{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-07-12T10:26:42.880159+00:00","company":{"ticker":"LUV","cik":92380,"company_name":"SOUTHWEST AIRLINES CO"},"pagination":{"limit":100,"returned":70,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer","counterparties":{"lender":[{"display_name":"BNP Paribas","detail":"term_loan","count":2,"first_seen":"2026-03-12T23:59:59+00:00","last_seen":"2026-05-19T20:30:55+00:00","evidence_fact_ids":[32066,54934]},{"display_name":"syndicate of lenders","detail":"revolving_credit","count":1,"first_seen":"2023-08-04T23:59:59+00:00","last_seen":"2023-08-04T23:59:59+00:00","evidence_fact_ids":[123721]}]},"facts":[{"fact_type":"debt_financing","fact_key":"6362e64d6962188e9d1a40e3df0b0ba3602e4b93","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2026-05-19T20:30:55+00:00","payload":{"counterparty":"BNP Paribas","effective_date":"2026-05-19","event":"incurrence","instrument_type":"term_loan","interest_rate_text":"same interest rates described in the Original Credit Agreement","item_codes_triggered":["2.03"],"maturity_text":"March 11, 2029","principal_text":"$1.0 billion"},"claim":"SOUTHWEST AIRLINES CO incurred term loan of $1.0 billion with BNP Paribas at same interest rates described in the Original Credit Agreement maturing March 11, 2029.","evidence_excerpt":"provides for the extension of additional credit to the Company in the form of incremental term loans in an aggregate principal amount equal to $1.0 billion","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-26-230895","anchor_url":"https://secwatch.observer/filing/0001193125-26-230895#claim-6362e64d6962188e9d1a40e3df0b0ba3602e4b93","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000119312526230895/0001193125-26-230895-index.htm"},{"fact_type":"shareholder_vote","fact_key":"65a0ea9dbdc54149d54f610bdbf36c7d6840ee69","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2026-05-11T20:24:00+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-05-07","outcome":"passed","proposal_text":"Ratify the selection of Ernst & Young LLP as the Company's independent auditors for the fiscal year ending December 31, 2026","proposal_type":"auditor_ratification","results":[{"broker_non_votes":"0","subject":null,"votes_abstain":"1,077,990","votes_against":"10,943,832","votes_for":"430,433,346","votes_withheld":null}]},"claim":"SOUTHWEST AIRLINES CO shareholders approved Ratify the selection of Ernst & Young LLP as the Company's independent auditors for the fiscal year ending December 31, 2026 at the 2026-05-07 meeting.","evidence_excerpt":"3. Proposal 3 – A proposal to ratify the selection of Ernst & Young LLP as the Company’s independent auditors for the fiscal year ending December 31, 2026: VOTES FOR VOTES AGAINST ABSTENTIONS BROKER NON-VOTES 430,433,346 10,943,832 1,077,990 0","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000092380-26-000050","anchor_url":"https://secwatch.observer/filing/0000092380-26-000050#claim-65a0ea9dbdc54149d54f610bdbf36c7d6840ee69","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238026000050/0000092380-26-000050-index.htm"},{"fact_type":"shareholder_vote","fact_key":"75cb36c9fd247d9358a6b88cf3067a7197edfc71","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2026-05-11T20:24:00+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-05-07","outcome":"passed","proposal_text":"Advisory (non-binding) vote to approve the compensation of the Company's named executive officers","proposal_type":"say_on_pay","results":[{"broker_non_votes":"62,994,310","subject":null,"votes_abstain":"1,625,281","votes_against":"13,450,799","votes_for":"364,384,778","votes_withheld":null}]},"claim":"SOUTHWEST AIRLINES CO shareholders approved Advisory (non-binding) vote to approve the compensation of the Company's named executive officers at the 2026-05-07 meeting.","evidence_excerpt":"2. Proposal 2 – An advisory (non-binding) vote to approve the compensation of the Company’s named executive officers: VOTES FOR VOTES AGAINST ABSTENTIONS BROKER NON-VOTES 364,384,778 13,450,799 1,625,281 