS FROM
VANGUARD AIRLINES' BOARD OF DIRECTORS
Kansas City, MO---February 5, 1997---Vanguard Airlines, Inc. (the "Company")
(OTC:VNGD)announced today that board members Kenneth J. Wagnon and
Sharol Rasberry resigned as of February 4, 1997 from the Board of Directors.
Mr. Wagnon and Ms Rasberry resigned due to time constraints and other
business obligations. The Board will consider whether to fill the
vacancies on the Board.
John P. Tague, Chairman, Chief Executive Officer and President of Vanguard
said,"Mr.Wagnon and Ms. Rasberry have provided invaluable support and
service to the Company, and we will miss their contributions."
Ken Wagnon, who has been on the Company's Board of Directors since formation,
said "I continue to be an ardent supporter of Vanguard and will be available to
offer any assistance the Company may require."
Vanguard Airlines, which began service in December 1994 and is headquartered in
Kansas City, Missouri, is a low-price, passenger airline providing convenient,
scheduled jet service. Vanguard serves the following cities: Atlanta, Chicago-
Midway, Dallas/Ft. Worth, Denver, Des Moines, Ft. Meyers, Kansas City, Las
Vegas, Los Angeles, Miami, Minneapolis/St. Paul, Orlando, San
Francisco, Tampa/St. Petersburg and Wichita. The Company currently employs 568
people and operates a fleet of eight aircraft, consisting of two Boeing 737-300s
and six Boeing 737-200s.
