Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 26, 2020, SkyWest, Inc. ("SkyWest") announced that Michael B. Thompson, Chief Operating Officer of SkyWest Airlines, Inc., has retired effective October 26, 2020. In connection with his retirement, Mr. Thompson is eligible to receive the following benefits pursuant to a severance and release agreement with SkyWest, subject to his execution of a general release of claims in favor of SkyWest and his compliance with certain restrictive covenants following his retirement: (1) approximately $1.95 million, payable in equal installments over a 24 month period following his date of retirement, consisting of two years' base salary, cash payout of his 2020 annual bonus pursuant to previously established performance targets and cash payout of his 2018 and 2019 restricted stock units and performance shares; and (2) paid health insurance coverage for 24 months or until his subsequent approved re-employment.

The foregoing description of Mr. Thompson's severance and release agreement does not purport to be complete and is qualified in its entirety by the full text of the severance and release agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.





(d) Exhibits.




  Exhibit
   Number                               Title of Document

    10.1         Severance and Release Agreement, dated as of October 26, 2020, by
               and between SkyWest, Inc. and Michael B. Thompson.

    104        Cover Page Interactive Data File (formatted in Inline XBRL and
               contained in Exhibit 101)

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