Today is Wednesday, May 16, 2007. This is Leslie Mayo, National Communications Coordinator with a hotline update.
Late this afternoon, APFA submitted a Request for Investigation by the Securities Exchange Commission (SEC) to the Division of Enforcement concerning certain actions of AMR corporate officials.
The letter, addressed to SEC Director Linda Chapman Thomsen, requests a focus by the SEC on ìthe common stock price and volume of common stock traded in relationship to the April 18, 2007, award of common shares as part of the Performance Share Plan (PSP).” The letter states that ìAPFA does not know whether there has been a violation of any kind.” It goes on to say, “However, the data described [in the letter] raises concerns. “
The letter may be read in its entirety along with the attachments and a press statement at www.www.apfa.org.
Please remain on the line for the rest of this week’s hotline.