<SEC-DOCUMENT>0001414734-20-000008.txt : 20200527
<SEC-HEADER>0001414734-20-000008.hdr.sgml : 20200527
<ACCEPTANCE-DATETIME>20200527135640
ACCESSION NUMBER:		0001414734-20-000008
CONFORMED SUBMISSION TYPE:	PX14A6G
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20200527
DATE AS OF CHANGE:		20200527
EFFECTIVENESS DATE:		20200527

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DELTA AIR LINES, INC.
		CENTRAL INDEX KEY:			0000027904
		STANDARD INDUSTRIAL CLASSIFICATION:	AIR TRANSPORTATION, SCHEDULED [4512]
		IRS NUMBER:				580218548
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		PX14A6G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05424
		FILM NUMBER:		20914617

	BUSINESS ADDRESS:	
		STREET 1:		HARTSFIELD-JACKSON ATLANTA INTL AIRPORT
		STREET 2:		1030 DELTA BOULEVARD
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30354-1989
		BUSINESS PHONE:		4047152600

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 20706
		STREET 2:		DEPT 981
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30320-6001

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DELTA AIR LINES INC /DE/
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DELTA AIR CORP
		DATE OF NAME CHANGE:	19660908

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SEIU Pension Plans Master Trust
		CENTRAL INDEX KEY:			0001414734
		IRS NUMBER:				566680924
		STATE OF INCORPORATION:			DC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		PX14A6G

	BUSINESS ADDRESS:	
		STREET 1:		1800 MASSACHUSETTS AVENUE, NW
		STREET 2:		SUITE 301
		CITY:			WASHINGTON
		STATE:			DC
		ZIP:			20036
		BUSINESS PHONE:		202-730-7542

	MAIL ADDRESS:	
		STREET 1:		1800 MASSACHUSETTS AVENUE, NW
		STREET 2:		SUITE 301
		CITY:			WASHINGTON
		STATE:			DC
		ZIP:			20036

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SEIU Pension Plan Master Trust
		DATE OF NAME CHANGE:	20071010
</SEC-HEADER>
<DOCUMENT>
<TYPE>PX14A6G
<SEQUENCE>1
<FILENAME>seiu20deltashltr.htm
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman">SECURITIES &amp; EXCHANGE COMMISSION</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman">WASHINGTON, D.C.&nbsp;&nbsp; 20549</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman">NOTICE OF EXEMPT SOLICITATION (VOLUNTARY SUBMISSION)</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman">NAME OF REGISTRANT:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman"> Delta Air Lines, Inc. </FONT></P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman">NAME OF PERSON RELYING ON EXEMPTION:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman"> SEIU Pension Plans Master Trust</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman">ADDRESS OF PERSON RELYING ON EXEMPTION:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman"> 1800 Massachusetts Avenue, N.W., Washington, D.C.&nbsp;&nbsp; 20036</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=#1a1a1a face="times new roman">Written materials are submitted pursuant to Rule 14a-6(g)(1) promulgated under the Securities Exchange Act of 1934:</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=#1a1a1a face="times new roman">______________________________________________________________________________</FONT></B></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif>May 26,2020&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif>Dear Delta Airlines Shareholders,<BR><BR></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif>We are writing to urge you to </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 11pt; TEXT-TRANSFORM: uppercase" color=black face=arial,sans-serif>support</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif> PROPOSAL 7 to </FONT></B><B><U><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif>strengthen Delta&#8217;s board oversight to prevent workplace sexual harassment</FONT></U></B><B><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif> at the Annual Meeting on June 18.</FONT></B></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif>The proposal requests that the Board of Directors take action to strengthen </FONT><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif>Delta&#8217;s</FONT><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif> prevention of workplace sexual harassment by formalizing the Board's oversight responsibility, aligning its senior executive compensation incentives, reviewing (and if necessary, overseeing revision of) company policies, and reporting to shareholders on actions taken.&nbsp; </FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif>Board Oversight of Sexual Harassment Protects Long-Term Shareholder Value</FONT></B></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif>The #MeToo era has highlighted the importance of board oversight of sexual harassment issues, as numerous companies have seen reputational damage and shareholder value loss in the wake of public allegations. Sexual harassment claims involving public figures like Bill O&#8217;Reilly, Steve Wynn, Les Moonves and Travis Kalanick have highlighted the prevalence of harassment and its impact. </FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif>The proportion of Americans who believe that sexual harassment in the workplace is a serious problem increased from 47% in 2011 to 64% in 2017.</FONT><SUP><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif>1</FONT></SUP><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif> New York, Maryland, Vermont and Washington have passed new laws that, among other things, bar mandatory arbitration of sexual harassment claims.</FONT><SUP><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif>2</FONT></SUP><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif> One hundred twenty-five laws were </FONT><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif>introduced in 2018 in 32 legislatures on the subject of sexual harassment in the legislature itself.</FONT><FONT lang=EN-US style="FONT-SIZE: 11.5pt" color=black face=arial,sans-serif> </FONT><FONT lang=EN-US style="FONT-SIZE: 11.5pt; BACKGROUND: white" color=black face=arial,sans-serif>In 2019, 29 states have introduced over 100 pieces of similar legislation.</FONT><SUP><FONT lang=EN-US style="FONT-SIZE: 11.5pt; BACKGROUND: white" color=black face=arial,sans-serif>3</FONT></SUP></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif>Sexual harassment has potential for significant legal, human capital, and reputational costs for companies. </FONT><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif>Workplace sexual harassment may harm corporate reputation, which can alienate consumers. A study reported in the Harvard Business Review found that a single sexual harassment claim makes a company seem less equitable and that sexual harassment, more than financial misconduct, is perceived as evidence of a problematic corporate culture.</FONT><SUP><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif>4</FONT></SUP><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif> Companies whose corporate culture tolerates sexual harassment tend to have higher turnover and less productive employees. The Center for American Progress estimates median turnover costs at 21% of an employee&#8217;s annual salary.</FONT><SUP><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif>5</FONT></SUP><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif> Productivity can fall due to absenteeism, lower motivation, greater conflict and avoiding interaction with harassers.</FONT><SUP><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif>6</FONT></SUP><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif> &nbsp;Allegations of sexual harassment can also lead to </FONT></P>

