Form 8-K for GREAT LAKES AVIATION LTD

20-Apr-2004 Other Events

ITEM 5. OTHER EVENTS

Effective April 15, 2004, Great Lakes Aviation, Ltd. terminated James A. Frazier, the company's Vice President of Customer Service, after discovering that Mr. Frazier misappropriated company funds for personal use. The precise amount of funds diverted is still under investigation, but the company believes the amount is not material from the perspective of the company's financial position. The company is not aware of any material accounting irregularities related to Mr. Frazier's activities.

[Home] [About Us] [Contact Us] [Featured City] [Financial] [Ready to Travel?]