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) January 13, 1998
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 (913) 789-1713
Page 1 of 4
Exhibit at Page 4
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Item 5. Other Events.
On January 13, 1998, Edmund H. Shea, Jr. resigned from his position
as a board member of Vanguard Airlines, Inc. (the "Company"). The Board
of Directors will consider whether to fill the vacancy on the Board created
by Mr. Shea's resignation.
The Company issued a press release on January 14, 1998, announcing the
resignation of Edmund H. Shea, Jr. as a board member, 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 January 14, 1998.
VANGUARD AIRLINES, INC.
/s/ Robert J. Spane
Robert J. Spane
Chairman of the Board, President and Chief
Executive Officer
<PAGE>
For Immediate Release
Contact: Lynne McAdoo
(913) 789-1364
EDMUND H. SHEA, JR. RESIGNS FROM VANGUARD
AIRLINES' BOARD OF DIRECTORS
Kansas City, MO---January 14, 1998---Vanguard Airlines, Inc.
(the "Company")(OTC: VNGD)announced today that board member Edmund H.
Shea, Jr. resigned as of January 13, 1998 from the Board of Directors.
Mr. Shea intends to focus his energies on other business obligations.
The Board will consider whether to fill the vacancy on the Board.
Robert J. Spane, Chairman, Chief Executive Officer and President of
Vanguard Airlines, said, "Edmund Shea has been a strong supporter
of Vanguard, both as an active member of the Board of Directors and as
a significant stockholder. We certainly appreciate his years of
service to the Company."
Mr. Shea, who recently increased his stake in Vanguard Airlines
through the purchase of additional shares of common stock in
Vanguard's rights offering, said, "I have enjoyed serving on the
Vanguard Board of Directors for the past 3 1/2 years and will continue
to take great interest in Vanguard and its future."
Vanguard Airlines, which began service in December 1994 and is
headquartered in Kansas City, Missouri, is a low-fare, passenger
airline providing convenient, scheduled jet service to the following
eight cities: Atlanta, Chicago-Midway, Dallas/Ft. Worth, Denver,
Kansas City, Minneapolis/St. Paul, New York-JFK and Pittsburgh.
The Company currently employs approximately 500 people and operates a
fleet of nine Boeing 737-200's. Vanguard Airlines has also signed
a letter of intent to lease its tenth Boeing 737-200 jet aircraft,
which the Company anticipates delivery of in February 1998.