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<FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif>declines in share value. For example, the market capitalization of Wynn Resorts dropped by $3 billion over two days after allegations of sexual harassment against CEO Steve Wynn surfaced.</FONT><SUP><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif>7</FONT></SUP><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif>&nbsp;</FONT>

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<H1 style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: super; FONT-WEIGHT: normal" face=arial,sans-serif>1</FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: 0px; FONT-WEIGHT: normal" face=arial,sans-serif> </FONT><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal" face=arial,sans-serif>&nbsp;</FONT><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal" face=calibri,sans-serif>&#8220;Washington Post-ABC News poll Oct. 11-15, 2017&#8221;, <I>The Washington Post</I>, </FONT><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none; FONT-WEIGHT: normal" color=windowtext face=calibri,sans-serif>http://apps.washingtonpost.com/g/page/politics/washington-post-abc-news-poll-oct-11-15-2017/2249/</FONT><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal" face=calibri,sans-serif>&nbsp;&nbsp; </FONT></H1><FONT lang=EN-US></FONT></DIV>

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<H4 style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: super; FONT-WEIGHT: normal; FONT-STYLE: normal" color=black face=calibri,sans-serif>2</FONT></B><B><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=#2e74b5 face=calibri,sans-serif> </FONT></B><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal" color=windowtext face=calibri,sans-serif>&#8220;#MeToo Inspires Legislative Changes Across the United States&#8221;, March 28, 2019, </FONT><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=calibri,sans-serif>JDSupra</FONT><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; FONT-STYLE: normal" color=windowtext face=calibri,sans-serif>, Seyfarth Shaw LLP</FONT><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=calibri,sans-serif>,</FONT></H4><FONT lang=EN-US></FONT>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Calibri,sans-serif>&nbsp;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=blue face=Calibri,sans-serif>https://www.jdsupra.com/legalnews/metoo-inspires-legislative-changes-59279/</FONT></P><FONT lang=EN-US></FONT></DIV>

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<H1 style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: super; FONT-WEIGHT: normal" face=calibri,sans-serif>3</FONT><FONT style="BORDER-TOP: windowtext 1pt; BORDER-RIGHT: windowtext 1pt; BORDER-BOTTOM: windowtext 1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; BORDER-LEFT: windowtext 1pt; PADDING-RIGHT: 0in" color=black face=calibri,sans-serif><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: 0px; FONT-WEIGHT: normal" color=black face=calibri,sans-serif> &#8220;Legislation on Sexual Harassment in the Legislature&#8221;, <I>National Conference of State Legislatures</I>, February 11, 2019</FONT></FONT></H1><FONT lang=EN-US></FONT>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Calibri,sans-serif>&nbsp;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=blue face=Calibri,sans-serif>https://www.ncsl.org/research/about-state-legislatures/2018-legislative-sexual-harassment-legislation.aspx</FONT></P><FONT lang=EN-US></FONT></DIV>

