[8-K] Sun Country Airlines Holdings, Inc. Reports Material Event
Sun Country Airlines Holdings appointed D. Torque Zubeck as Senior Vice President and Chief Financial Officer, effective September 2, 2025, replacing interim CFO Bill Trousdale who will step down September 1, 2025. Mr. Zubeck, age 55, brings over 30 years of finance experience, including 22+ years in airline leadership, most recently serving as CFO of Mesa Airlines (March 2021 to September 2023) and 20 years in roles at Alaska Airlines where he led the Virgin America integration.
His employment letter provides an annual base salary of $350,000, eligibility for the Companys annual cash bonus program, a sign-on equity grant with a grant-date value of $800,000 in time-based restricted stock units vesting annually over three years, eligibility for annual equity awards and standard senior executive benefits. If terminated without "Cause," he is entitled to continued base salary and healthcare for 12 months subject to execution of a release and compliance with restrictive covenants. The full employment letter is filed as Exhibit 10.1.
Sun Country Airlines Holdings ha nominato D. Torque Zubeck Senior Vice President e Chief Financial Officer, con decorrenza 2 settembre 2025, in sostituzione del CFO ad interim Bill Trousdale che si dimetter脿 il 1掳 settembre 2025. Il sig. Zubeck, 55 anni, vanta oltre 30 anni di esperienza finanziaria, inclusi pi霉 di 22 anni in ruoli di responsabilit脿 nel settore aereo; 猫 stato recentemente CFO di Mesa Airlines (marzo 2021 - settembre 2023) e ha trascorso 20 anni in posizioni presso Alaska Airlines, dove ha guidato l'integrazione di Virgin America.
La sua lettera di assunzione prevede uno stipendio base annuo di $350,000, l'idoneit脿 al programma annuale di bonus in contanti della Societ脿, una concessione azionaria di benvenuto con valore alla data di assegnazione di $800,000 in unit脿 azionarie vincolate con maturazione annuale in tre anni, l'idoneit脿 a premi azionari annuali e i benefit standard per dirigenti senior. Se verr脿 licenziato senza "giusta causa", avr脿 diritto alla continuazione dello stipendio base e della copertura sanitaria per 12 mesi, subordinatamente alla sottoscrizione di una liberatoria e al rispetto delle clausole restrittive. La lettera di assunzione completa 猫 depositata come Exhibit 10.1.
Sun Country Airlines Holdings nombr贸 a D. Torque Zubeck como Senior Vice President y Chief Financial Officer, con efecto desde el 2 de septiembre de 2025, en reemplazo del CFO interino Bill Trousdale, quien dejar谩 el cargo el 1 de septiembre de 2025. El Sr. Zubeck, de 55 a帽os, aporta m谩s de 30 a帽os de experiencia en finanzas, incluidos m谩s de 22 a帽os en puestos directivos en aerol铆neas; fue recientemente CFO de Mesa Airlines (marzo de 2021 a septiembre de 2023) y pas贸 20 a帽os en Alaska Airlines, donde lider贸 la integraci贸n de Virgin America.
Su carta de empleo establece un salario base anual de $350,000, elegibilidad para el programa anual de bonificaci贸n en efectivo de la Compa帽铆a, una concesi贸n de acciones de bienvenida con un valor en la fecha de otorgamiento de $800,000 en unidades de acciones restringidas que se consolidan anualmente durante tres a帽os, elegibilidad para adjudicaciones anuales de acciones y los beneficios est谩ndar para altos ejecutivos. Si se le despide sin "causa", tendr谩 derecho a la continuidad del salario base y de la cobertura de salud durante 12 meses, sujeto a la firma de una renuncia y al cumplimiento de las cl谩usulas restrictivas. La carta de empleo completa se presenta como Exhibit 10.1.
