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SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
_____________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of earliest event
reported: April 24, 2003
AMR CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 1-8400 75-1825172
(State of Incorporation) ( Commission File Number) (IRS Employer
Identification No.)
4333 Amon Carter Blvd. Fort Worth, Texas 76155
(Address of principal executive offices) (Zip Code)
(817) 963-1234
(Registrant's telephone number)
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Item 5. Other Events
AMR Corporation (the Company) is filing herewith a press release
issued on April 24, 2003 by the Company as Exhibit 99.1 which is
included herein. This press release was issued to report the AMR
Board of Directors accepted the resignation of Donald J. Carty as
CEO and Chairman of the Company and as a director of the Company.
The Board named Edward A. Brennan as Executive Chairman and current
President and COO Gerard J. Arpey as the new Chief Executive
Officer and elected Mr. Arpey as a director of the Company.
Item 7. Financial Statements and Exhibits
The following exhibits are included herein:
99.1 Press Release
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
AMR CORPORATION
/s/ Charles D. MarLett
Charles D. MarLett
Corporate Secretary
Dated: April 25, 2003
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EXHIBIT INDEX
Exhibit Description
99.1 Press Release
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Exhibit 99.1
Contact: Corporate Communications
Fort Worth, Texas
817-967-1577
corp.comm@aa.com
AMR ANNOUNCES NEW LEADERSHIP
DONALD J. CARTY STEPS DOWN AS CEO AND CHAIRMAN
EDWARD A. BRENNAN NAMED EXECUTIVE CHAIRMAN
PRESIDENT AND COO GERARD J. ARPEY APPOINTED AS NEW CEO
FORT WORTH, Texas - The AMR Board of Directors accepted the
resignation of CEO and Chairman Don Carty today. The Board named
Edward A. Brennan as Executive Chairman and current President and
COO Gerard J. Arpey as the new Chief Executive Officer. Arpey
continues as President.
Ed Brennan, on behalf of the AMR Board of Directors, thanked
Don Carty for his years of service and dedication to the company.
They were especially grateful for his stewardship during the most
difficult years in aviation history.
Carty praised his successors and said the appointments of
Brennan and Arpey will "begin to build a bridge back to the path
that promised a new culture of collaboration, cooperation and
trust."
In a statement, the Board of Directors said, "In making these
appointments, we have great confidence in the team of Ed Brennan
and Gerard Arpey."
Ed Brennan, who has served as a member of the AMR Board of
Directors for more than 17 years, has the "breadth of experience
leading and directing some of the most venerable companies in
America and will serve American incredibly well," the Board stated.
-more-
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page 2/AMR ANNOUNCES NEW LEADERSHIP
In appointing Gerard Arpey, the Board noted that, "His
commitment to this company is unwavering. His dedication to its
employees is unsurpassed. And his experience and business acumen in
this industry is unrivaled."
Arpey promised to work to rebuild trust in management
throughout the company and said he looks forward to the value
Brennan's counsel will bring to the company.
First joining American in 1982 as a financial analyst, Arpey
served as chief financial officer of AMR from 1995 to 2000, during
which time the Company experienced strong profitability. He also
led the successful efforts to spin off Sabre from AMR.
And since becoming Chief Operating Officer in 2000, he has
guided the Company's operations out of the depths of the September
11th tragedy to the forefront of industry on-time performance and
reliability.
"I will continue to lead by example," Arpey said. "Actions,
of course, speak louder than words. And you can expect me to
ensure my actions are consistent with the high standards we set for
all employees of American Airlines and American Eagle."
Arpey vowed to do his very best to lead American "through
these extraordinary times" and "restore the confidence of all
employees in their great company."
Carty, 58, has spent more than 20 years at AMR, where he has
served as CEO and Chairman since 1998.
Brennan, 69, is the retired chairman, president and CEO of
Sears, Roebuck and Co. Prior to his retirement from Sears in 1995,
he had been associated with that company for 39 years.
Arpey, 44, has devoted his entire professional career to
American Airlines, where he began as a financial analyst in 1982
and became a corporate officer in 1989. He holds a FAA multi-engine
instrument rating and is an avid private pilot.
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EDITORS' NOTE: DUE TO THE FLUIDITY OF THE CIRCUMSTANCES, MR. ARPEY
WILL MAKE HIMSELF AVAILABLE TO THE MEDIA AT THE APPROPRIATE TIME.