62,994,310","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000092380-26-000050","anchor_url":"https://secwatch.observer/filing/0000092380-26-000050#claim-75cb36c9fd247d9358a6b88cf3067a7197edfc71","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238026000050/0000092380-26-000050-index.htm"},{"fact_type":"shareholder_vote","fact_key":"84fbc2f2f8939e348185d124ffdc35549c14d9f0","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2026-05-11T20:24:00+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-05-07","outcome":"passed","proposal_text":"Election of eleven Directors for terms expiring at the 2027 Annual Meeting of Shareholders","proposal_type":"director_election","results":[{"broker_non_votes":"62,994,310","subject":"Lisa M. Atherton","votes_abstain":"566,052","votes_against":"34,136,329","votes_for":"344,758,477","votes_withheld":null},{"broker_non_votes":"62,994,310","subject":"Pierre R. Breber","votes_abstain":"591,421","votes_against":"7,870,553","votes_for":"370,998,884","votes_withheld":null},{"broker_non_votes":"62,994,310","subject":"Douglas H. Brooks","votes_abstain":"602,408","votes_against":"17,194,293","votes_for":"361,664,157","votes_withheld":null},{"broker_non_votes":"62,994,310","subject":"Sarah E. Feinberg","votes_abstain":"709,118","votes_against":"19,751,763","votes_for":"358,999,977","votes_withheld":null},{"broker_non_votes":"62,994,310","subject":"Robert L. Fornaro","votes_abstain":"497,975","votes_against":"12,042,125","votes_for":"366,920,758","votes_withheld":null},{"broker_non_votes":"62,994,310","subject":"Rakesh Gangwal","votes_abstain":"598,363","votes_against":"34,474,149","votes_for":"344,388,346","votes_withheld":null},{"broker_non_votes":"62,994,310","subject":"David J. Grissen","votes_abstain":"562,027","votes_against":"7,451,577","votes_for":"371,447,254","votes_withheld":null},{"broker_non_votes":"62,994,310","subject":"David P. Hess","votes_abstain":"714,161","votes_against":"12,466,256","votes_for":"366,280,441","votes_withheld":null},{"broker_non_votes":"62,994,310","subject":"Robert E. Jordan","votes_abstain":"558,984","votes_against":"11,703,974","votes_for":"367,197,900","votes_withheld":null},{"broker_non_votes":"62,994,310","subject":"Christopher P. Reynolds","votes_abstain":"2,960,452","votes_against":"145,944,626","votes_for":"230,555,780","votes_withheld":null},{"broker_non_votes":"62,994,310","subject":"Patricia A. Watson","votes_abstain":"601,586","votes_against":"29,321,846","votes_for":"349,537,426","votes_withheld":null}]},"claim":"SOUTHWEST AIRLINES CO shareholders approved Election of eleven Directors for terms expiring at the 2027 Annual Meeting of Shareholders at the 2026-05-07 meeting.","evidence_excerpt":"1. Proposal 1 – Election of eleven Directors for terms expiring at the 2027 Annual Meeting of Shareholders: NOMINEE VOTES FOR VOTES AGAINST ABSTENTIONS BROKER NON-VOTES Lisa M. Atherton 344,758,477 34,136,329 566,052 62,994,310 Pierre R. Breber 370,998,884 7,870,553 591,421 62,994,310 Douglas H. Brooks 361,664,157 17,194,293 602,408 62,994,310 Sarah E. Feinberg 358,999,977 19,751,763 709,118 62,994,310 Robert L. Fornaro 366,920,758 12,042,125 497,975 62,994,310 Rakesh Gangwal 344,388,346 34,474,149 598,363 62,994,310 David J. Grissen 371,447,254 7,451,577 562,027 62,994,310 David P. Hess 366,280,441 12,466,256 714,161 62,994,310 Robert E. Jordan 367,197,900 11,703,974 558,984 62,994,310 Christopher P. Reynolds 230,555,780 145,944,626 2,960,452 62,994,310 Patricia A. Watson 349,537,426 29,321,846 601,586 62,994,310","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000092380-26-000050","anchor_url":"https://secwatch.observer/filing/0000092380-26-000050#claim-84fbc2f2f8939e348185d124ffdc35549c14d9f0","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238026000050/0000092380-26-000050-index.htm"},{"fact_type":"earnings_release","fact_key":"11c9dde5ad780af33d50cecf60129a32cd01d78d","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2026-04-22T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"reaffirmed","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"first quarter 2026","report_date":"2026-04-22","result_type":"reported_results","revenue_text":null},"claim":"SOUTHWEST AIRLINES CO updated its first quarter 2026 guidance (reaffirmed).","evidence_excerpt":"On April 22, 2026, the Registrant issued a press release (the \"Earnings Press Release\") announcing its financial results for first quarter 2026. The Earnings Press Release is furnished herewith as Exhibit 99.1 and is incorporated by reference into this Item 2.02.