As filed with the Securities and Exchange Commission on July 26, 2024

Registration No. 333-

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM S-8

REGISTRATION STATEMENT

UNDER THE SECURITIES ACT OF 1933


SKYWEST, INC.

(Exact name of registrant as specified in its charter)

Utah

87-0292166

(State or Other Jurisdiction
of Incorporation or Organization)

(I.R.S. Employer
Identification No.)


444 South River Road

St. George, UT 84790

(435) 634-3000

(Address of Principal Executive Offices)


SKYWEST, INC. 2019 LONG-TERM INCENTIVE PLAN

(Full Title of the Plan)


Robert J. Simmons

Chief Financial Officer

SkyWest, Inc.

444 South River Road

St. George, UT 84790

(435) 634-3000

(Name, Address and Telephone Number, Including Area Code, of Agent for Service)

Copies to:

Craig M. Garner

Kevin C. Reyes

Latham & Watkins LLP

12670 High Bluff Drive

San Diego, CA 92130

(858) 523-5400

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer

Accelerated filer

Non-accelerated filer

Smaller reporting company

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.


EXPLANATORY NOTE

This registration statement on Form S-8 is being filed for the purpose of registering an additional 1,298,000 shares of common stock of SkyWest, Inc. (the “Registrant”) issuable under the SkyWest, Inc. 2019 Long-Term Incentive Plan (the “2019 Plan”). Pursuant to General Instruction E of Form S-8, the contents of the prior registration statements on Form S-8, File No. 333-231379, previously filed with respect to the 2019 Plan are incorporated into this registration statement by reference to the extent not modified or superseded hereby or by any subsequently filed document, which is incorporated by reference herein or therein.

PART I

INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

The documents containing the information specified in Part I of Form S-8 will be sent or given to participants as specified by Rule 428(b)(1) of the Securities Act. These documents and the documents incorporated by reference into this registration statement pursuant to Item 3 of Part II of this registration statement, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.

PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

In this registration statement, SkyWest, Inc. is sometimes referred to as “Registrant,” “we,” “us” or “our.”

Item 3. Incorporation of Documents by Reference.

The Securities and Exchange Commission (“SEC”) allows us to “incorporate by reference” the information we file with them, which means that we can disclose important information to you by referring you to those documents. The information incorporated by reference is considered to be part of this registration statement, and later information filed with the SEC will update and supersede this information. We hereby incorporate by reference into this registration statement the following documents previously filed with the SEC:

(a)The Registrant’s Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on February 15, 2024;
(b)The Registrant’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2024 and June 30, 2024, filed with the SEC on April 26, 2024 and July 26, 2024, respectively;
(c)The Registrant’s Current Reports on Form 8-K filed with the SEC on March 25, 2024 and May 9, 2024.
(d)The description of the Registrant’s common stock contained in the Registrant’s Registration Statement on Form 8-A filed with the SEC on June 15, 1986, including any amendment or report filed for the purpose of updating such description.

In addition, all documents filed by the Registrant pursuant to Section 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) subsequent to the filing of this registration statement and prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which de-registers all securities then remaining unsold shall be deemed to be incorporated by reference into this registration statement and to be a part hereof from the date of filing such documents, except as to specific sections of such statements as set forth therein. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this registration statement to the extent that a statement contained herein or in any other subsequently filed document which also is incorporated or deemed to be incorporated by reference herein modifies or supersedes such statement. Any statement contained herein shall be deemed to be modified or superseded for purposes of this registration statement to the extent that a statement contained in any subsequently filed document which also is incorporated or deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this registration statement.


Under no circumstances shall any information furnished under Item 2.02 or 7.01 of Form 8-K be deemed incorporated herein by reference unless such Form 8-K expressly provides to the contrary.

Item 8. Exhibits.

Exhibit
Number

  

Exhibit Description

  

Incorporated by Reference

  

Filed
Herewith

  

Form

  

File No.

