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Board changes at Copa Holdings (NYSE: CPA) after 2026 shareholder meeting

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Copa Holdings, S.A. reported the results of its Annual Shareholders Meeting held at its Panama City headquarters on May 13, 2026. Class A shareholders approved the nomination of Julianne Canavaggio and Manuel Orillac as independent director nominees for two-year terms through the 2028 meeting.

Class B shareholders elected a board that includes Carlos Alberto Motta, Pedro Heilbron, Alvaro Heilbron, Andrew Levy, John Gebo, Makelin Arias, plus independent directors Canavaggio and Orillac, each for two-year terms expiring at the 2028 annual meeting. Shareholders also acknowledged the resignations of independent directors Jose Castañeda and John (Josh) Connor, effective on the meeting date.

Positive

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Meeting date May 13, 2026 Annual Shareholders Meeting held at Panama headquarters
Meeting time ET 4:00 p.m. ET Start time of Annual Shareholders Meeting
Director term length 2 years Terms expire at the 2028 annual shareholders meeting
Annual Shareholders Meeting financial
"held its Annual Shareholders Meeting (the “Meeting”) at Copa Airlines’ headquarters"
An annual shareholders meeting is a yearly gathering where owners of a company review its performance, hear presentations from management, ask questions, and vote on important items such as board members, executive pay, and dividend policies. Think of it as a company town hall where votes and discussions can change leadership, strategy or payouts—outcomes that can directly affect a stock’s future performance and an investor’s rights and returns.
Class A Shareholders financial
"The Class A Shareholders of Copa Holdings, S.A. approved"
Class A shareholders are owners who hold a specific category of a company’s stock that carries particular rights or privileges, commonly relating to voting power, dividend priority, or transferability. Knowing whether shares are Class A matters to investors because it affects influence over corporate decisions and potential returns — like having a premium ticket at an event that gives you better seats or earlier access compared with other ticket types.
Class B Shareholders financial
"The Class B Shareholders of Copa Holdings, S.A. approved"
independent directors financial
"as nominees for election as independent directors of the Company"
Members of a company’s board who do not have significant business, family, or financial ties to the company and are not part of its management; they are chosen to provide impartial oversight of strategy, financial reporting, executive pay and risk. They matter to investors because independent directors act like an objective referee, helping ensure decisions favor shareholders’ long-term interests rather than insiders, which can strengthen trust and reduce the chance of mismanagement or conflicts of interest.
Nominating Committee financial
"as per the recommendation of the Nominating Committee"
A nominating committee is a small group of company directors tasked with finding, evaluating and recommending people to serve on the board. Think of it as a hiring panel that chooses the team responsible for guiding the business and holding management accountable. Investors care because the committee’s choices shape the board’s experience, independence and judgment, which directly affect strategy, oversight, leadership succession and the protection of shareholder interests.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________________________________
FORM 6-K
_______________________________________________
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
Report on Form 6-K dated for the month of May 2026
_______________________________________________
Copa Holdings, S.A.
(Translation of Registrant’s Name Into English)
_______________________________________________
Boulevard Costa del Este, Avenida Principal y Avenida de la Rotonda
Urbanización Costa del Este
Complejo Business Park, Torre Norte
ParqueLefevre
Panama City, Panama
(Address of principal executive offices)
_______________________________________________
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F
x
Form 40-F
o
(Indicate by check whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)
Yes
o
No
x
(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b);82- )



COPA HOLDINGS, S.A. HOLDS ANNUAL SHAREHOLDERS MEETING

Copa Holdings, S.A. (the “Company”), held its Annual Shareholders Meeting (the “Meeting”) at Copa Airlines’ headquarters, located at Boulevard Costa del Este, Avenida Principal y Avenida de la Rotonda, Urbanización Costa del Este, Complejo Business Park, Torre Norte, Parque Lefevre, Panama City, Panama on May 13th, 2026, at 4:00 p.m. ET (3:00 p.m. Local Time).

The proposals approved at this meeting were the following:

The Class A Shareholders of Copa Holdings, S.A. approved:
1.The nomination of Mrs. Julianne Canavaggio and Mr. Manuel Orillac, as per the recommendation of the Nominating Committee, as nominees for election as independent directors of the Company to hold office for a period of two years to expire on the annual shareholders meeting to be held in 2028.

The Class B Shareholders of Copa Holdings, S.A. approved:
1.The election, as per the recommendation of the Nominating Committee, of the following directors, including the independent directors named above: Mr. Carlos Alberto Motta, Mr. Pedro Heilbron, Mr. Alvaro Heilbron, Mr. Andrew Levy, Mr. John Gebo, Mrs. Makelin Arias, Mrs. Julianne Canavaggio, and Mr. Manuel Orillac for a period of 2 years to expire on the annual shareholders meeting to be held in 2028.
2.To take notice of the resignation of Mr. Jose Castañeda and Mr. John Connor (also known as Josh Connor) as independent directors of the Company, effective on the date of the Meeting.


About Copa Holdings
Copa Holdings is a leading Latin American provider of passenger and cargo services. The Company, through its operating subsidiaries, provides service to destinations in North, Central and South America and the Caribbean. For more information visit: www.copaair.com.





SIGNATURES
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.
Copa Holdings, S.A.
(Registrant)
 Date: 5/15/2026
By: /s/ Peter Donkersloot
 Name: Peter Donkersloot
Title: CFO

FAQ

What did Copa Holdings (CPA) announce in its May 2026 Form 6-K?

Copa Holdings reported the results of its Annual Shareholders Meeting held on May 13, 2026. Shareholders elected directors for new two-year terms and acknowledged the resignations of two independent directors effective on the meeting date.

When and where was Copa Holdings’ 2026 Annual Shareholders Meeting held?

The meeting took place on May 13, 2026 at 4:00 p.m. ET (3:00 p.m. local time). It was held at Copa Airlines’ headquarters in the Costa del Este Business Park in Panama City, Panama.

Which new independent directors were approved for Copa Holdings (CPA) in 2026?

Class A shareholders approved Julianne Canavaggio and Manuel Orillac as independent director nominees. They were then elected by Class B shareholders to serve as independent directors for two-year terms expiring at the 2028 annual shareholders meeting.

Which directors were elected by Copa Holdings’ Class B shareholders in 2026?

Class B shareholders elected Carlos Alberto Motta, Pedro Heilbron, Alvaro Heilbron, Andrew Levy, John Gebo, Makelin Arias, and independent directors Julianne Canavaggio and Manuel Orillac. Each was elected for a two-year term ending at the 2028 annual meeting.

Which directors resigned from Copa Holdings’ board at the 2026 meeting?

Shareholders took notice of the resignations of independent directors Jose Castañeda and John Connor, also known as Josh Connor. Their resignations were effective on the date of the Annual Shareholders Meeting, May 13, 2026.

How long are the newly elected Copa Holdings directors’ terms?

The directors elected by Class B shareholders, including the independent directors, will each serve for a period of two years. Their terms are scheduled to expire at the annual shareholders meeting expected to be held in 2028.