Sun Country Airlines Holdings電� D. Torque Zubeck毳� 2025雲� 9鞗� 2鞚茧秬搿� 靹犾瀯霅� 靾橃劃攵�靷灔 瓴� 斓滉碃鞛毂呾瀯鞛�(CFO)搿� 鞛勲獏頄堨溂氅�, 鞛勳嫓 CFO鞚� Bill Trousdale電� 2025雲� 9鞗� 1鞚茧秬搿� 氍茧煬雮╇媹雼�. Zubeck 鞌�(55靹�)電� 30雲� 鞚挫儊鞚� 鞛 瓴诫牓鞚� 氤挫湢頃橁碃 鞛堨溂氅� 攴胳 22雲� 鞚挫儊鞚� 頃车靷� 瓴届榿歆勳溂搿� 攴茧頄堦碃, 斓滉芳鞐愲姅 Mesa Airlines鞚� CFO(2021雲� 3鞗攡2023雲� 9鞗�)毳� 鞐瀯頄堨溂氅� Alaska Airlines鞐愳劀 20雲勱皠 攴茧頃橂┐靹� Virgin America 韱淀暕鞚� 鞚措亴鞐堨姷雼堧嫟.
攴胳潣 瓿犾毄 瓿勳暯靹滌棎電� 鞐瓣皠 旮半掣旮� $350,000臧� 氇呾嫓霅橃柎 鞛堦碃 須岇偓鞚� 鞐瓣皠 順勱笀 氤措剤鞀� 頂勲攴鸽灗 彀胳棳 鞛愱博, 旆瀯 鞁� 攵�鞐澕 臧�旃橁皜 $800,000鞚� 鞁滉皠 旮半皹 鞝滍暅欤检嫕(RSU)鞚� 3雲� 霃欖晥 毵る厔 氩犾姢韺呺悩電� 順曧儨鞚� 欤检嫕 氤挫儊, 鞐瓣皠 欤检嫕 氤挫儊 雽�靸� 鞛愱博 氚� 鞚茧皹鞝侅澑 瓿犾渼 鞛勳洂 氤惦Μ頉勳儩鞚� 韽暔霅╇媹雼�. "鞝曤嫻頃� 靷湢" 鞐嗢澊 頃搓碃霅� 瓴届毎, 靹滊┐ 氅挫眳 霃欖潣靹滌潣 靹滊獏 氚� 鞝滍暅 臁绊暛 欷�靾橂ゼ 臁瓣贝鞙茧 12臧滌洈 霃欖晥 旮半掣旮夑臣 鞚橂氤错棙鞚� 瓿勳啀 歆�旮夒惄雼堧嫟. 鞝勳泊 瓿犾毄 瓿勳暯靹滊姅 Exhibit 10.1搿� 鞝滌稖霅橃柎 鞛堨姷雼堧嫟.
Sun Country Airlines Holdings a nomm茅 D. Torque Zubeck Senior Vice President et Chief Financial Officer, 脿 compter du 2 septembre 2025, en remplacement du directeur financier par int茅rim Bill Trousdale, qui quittera ses fonctions le 1er septembre 2025. M. Zubeck, 55 ans, apporte plus de 30 ans d'exp茅rience en finance, dont plus de 22 ans 脿 des postes de direction dans des compagnies a茅riennes ; il a r茅cemment 茅t茅 CFO de Mesa Airlines (mars 2021 脿 septembre 2023) et a pass茅 20 ans chez Alaska Airlines, o霉 il a dirig茅 l'int茅gration de Virgin America.
Sa lettre d'embauche pr茅voit un salaire de base annuel de $350,000, l'茅ligibilit茅 au programme annuel de prime en num茅raire de la Soci茅t茅, une attribution d'actions d'accueil d'une valeur 脿 la date d'attribution de $800,000 en unit茅s d'actions restreintes 脿 dur茅e d茅termin茅e, acquises chaque ann茅e sur trois ans, l'茅ligibilit茅 脿 des attributions annuelles d'actions et les avantages habituels des cadres sup茅rieurs. En cas de licenciement sans "Cause", il a droit au maintien du salaire de base et de la couverture sant茅 pendant 12 mois, sous r茅serve de la signature d'une quittance et du respect des clauses restrictives. La lettre d'embauche compl猫te est jointe en tant qu'Exhibit 10.1.
