Alaska Airlines and Horizon Air 2013 Annual Report Download - page 6

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ALASKA AIR GROUP, INC.
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT
TABLE OF CONTENTS
GENERAL INFORMATION
Annual Meeting Information ......................................................... 1
Questions and Answers about the Annual Meeting ....................................... 1
PROPOSALS TO BE VOTED ON
Proposal 1: Election of Directors to One-Year Terms ..................................... 11
Proposal 2: Ratification of the Appointment of the Company’s Independent Accountants ......... 16
Proposal 3: Advisory Vote Regarding the Compensation of the Company’s Named Executive Officers . .
16
Proposal 4: Adoption and Approval of Amendment to the Certificate of Incorporation to Authorize
Additional Common Stock ........................................................ 18
Proposal 5: Adoption and Approval of Amendment to the Certificate of Incorporation to Reduce Par
Value ........................................................................ 21
Proposal 6: Stockholder Proposal Regarding an Independent Chair Policy ..................... 22
CORPORATE GOVERNANCE
Structure of the Board of Directors ................................................... 27
Director Independence ............................................................ 31
Director Nomination Policy .......................................................... 32
Board Leadership ................................................................ 36
Executive Sessions and Lead Director ................................................ 37
Risk Oversight ................................................................... 37
Code of Conduct and Ethics ........................................................ 38
Certain Relationships and Related Transactions ......................................... 38
Stockholder Communication Policy ................................................... 40
AUDIT COMMITTEE MATTERS
Independent Registered Public Accountants ............................................ 41
Audit Committee Report ........................................................... 42
DIRECTOR COMPENSATION
2013 Director Compensation ....................................................... 44
Director Stock Ownership Policy ..................................................... 45
EXECUTIVE COMPENSATION
Compensation Discussion and Analysis ............................................... 46
Compensation and Leadership Development Committee Report ............................ 62
Compensation and Leadership Development Committee Interlocks and Insider Participation ...... 62
2013 Summary Compensation Table ................................................. 63
2013 Grants of Plan-Based Awards ................................................... 66
2013 Outstanding Equity at Fiscal Year End ............................................ 67
2013 Options Exercised and Stock Vested ............................................. 68
Pension and Other Retirement Plans .................................................. 69
2013 Nonqualified Deferred Compensation ............................................ 71
Potential Payments Upon Change in Control and Termination .............................. 72
SECURITIES OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
Security Ownership of Management .................................................. 75
Beneficial Owners of 5% or More ..................................................... 76
Section 16(a) Beneficial Ownership Reporting Compliance ................................. 77