SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 18, 2016
UNITED CONTINENTAL HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction
|233 S. Wacker Drive, Chicago, IL||60606|
|(Address of principal executive offices)||(Zip Code)|
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:
|¨||Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)|
|¨||Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)|
|¨||Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))|
|¨||Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))|
|ITEM 8.01.||Other Events.|
On February 18, 2016, following a meeting of the Board of Directors of United Continental Holdings, Inc. (the Company), the Company revised its share repurchase guidance for the first quarter of 2016 and now expects to spend approximately $1.5 billion repurchasing shares during the quarter. The Company previously announced its intention to repurchase at least $750 million of its shares in the first quarter of 2016. The Company now expects to complete its current $3 billion authorization, announced in July 2015, by the second half of 2016, ahead of the Companys original expectation to complete the program by the end of 2017.
Cautionary Note Regarding Forward-Looking Statements
Statements in this Current Report on Form 8-K are forward-looking and thus reflect the Companys current expectations and beliefs with respect to certain current and future events, including regarding the completion of its $3 billion share repurchase program and anticipated repurchase activity in the first quarter of 2016. There can be no assurance that the Company will complete the share repurchases as anticipated. Factors that could cause actual events or results to differ significantly from those described in the forward-looking statements include, but are not limited to, those described in Part I, Item 1A., Risk Factors of the Companys Form 10-K for the year ended December 31, 2015, as well as other risks and uncertainties set forth from time to time in the reports the Company files with the U.S. Securities and Exchange Commission. All forward-looking statements in this report are based upon information available to the Company on the date of this report. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, except as required by applicable law.
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.
|UNITED CONTINENTAL HOLDINGS, INC.|
|By:||/s/ Jennifer L. Kraft|
|Name:||Jennifer L. Kraft|
|Title:||Deputy General Counsel and Corporate Secretary|
Dated: February 18, 2016