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<H1 style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: super" color=black face=arial,sans-serif>4</FONT></B><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif> </FONT><FONT style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>&#8220;</FONT><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal; LETTER-SPACING: -0.2pt" color=black face=calibri,sans-serif>Research: How Sexual Harassment Affects a Company&#8217;s Public Image&#8221;, June 11, 2018, <I>Harvard Business Review</I>,</FONT></H1><FONT lang=EN-US></FONT>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#0033cc face=Calibri,sans-serif>https://hbr.org/2018/06/research-how-sexual-harassment-affects-a-companys-public-image</FONT></P><FONT lang=EN-US></FONT></DIV>

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<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; VERTICAL-ALIGN: super" color=black face=arial,sans-serif>5</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>&#8220;There Are Significant Business Costs to Replacing Employees&#8221;, November 16, 2012, <I>Center for American Progress</I>, </FONT></P><FONT lang=EN-US></FONT>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#0033cc face=Calibri,sans-serif>https://www.americanprogress.org/wp-content/uploads/2012/11/CostofTurnover.pdf </FONT></P><FONT lang=EN-US></FONT></DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; VERTICAL-ALIGN: super" color=black face=arial,sans-serif>6</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif>&#8220;Briefing Paper, Access to Good Jobs, Health &amp; Well-Being, Pay Equity &amp; Discrimination, Violence and Safety&#8221;, October 15, 2018, <I>Institute for Women&#8217;s Policy Research</I>, </FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#0033cc face=Calibri,sans-serif>https://iwpr.org/publications/sexual-harassment-work-cost/</FONT></U></P><FONT lang=EN-US></FONT></DIV></DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif>Many investors view sexual harassment as a potential sign of broader human capital management and corporate culture issues that warrant board attention. A coalition of trustees from long-term institutional investors with combined assets of more than $635 billion has come together to create and promote</FONT><FONT lang=EN-US style="FONT-SIZE: 11pt" color=#212529 face=arial,sans-serif> </FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; BACKGROUND: white" color=black face=arial,sans-serif>the Trustees United Principles concerning sexual harassment in portfolio companies, in order to mitigate and reduce future risks that could damage long-term value creation</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; BACKGROUND: white" color=black face=arial,sans-serif>.</FONT><SUP><FONT lang=EN-US style="FONT-SIZE: 11pt; BACKGROUND: white" color=black face=arial,sans-serif>8</FONT></SUP></P>

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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face=arial,sans-serif>Sexual Harassment is a Human Capital and Passenger Safety Issue for Delta</FONT></B></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif>Greater board oversight of workplace harassment ensures effective risk management of a key asset of the company. Delta&#8217;s in-flight service group constitutes 25.2% of its workforce, Delta&#8217;s second largest operational division. According to a survey of 29 airlines, nearly 70% of flight attendants have been sexually harassed while at work.</FONT><SUP><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif>9</FONT></SUP><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif> </FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif>Robust oversight of sexual harassment is especially important for the airline industry, where the rise in in-flight occurrences risks both passenger and employee safety. The FBI in 2018 issued a warning that that reports of sexual assault on flights increased &#8220;at an alarming rate&#8221; of 66 percent between 2014 and 2017.</FONT><SUP><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif>10</FONT></SUP><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif> Not only are flight attendants the subject of harassment, but they are also often the first responders, with o</FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; BACKGROUND: white" color=black face=arial,sans-serif>ne out of five flight attendants reporting to have had passengers report an incident of sexual assault while they were working a flight.</FONT><SUP><FONT lang=EN-US style="FONT-SIZE: 11pt; BACKGROUND: white" color=black face=arial,sans-serif>11</FONT></SUP><FONT lang=EN-US style="FONT-SIZE: 11pt; BACKGROUND: white" color=black face=arial,sans-serif> The report of a Congressional Task Force established in 2019 to address in-flight sexual misconduct noted numerous deficiencies in airline policies on awareness raising, training, data collection and incident reporting that were deemed to be important in protecting employees and passengers.</FONT><SUP><FONT lang=EN-US style="FONT-SIZE: 11pt; BACKGROUND: white" color=black face=arial,sans-serif>12</FONT></SUP><FONT lang=EN-US style="FONT-SIZE: 11pt; BACKGROUND: white" color=black face=arial,sans-serif> Legislation has been introduced requiring airlines to establish formal policies, training, and reporting structures regarding sexual assault and harassment.</FONT><SUP><FONT lang=EN-US style="FONT-SIZE: 11pt; BACKGROUND: white" color=black face=arial,sans-serif>13</FONT></SUP></P>

