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):
May 14, 1996
CONTINENTAL AIRLINES, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-09781 74-2099724
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
2929 Allen Parkway, Suite 2010, Houston, Texas 77019
(Address of principal executive offices) (Zip Code)
(713) 834-2950
(Registrant's telephone number, including area code)
Item 5. Other Events.
On May 14, 1996, Continental Airlines, Inc. ("Continental") filed
a definitive proxy statement with the Securities and Exchange
Commission ("SEC"). Such definitive proxy statement is hereby
incorporated herein by reference.
On June 26, 1996, Continental issued a press release announcing
that its Board of Directors had approved a two-for-one stock split,
payable on July 16, 1996 to holders of record of its Class B common
stock and Class A common stock on July 2, 1996.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
99.1 Definitive proxy statement, filed with the SEC
on May 14, 1996 and incorporated herein by
reference.
99.2 Press Release, dated June 26, 1996.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, Continental Airlines, Inc. has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
CONTINENTAL AIRLINES, INC.
By /s/ Jeffery A. Smisek
Jeffery A. Smisek
Senior Vice President and
General Counsel
June 27, 1996
EXHIBIT INDEX
99.1 Definitive proxy statement, filed with the SEC on May 14,
1996 and incorporated herein by reference.
99.2 Press release, dated June 26, 1996.
CONTINENTAL AIRLINES ANNOUNCES STOCK SPLIT;
ELECTION OF DIRECTORS
HOUSTON, June 26, 1996 -- Continental Airlines (NYSE: CAI.B
and CAI.A) announced today that its Board of Directors has approved
a two-for-one stock split, payable on July 16, 1996 to holders of
record of its Class B common stock and Class A common stock on July
2, 1996. Each record holder of its common stock on July 2, 1996
will receive one share for every share held on that date.
Certificates for the new shares are expected to be mailed on July
16, 1996.
"We believe the stock split will make our stock more
affordable to retail investors, and will bring additional liquidity
to the market for our shares," said Lawrence W. Kellner, Chief
Financial Officer of the carrier.
Separately, the carrier announced that all the proposals
placed before stockholders at its annual meeting on June 26 have
been approved, and that stockholders have elected Thomas J.
Barrack, Jr., Gordon M. Bethune, David Bonderman, Gregory D.
Brenneman, Patrick Foley, Douglas McCorkindale, George G.C. Parker,
Richard W. Pogue, William S. Price III, Donald L. Sturm, Karen
Hastie Williams and Charles A. Yamarone to its Board of Directors.
All directors, other than Mr. Parker, had previously been directors
of the Company.
Mr. Parker is Director of the MBA program and Professor of
Management at the Graduate School of Business of Stanford
University.
"We're pleased to welcome Professor Parker to our Board," said
Gordon Bethune, President and Chief Executive Officer. "We expect
him to bring fresh and practical insights to our business and
corporate governance."
Continental is the fifth largest airline in the U.S., offering
more than 2,000 jet and Express departures daily to 136 U.S. and 56
international destinations. Operating major hubs in Cleveland,
Guam, Houston and Newark, Continental is strategically positioned
for transcontinental travel, and offers extensive service to Latin
America and Europe via its Houston and Newark gateways.
Continental was recently named the top airline in customer
satisfaction among the nine major U.S. carriers on long-distance
(500+ miles) flights, based on an independent survey of more than
2,600 frequent flyers conducted by J. D. Power and Associates in
conjunction with Frequent Flyer magazine.