Sun Country Airlines Holdings hat D. Torque Zubeck zum Senior Vice President und Chief Financial Officer ernannt, wirksam zum 2. September 2025. Er ersetzt den interimistischen CFO Bill Trousdale, der zum 1. September 2025 zur眉cktritt. Herr Zubeck, 55 Jahre alt, verf眉gt 眉ber mehr als 30 Jahre Erfahrung im Finanzbereich, davon 眉ber 22 Jahre in F眉hrungspositionen bei Fluggesellschaften; zuletzt war er CFO von Mesa Airlines (M盲rz 2021 bis September 2023) und bekleidete 20 Jahre lang verschiedene Positionen bei Alaska Airlines, wo er die Integration von Virgin America leitete.
Sein Anstellungsvertrag sieht ein j盲hrliches Grundgehalt von $350,000 vor, Anspruch auf das j盲hrliche Barbonusprogramm des Unternehmens, eine Antrittsaktienzuteilung mit einem Zuteilungswert von $800,000 in zeitgebundenen Restricted Stock Units, die 眉ber drei Jahre j盲hrlich vesten, Anspruch auf j盲hrliche Aktienzuteilungen sowie die 眉blichen Vorteile f眉r F眉hrungskr盲fte. Wird er ohne "Cause" entlassen, hat er Anspruch auf Fortzahlung des Grundgehalts und der Krankenversicherung f眉r 12 Monate, vorbehaltlich der Unterzeichnung einer Freistellungserkl盲rung und der Einhaltung wettbewerbs- und geheimhaltungsrechtlicher Beschr盲nkungen. Der vollst盲ndige Anstellungsvertrag ist als Exhibit 10.1 hinterlegt.
- Experienced industry hire: D. Torque Zubeck has 30+ years of finance experience, including 22+ years in airline leadership and a recent CFO role at Mesa Airlines.
- Retention-focused equity: Sign-on restricted stock units with a grant-date value of $800,000 vesting annually over three years align the CFO with multi-year performance.
- Transparent disclosure: Employment terms, severance provisions, and absence of related-party relationships are explicitly disclosed and the employment letter is filed as Exhibit 10.1.
- None.
Insights
TL;DR Experienced airline CFO hire with alignment via equity; compensation disclosed.
The appointment brings a senior finance executive with deep airline experience, including a recent CFO role and long tenure at a major carrier. The compensation package combines a modest base salary of $350,000 with a sizable sign-on equity grant valued at $800,000 in time-based RSUs vesting over three years, plus bonus and ongoing equity eligibility. These terms signal an intent to align long-term interests with shareholder outcomes while replacing an interim officer. The filing discloses standard separation protections tied to a release and restrictive covenants; there are no related-party relationships or reportable transactions disclosed.
TL;DR Employment terms are standard and include customary release and covenant conditions; no conflicts disclosed.
The Zubeck Employment Letter specifies clear economic terms and post-termination protections: 12 months of continued base pay and healthcare if terminated without "Cause," conditioned on a general release and covenant compliance. The company states there are no family relationships or transactions requiring Item 404 disclosure, and the full letter is filed as Exhibit 10.1, providing transparency. The disclosed structure appears consistent with typical senior executive arrangements and includes retention-focused equity that vests over three years.
Sun Country Airlines Holdings ha nominato D. Torque Zubeck Senior Vice President e Chief Financial Officer, con decorrenza 2 settembre 2025, in sostituzione del CFO ad interim Bill Trousdale che si dimetter脿 il 1掳 settembre 2025. Il sig. Zubeck, 55 anni, vanta oltre 30 anni di esperienza finanziaria, inclusi pi霉 di 22 anni in ruoli di responsabilit脿 nel settore aereo; 猫 stato recentemente CFO di Mesa Airlines (marzo 2021 - settembre 2023) e ha trascorso 20 anni in posizioni presso Alaska Airlines, dove ha guidato l'integrazione di Virgin America.