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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif>Delta&#8217;s Board is Not Sufficiently Involved in Preventing Sexual Harassment </FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#003366 face=arial,sans-serif></FONT>&nbsp;</P>

<P style="LINE-HEIGHT: 14pt"><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=black face=arial,sans-serif>Delta&#8217;s board can play a key role in preventing and remedying sexual harassment by setting the appropriate &#8220;tone-at-the-top&#8221;. Neither Delta&#8217;s corporate governance guidelines nor any board committee charter assigns responsibility specifically for managing and mitigating risks related to sexual harassment. Although the Audit Committee is responsible for the oversight of the company&#8217;s Code of Conduct, it is unclear as to how frequently the Committee reviews Delta&#8217;s harassment related complaints and allegations, nor the process by which issues may be escalated to the full Board. &nbsp;Further most of the policies and procedures noted by the company in its opposition statement describe management&#8217;s role in responding to sexual harassment.&nbsp; This proposal is focused on the Board&#8217;s role as it related to providing oversight over management and the company&#8217;s risk mitigation practices. </FONT></P>

<P style="LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=black face=arial,sans-serif>As noted in our proposal, while Delta&#8217;s incentive plan metrics influence payouts related to front-line employees under the company&#8217;s profit-sharing plans, the metrics used for incentive compensation do not include evaluations of ethical behavior or contributions to corporate culture. Delta&#8217;s most recent Corporate Responsibility Report from 2018 makes no reference to sexual harassment, despite highlighting Delta&#8217;s workplace safety record and the importance </FONT>


<FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=black face=arial,sans-serif>of Delta&#8217;s &#8220;people-focused&#8221; culture. &nbsp;Lastly, although the company&#8217;s clawback covers &#8220;misconduct,&#8221; in order for recoupment to take place, the policy also requires a financial restatement, an event that is highly unlikely to be triggered in the event of a sexual harassment allegation, but could nonetheless warrant recoupment depending on the circumstances. &nbsp;</FONT></P>

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<H1 style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: super; FONT-WEIGHT: normal" color=black face=calibri,sans-serif>7</FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: 0px; FONT-WEIGHT: normal" color=black face=calibri,sans-serif> &#8220;Wynn Resorts Is the Biggest Test for Investors&#8217; Tolerance&#8221;, January 29, 2018, <I>The Wall Street Journal</I>, https://www.wsj.com/articles/wynn-resorts-is-the-biggest-test-for-investors-1517248977</FONT></H1><FONT lang=EN-US></FONT></DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; VERTICAL-ALIGN: super" color=black face=calibri,sans-serif>8</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#0033cc face=Calibri,sans-serif>https://www.trusteesunited.com</FONT></P><FONT lang=EN-US></FONT></DIV>

<DIV id=ftn9><FONT lang=EN-US></FONT>

<H1 style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: super; FONT-WEIGHT: normal" color=black face=calibri,sans-serif>9</FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: 0px; FONT-WEIGHT: normal" color=black face=calibri,sans-serif> &#8220;#MeToo in the Air&#8221;, <I>Association of Flight Attendants-CWA, AFL-CIO</I>,</FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: 0px; FONT-WEIGHT: normal" color=#0033cc face=calibri,sans-serif> </FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: 0px; FONT-WEIGHT: normal" color=#0033cc face=calibri,sans-serif>https://www.afacwa.org/metoo</FONT></H1><FONT lang=EN-US></FONT></DIV>

<DIV id=ftn10><FONT lang=EN-US></FONT>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; VERTICAL-ALIGN: super" color=black face=calibri,sans-serif>10</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif> Javier De Diego, et. al, &#8220;FBI: Sexual Assaults on Flights Increasing&nbsp;&nbsp; &#8216;at an alarming rate&#8217;, CNN.com, June 20, 2018, </FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#0033cc face=Calibri,sans-serif>https://www.cnn.com/2018/06/20/politics/fbi-airplane-sexual-assault/index.html</FONT></U></P><FONT lang=EN-US></FONT></DIV>