  

Exhibit

  

Filing Date

3.1

  

Restated Articles of Incorporation

  

S-3

333-129831

3.1

11/18/2005

3.2

  

Amended and Restated Bylaws

  

10-K

000-14719

3.2

2/24/2012

4.1

  

Specimen of Common Stock Certificate

  

S-3

333-42508

4.1

7/28/2000

5.1

  

Opinion of Parr Brown Gee & Loveless

  

X

10.1

  

SkyWest, Inc. 2019 Long-Term Incentive Plan+

  

10-Q

000-14719

10.1

7/26/2024

10.2

2019 Long-Term Incentive Plan Form of Restricted Stock Unit Award Agreement+

10-Q

000-14719

10.2

4/26/2024

10.3

2019 Long-Term Incentive Plan Form of Performance Share Award Agreement+

10-Q

000-14719

10.3

4/26/2024

23.1

  

Consent of Ernst & Young, LLP, independent registered public accounting firm

  

X

23.2

  

Consent of Parr Brown Gee & Loveless (included in Exhibit 5.1)

  

X

24.1

  

Power of Attorney (see signature page)

  

X

107

Filing Fee Table

X


+ Indicates management contract or compensatory plan.


SIGNATURES

Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of St. George, State of Utah on July 26, 2024.

SKYWEST, INC.

By:

/s/ Robert J. Simmons

Robert J. Simmons

Chief Financial Officer

Each person whose signature appears below hereby constitutes and appoints Robert J. Simmons and Eric J. Woodward, jointly and severally, his attorneys-in-fact, each with the full power of substitution, for him in any and all capacities, to sign this registration statement, and any amendments thereto (including post-effective amendments), and to file the same, with all exhibits thereto and other documents in connection therewith, with the SEC, hereby ratifying and confirming all that each of said attorneys-in-fact, or his substitute or substitutes, may do or cause to be done by virtue hereof. Pursuant to the requirements of the Securities Act, this registration statement has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

Signature

    

Title

    

Date

/s/ Russell A. Childs

Chief Executive Officer, President
and Director

July 26, 2024

Russell A. Childs

(Principal Executive Officer)

/s/ Robert J. Simmons

Chief Financial Officer

July 26, 2024

Robert J. Simmons

(Principal Financial Officer)

/s/ Eric Woodward

Chief Accounting Officer

July 26, 2024

Eric Woodward

(Principal Accounting Officer)

/s/ James L. Welch

Chairman

July 26, 2024

James L. Welch

/s/ Smita Conjeevaram

Director

July 26, 2024

Smita Conjeevaram

/s/ Derek J. Leathers

Director

July 26, 2024

Derek J. Leathers

/s/ Meredith S. Madden

Director

July 26, 2024

Meredith S. Madden

/s/ Ronald J. Mittelstaedt

Director

July 26, 2024

Ronald J. Mittelstaedt

/s/ Keith E. Smith

Director

July 26, 2024

Keith E. Smith


Exhibit 5.1

July 26, 2024

SkyWest, Inc.

444 South River Road

St. George, Utah 84790

SkyWest, Inc.

Re:

Registration Statement on Form S-8 filed by SkyWest, Inc. (the “Company”) with respect to the SkyWest, Inc. 2019 Long-Term Incentive Plan (the “Plan”)

Ladies and Gentlemen:

We have acted as counsel for SkyWest, Inc., a Utah corporation (the “Company”), in connection with the preparation and filing of the Company’s Registration Statement on Form S-8 (the “Registration Statement”) pursuant to the Securities Act of 1933, as amended (the “Act”), dated on or about the date hereof, relating to the registration of up to an additional 1,298,000 shares of the Company’s common stock, no par value (the “Shares”) that may be issued under the SkyWest, Inc. 2019 Long-Term Incentive Plan (as amended, the “Plan”) pursuant to an amendment to the Plan increasing the number of Shares issuable under the Plan, which amendment was approved by the Company’s Board of Directors at a Board of Directors meeting held on February 6, 2024 and pursuant to written resolutions of the Board of Directors dated July 23, 2024 and by the Company’s shareholders on May 7, 2024.

In reaching the opinions set forth herein, we have examined and are familiar with originals or copies, certified or otherwise identified to our satisfaction, of such documents and records of the Company and such statutes, regulations and other instruments as we deemed necessary or advisable for purposes of this opinion, including (i) the Registration Statement, (ii) certain resolutions adopted by the board of directors of the Company, (iii) the Plan, (iv) the charter documents of the Company and (v) such other certificates, instruments, and documents as we have considered necessary for purposes of this opinion. As to any facts material to our opinions, we have made no independent investigation or verification of such facts and have relied, to the extent that we deem such reliance proper, upon certificates of public officials and officers or other representatives of the Company.