La sua lettera di assunzione prevede uno stipendio base annuo di $350,000, l'idoneit脿 al programma annuale di bonus in contanti della Societ脿, una concessione azionaria di benvenuto con valore alla data di assegnazione di $800,000 in unit脿 azionarie vincolate con maturazione annuale in tre anni, l'idoneit脿 a premi azionari annuali e i benefit standard per dirigenti senior. Se verr脿 licenziato senza "giusta causa", avr脿 diritto alla continuazione dello stipendio base e della copertura sanitaria per 12 mesi, subordinatamente alla sottoscrizione di una liberatoria e al rispetto delle clausole restrittive. La lettera di assunzione completa 猫 depositata come Exhibit 10.1.
Sun Country Airlines Holdings nombr贸 a D. Torque Zubeck como Senior Vice President y Chief Financial Officer, con efecto desde el 2 de septiembre de 2025, en reemplazo del CFO interino Bill Trousdale, quien dejar谩 el cargo el 1 de septiembre de 2025. El Sr. Zubeck, de 55 a帽os, aporta m谩s de 30 a帽os de experiencia en finanzas, incluidos m谩s de 22 a帽os en puestos directivos en aerol铆neas; fue recientemente CFO de Mesa Airlines (marzo de 2021 a septiembre de 2023) y pas贸 20 a帽os en Alaska Airlines, donde lider贸 la integraci贸n de Virgin America.
Su carta de empleo establece un salario base anual de $350,000, elegibilidad para el programa anual de bonificaci贸n en efectivo de la Compa帽铆a, una concesi贸n de acciones de bienvenida con un valor en la fecha de otorgamiento de $800,000 en unidades de acciones restringidas que se consolidan anualmente durante tres a帽os, elegibilidad para adjudicaciones anuales de acciones y los beneficios est谩ndar para altos ejecutivos. Si se le despide sin "causa", tendr谩 derecho a la continuidad del salario base y de la cobertura de salud durante 12 meses, sujeto a la firma de una renuncia y al cumplimiento de las cl谩usulas restrictivas. La carta de empleo completa se presenta como Exhibit 10.1.
Sun Country Airlines Holdings電� D. Torque Zubeck毳� 2025雲� 9鞗� 2鞚茧秬搿� 靹犾瀯霅� 靾橃劃攵�靷灔 瓴� 斓滉碃鞛毂呾瀯鞛�(CFO)搿� 鞛勲獏頄堨溂氅�, 鞛勳嫓 CFO鞚� Bill Trousdale電� 2025雲� 9鞗� 1鞚茧秬搿� 氍茧煬雮╇媹雼�. Zubeck 鞌�(55靹�)電� 30雲� 鞚挫儊鞚� 鞛 瓴诫牓鞚� 氤挫湢頃橁碃 鞛堨溂氅� 攴胳 22雲� 鞚挫儊鞚� 頃车靷� 瓴届榿歆勳溂搿� 攴茧頄堦碃, 斓滉芳鞐愲姅 Mesa Airlines鞚� CFO(2021雲� 3鞗攡2023雲� 9鞗�)毳� 鞐瀯頄堨溂氅� Alaska Airlines鞐愳劀 20雲勱皠 攴茧頃橂┐靹� Virgin America 韱淀暕鞚� 鞚措亴鞐堨姷雼堧嫟.
攴胳潣 瓿犾毄 瓿勳暯靹滌棎電� 鞐瓣皠 旮半掣旮� $350,000臧� 氇呾嫓霅橃柎 鞛堦碃 須岇偓鞚� 鞐瓣皠 順勱笀 氤措剤鞀� 頂勲攴鸽灗 彀胳棳 鞛愱博, 旆瀯 鞁� 攵�鞐澕 臧�旃橁皜 $800,000鞚� 鞁滉皠 旮半皹 鞝滍暅欤检嫕(RSU)鞚� 3雲� 霃欖晥 毵る厔 氩犾姢韺呺悩電� 順曧儨鞚� 欤检嫕 氤挫儊, 鞐瓣皠 欤检嫕 氤挫儊 雽�靸� 鞛愱博 氚� 鞚茧皹鞝侅澑 瓿犾渼 鞛勳洂 氤惦Μ頉勳儩鞚� 韽暔霅╇媹雼�. "鞝曤嫻頃� 靷湢" 鞐嗢澊 頃搓碃霅� 瓴届毎, 靹滊┐ 氅挫眳 霃欖潣靹滌潣 靹滊獏 氚� 鞝滍暅 臁绊暛 欷�靾橂ゼ 臁瓣贝鞙茧 12臧滌洈 霃欖晥 旮半掣旮夑臣 鞚橂氤错棙鞚� 瓿勳啀 歆�旮夒惄雼堧嫟. 鞝勳泊 瓿犾毄 瓿勳暯靹滊姅 Exhibit 10.1搿� 鞝滌稖霅橃柎 鞛堨姷雼堧嫟.
