UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: June 10, 2003
(Date of earliest event reported)
UAL CORPORATION
(Exact name of registrant as specified in its charter)
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File Number) |
Identification No.) |
1200 East Algonquin Road, Elk Grove Township, Illinois
60007
(Address of principal executive offices)
(847) 700-4000
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last
report)
Item 5. Other Events
This week, UAL Corporation is beginning to present its
updated business plan to its Board of Directors, Creditors' Committee and
potential sources of exit financing. In connection with the development
of this business plan and the Company's preparation for exit, based on
numerous factors, including the competing claims of the Company's constituencies
against UAL and its bankruptcy estates, the Company has concluded that
its assets will be insufficient to permit any meaningful distribution to
its equity holders. In light of this conclusion, the Company believes that
its equity securities have little or no value and it is highly likely that
the equity in UAL will be canceled under any plan of reorganization proposed
by the Company.
SIGNATURES
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.
| UAL CORPORATION | |
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By:
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/s/ Francesca M. Maher______ |
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Name:
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Francesca M. Maher |
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Title:
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Senior Vice President, |
| General Counsel and Secretary |
Dated: June 10, 2003