We have assumed (i) the legal capacity of all natural persons, (ii) the genuineness of all signatures, (iii) the authority of all persons signing all documents submitted to us on behalf of the parties to such documents, (iv) the authenticity of all documents submitted to us as originals, (v) the conformity to authentic original documents of all documents submitted to us as copies, (vi) that all information contained in all documents reviewed by us is true, correct and complete, and (vii) that the Shares will be issued in accordance with the terms of the Plan.

Based on the foregoing and subject to the limitations set forth herein, we are of the opinion that when the Shares are issued by the Company and paid for in accordance with the terms of the Plan and the instruments executed pursuant to the Plan, as applicable, the Shares will be validly issued, fully paid and non-assessable.

This opinion is limited in all respects to the (i) the federal laws of the United States and (ii) the Utah Revised Business Corporation Act, as amended (the “URBC”), including all applicable provisions of the Utah Constitution and reported judicial decisions interpreting the URBC, in each case, as such laws exist on the date hereof. We express no opinion as to any other law or any matter other than as expressly set forth above, and no opinion as to any other law or matter may be inferred or implied herefrom. The


opinions expressed herein are rendered as of the date hereof, and we expressly disclaim any obligation to update this letter or advise you of any change in any matter after the date hereof.

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and the reference to this firm therein. In giving this consent, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission.

Very truly yours,

/s/ PARR BROWN GEE & LOVELESS

Parr Brown Gee & Loveless


Exhibit 23.1

Consent of Independent Registered Public Accounting Firm

We consent to the incorporation by reference in the Registration Statement (Form S-8) related to the registration of an additional 1,298,000 shares of common stock of SkyWest, Inc. pertaining to the 2019 Long-Term Incentive Plan (the “2019 Plan”) of SkyWest, Inc. of our reports dated February 15, 2024, with respect to the consolidated financial statements of SkyWest, Inc. and the effectiveness of internal control over financial reporting of SkyWest, Inc. included in its Annual Report (Form 10-K) for the year ended December 31, 2023, filed with the Securities and Exchange Commission.

/s/ Ernst & Young LLP

Salt Lake City, Utah

July 26, 2024


Exhibit 107

CALCULATION OF FILING FEE TABLE

Form S-8

(Form Type)

SkyWest, Inc.

(Exact name of registrant as specified in its charter)

Table 1: Newly Registered Securities

Security
Type

Security
Class
Title

Fee
Calculation
Rule

Amount
Registered
(1)

Proposed
Maximum
Offering
Price Per
Share

Maximum
Aggregate
Offering Price

Fee Rate

Amount of
Registration
Fee

Equity

Common stock, no par value

Rule 457(c) and Rule 457(h)

1,298,000 (2)

$82.53 (3)

$107,123,940 (3)

$147.60 per $1,000,000

$15,811.50

Total Offering Amounts

$107,123,940

$15,811.50

Total Fee Offsets (4)

$0

Net Fee Due

$15,811.50


(1)

Pursuant to Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), this registration statement also registers an indeterminate number of additional shares that may be issued pursuant to the above-named plans as the result of any future stock dividend, stock split, recapitalization or any other similar transaction effected without the receipt of consideration which results in an increase in the number of our outstanding shares of common stock.

(2)

Represents 1,298,000 shares of common stock available for future issuance under the SkyWest, Inc. 2019 Long-Term Incentive Plan (the “2019 Plan”) or that may become issuable under the 2019 Plan pursuant to its terms.

(3)

This estimate is made pursuant to Rule 457(c) and 457(h) of the Securities Act solely for purposes of calculating the registration fee. The maximum offering price per share and the maximum aggregate offering price are based upon the average of the high and low prices of the Registrant's common stock as reported on the Nasdaq Global Select Market on July 19, 2024, which date is within five business days prior to filing this registration statement.

(4)

The Registrant does not have any fee offsets.



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