<DIV id=ftn11><FONT lang=EN-US></FONT>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; VERTICAL-ALIGN: super" color=black face=calibri,sans-serif>11</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Calibri,sans-serif> &#8220;#MeToo in the Air&#8221;, <I>Association of Flight Attendants-CWA, AFL-CIO</I>, </FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#0033cc face=Calibri,sans-serif>https://www.afacwa.org/metoo</FONT></U></P><FONT lang=EN-US></FONT></DIV>

<DIV id=ftn12><FONT lang=EN-US></FONT>

<H1 style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: super; FONT-WEIGHT: normal" color=black face=arial,sans-serif>12</FONT><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=black face=arial,sans-serif> &#8220;</FONT><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal" face=calibri,sans-serif>A Report on Sexual Misconduct on Commercial Flights by the National In-Flight Sexual Misconduct Task Force&#8221;, submitted March 16, 2020</FONT><FONT style="FONT-SIZE: 10pt" face=calibri,sans-serif>,</FONT><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal" face=calibri,sans-serif> </FONT><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=blue face=calibri,sans-serif>https://www.transportation.gov/individuals/aviation-consumer-protection/report-sexual-misconduct-commercial-flights-national</FONT></H1><FONT lang=EN-US></FONT></DIV>

<DIV id=ftn13><FONT lang=EN-US></FONT>

<H1 style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: super; FONT-WEIGHT: normal" face=calibri,sans-serif>13</FONT><FONT style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif> </FONT><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=black face=calibri,sans-serif>&#8220;Chair Defazio Introduces Legislation to Address Sexual Assault and Harassment in Passenger Transportation&#8221;, November 18, 2019,&nbsp;</FONT><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=blue face=calibri,sans-serif>https://defazio.house.gov/media-center/press-releases/chair-defazio-introduces-legislation-to-address-sexual-assault-and</FONT></H1><FONT lang=EN-US></FONT></DIV></DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#003366 face=arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif>The proposal&#8217;s requests are not prescriptive&#8212;they are drawn from guidance on managing sexual harassment risk issued by the Council of Institutional Investors</FONT><SUP><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif>14</FONT></SUP><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif> and </FONT><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif>Institutional Shareholder Services</FONT><SUP><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif>15</FONT></SUP><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif> and do not prescribe the adoption of any specific policy language &#8211; instead, the goal is to ensure the Delta Board plays an active role in several areas critical to sexual harassment risk oversight</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face=arial,sans-serif> and policies</FONT><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif>.&nbsp; </FONT></P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif>Please </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 11pt; TEXT-TRANSFORM: uppercase" face=arial,sans-serif>support</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif> PROPOSAL 7 to </FONT></B><B><U><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif>strengthen the Board&#8217;s oversight to prevent workplace sexual harassment</FONT></U></B><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif> at the Annual Meeting on June 18.</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=arial,sans-serif>Sincerely, </FONT></P>

<P style="MARGIN: 0in 0in 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT></I></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt">
<IMG id=Picture1 src="x20052710412501.jpg" width=156 height=31>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT></I></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif>Arun Ivatury</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=arial,sans-serif>Trustee, SEIU Pension Plans Master Trust </FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; VERTICAL-ALIGN: super" face=calibri,sans-serif>14</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face=Calibri,sans-serif> &#8220;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Calibri,sans-serif>How Corporate Boards Can Combat Sexual Harassment:&nbsp; Recommendations and Resources for Directors and Investors&#8221;, March 2018, <I>Council of Institutional Investors</I>, </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=blue face=Calibri,sans-serif>https://www.cii.org/files/publications/misc/03_01_18_corporate_boards_sexual_harassment.pdf</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Calibri,sans-serif>. </FONT></P><FONT lang=EN-US></FONT></DIV>

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<H1 style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: super; FONT-WEIGHT: normal" face=calibri,sans-serif>15</FONT><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: 0px; FONT-WEIGHT: normal" face=calibri,sans-serif> </FONT><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal" face=calibri,sans-serif>&#8220;Effective Sexual Misconduct Risk Management,&#8221; February 16, 2018, <I>Harvard Law School Forum on Corporate Governance and Financial Regulation</I>, </FONT><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=blue face=calibri,sans-serif>https://corpgov.law.harvard.edu/2018/02/16/effective-sexual-misconduct-risk-management/</FONT><FONT style="FONT-SIZE: 10pt; FONT-WEIGHT: normal" face=calibri,sans-serif> </FONT></H1><FONT lang=EN-US></FONT>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
