United Continental Holdings, Inc. 8-K 2005
Documents found in this filing:
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: September 7, 2005
(Date of earliest event reported)
(Exact name of registrant as specified in its charter)
1200 East Algonquin Road, Elk Grove Township, Illinois 60007
(Address of principal executive offices)
(Registrants telephone number, including area code)
(Former name or former address, if changed since last report)
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):
ITEM 8.01. Other Events
On September 7, 2005, UAL Corporation (UAL) and twenty-seven of its U.S.-based subsidiaries, including United Air Lines, Inc. (collectively, the Debtors), filed with the United States Bankruptcy Court for the Northern District of Illinois (the Bankruptcy Court): (a) Debtors Joint Plan of Reorganization Pursuant to Chapter 11 of the United States Bankruptcy Code (the Plan) and (b) a related Disclosure Statement (the Disclosure Statement). A copy of a press release announcing the filing of the Plan and the Disclosure Statement, and copies of the Plan and Disclosure Statement as filed with the Bankruptcy Court, are attached hereto as Exhibits 99.1, 99.2 and 99.3, respectively, and incorporated herein by reference.
The Disclosure Statement contains certain projections (the Projections) of financial performance for fiscal years 2005 through 2010. The Debtors do not, as a matter of course, publish their business plans, budgets or strategies, or make external projections or forecasts of their anticipated financial position or results of operations. UAL has filed the Disclosure Statement as an exhibit hereto because such Disclosure Statement has been filed with the Bankruptcy Court in connection with the Debtors reorganization proceedings. UAL urges stakeholders to refer to the limitations and qualifications included in the Disclosure Statement with respect to the Projections, including without limitation those set forth under the captions Statutory Requirements for Confirmation of the Plan Best Interests of Creditors Test/Liquidation Analysis and Valuation Analysis, Statutory Requirements for Confirmation of the Plan Financial Feasibility, Certain Factors to be Considered Prior to Voting Factors Affecting the Value of the Securities to be Issued Under the Plan, Appendix B Liquidation Analysis, Appendix C Valuation Analysis and Appendix D Projections. All information contained in the Disclosure Statement is subject to change, whether as a result of amendments to the Plan, actions of third parties or otherwise.
Bankruptcy law does not permit solicitation of acceptances of the Plan until the Bankruptcy Court approves the Disclosure Statement. Accordingly, this announcement is not intended to be, nor should it be construed as, a solicitation for a vote on the Plan. The Plan will become effective only if it receives the requisite stakeholder approval and is confirmed by the Bankruptcy Court.
ITEM 9.01. Financial Statements and Exhibits
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.
Dated: September 7, 2005