Sun Country Airlines Holdings a nomm茅 D. Torque Zubeck Senior Vice President et Chief Financial Officer, 脿 compter du 2 septembre 2025, en remplacement du directeur financier par int茅rim Bill Trousdale, qui quittera ses fonctions le 1er septembre 2025. M. Zubeck, 55 ans, apporte plus de 30 ans d'exp茅rience en finance, dont plus de 22 ans 脿 des postes de direction dans des compagnies a茅riennes ; il a r茅cemment 茅t茅 CFO de Mesa Airlines (mars 2021 脿 septembre 2023) et a pass茅 20 ans chez Alaska Airlines, o霉 il a dirig茅 l'int茅gration de Virgin America.
Sa lettre d'embauche pr茅voit un salaire de base annuel de $350,000, l'茅ligibilit茅 au programme annuel de prime en num茅raire de la Soci茅t茅, une attribution d'actions d'accueil d'une valeur 脿 la date d'attribution de $800,000 en unit茅s d'actions restreintes 脿 dur茅e d茅termin茅e, acquises chaque ann茅e sur trois ans, l'茅ligibilit茅 脿 des attributions annuelles d'actions et les avantages habituels des cadres sup茅rieurs. En cas de licenciement sans "Cause", il a droit au maintien du salaire de base et de la couverture sant茅 pendant 12 mois, sous r茅serve de la signature d'une quittance et du respect des clauses restrictives. La lettre d'embauche compl猫te est jointe en tant qu'Exhibit 10.1.
Sun Country Airlines Holdings hat D. Torque Zubeck zum Senior Vice President und Chief Financial Officer ernannt, wirksam zum 2. September 2025. Er ersetzt den interimistischen CFO Bill Trousdale, der zum 1. September 2025 zur眉cktritt. Herr Zubeck, 55 Jahre alt, verf眉gt 眉ber mehr als 30 Jahre Erfahrung im Finanzbereich, davon 眉ber 22 Jahre in F眉hrungspositionen bei Fluggesellschaften; zuletzt war er CFO von Mesa Airlines (M盲rz 2021 bis September 2023) und bekleidete 20 Jahre lang verschiedene Positionen bei Alaska Airlines, wo er die Integration von Virgin America leitete.
Sein Anstellungsvertrag sieht ein j盲hrliches Grundgehalt von $350,000 vor, Anspruch auf das j盲hrliche Barbonusprogramm des Unternehmens, eine Antrittsaktienzuteilung mit einem Zuteilungswert von $800,000 in zeitgebundenen Restricted Stock Units, die 眉ber drei Jahre j盲hrlich vesten, Anspruch auf j盲hrliche Aktienzuteilungen sowie die 眉blichen Vorteile f眉r F眉hrungskr盲fte. Wird er ohne "Cause" entlassen, hat er Anspruch auf Fortzahlung des Grundgehalts und der Krankenversicherung f眉r 12 Monate, vorbehaltlich der Unterzeichnung einer Freistellungserkl盲rung und der Einhaltung wettbewerbs- und geheimhaltungsrechtlicher Beschr盲nkungen. Der vollst盲ndige Anstellungsvertrag ist als Exhibit 10.1 hinterlegt.
FAQ
Who has Sun Country (SNCY) appointed as Chief Financial Officer?
What is the CFOs base salary and sign-on equity at Sun Country (SNCY)?
Will the outgoing interim CFO remain in position after the appointment?
What severance or post-termination benefits does the employment letter provide?
Are there any related-party relationships or reportable transactions involving the new CFO?