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000092380-26-000044","anchor_url":"https://secwatch.observer/filing/0000092380-26-000044#claim-11c9dde5ad780af33d50cecf60129a32cd01d78d","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238026000044/0000092380-26-000044-index.htm"},{"fact_type":"debt_financing","fact_key":"1be0eda73ad3ed223b9449042bdad7c5b7f7aa3c","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2026-03-12T23:59:59+00:00","payload":{"counterparty":"BNP Paribas","effective_date":"2026-03-11","event":"incurrence","instrument_type":"term_loan","interest_rate_text":"Term SOFR plus 1.10% per annum or Alternate Base Rate plus 0.10% per annum; Term","item_codes_triggered":["2.03"],"maturity_text":"March 11, 2029","principal_text":"$500 million"},"claim":"SOUTHWEST AIRLINES CO incurred term loan of $500 million with BNP Paribas at Term SOFR plus 1.10% per annum or Alternate Base Rate plus 0.10% per annum; Term maturing March 11, 2029.","evidence_excerpt":"On March 11, 2026, Southwest Airlines Co. (the “Company”) entered into a new term loan credit agreement (the “Term Loan Credit Agreement”) with BNP Paribas, as administrative and collateral agent (the “Agent”) and as the initial lender (together with any additional lenders from time to time, the “Lenders”), providing for a $500 million dollar senior secured term loan credit facility (the “Term Loan Facility”) that was drawn in full on the closing date.","confidence":0.98,"filing_url":"https://secwatch.observer/filing/0001193125-26-102966","anchor_url":"https://secwatch.observer/filing/0001193125-26-102966#claim-1be0eda73ad3ed223b9449042bdad7c5b7f7aa3c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000119312526102966/0001193125-26-102966-index.htm"},{"fact_type":"governance_change","fact_key":"3789f60d9bdc01d5f3c1805848b6c49adba779e0","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2025-05-19T23:59:59+00:00","payload":{"change_type":"bylaw_amendment","effective_date":"2025-05-16","item_codes_triggered":["5.03"],"summary_text":"Amended bylaws to set a minimum ownership threshold of 3% for shareholder derivative proceedings and add exclusive forum provisions and jury trial waiver for internal entity claims."},"claim":"SOUTHWEST AIRLINES CO: Amended bylaws to set a minimum ownership threshold of 3% for shareholder derivative proceedings and add exclusive forum provisions and jury trial waiver for internal entity claims (effective 2025-05-16).","evidence_excerpt":"the Board of Directors of Southwest Airlines Co. (the “Company”) approved the amendment and restatement of the Company’s bylaws (the “Bylaws”), effective as of such date, primarily to set a minimum ownership threshold for a shareholder (as defined by the TBOC) to pursue a derivative proceeding.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000092380-25-000119","anchor_url":"https://secwatch.observer/filing/0000092380-25-000119#claim-3789f60d9bdc01d5f3c1805848b6c49adba779e0","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238025000119/0000092380-25-000119-index.htm"},{"fact_type":"executive_change","fact_key":"93010a46ef","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2025-03-31T23:59:59+00:00","payload":{"action":"stepped down","action_category":"role_change","departure_tone":"routine","effective_date":"2025-04-01","interim":false,"role":"Principal Accounting Officer","role_category":"other_named_officer","successor_name":"J. Ryan Martinez","successor_named":true},"claim":"Tammy Romo changed role as Principal Accounting Officer at SOUTHWEST AIRLINES CO.","evidence_excerpt":"at which time Tammy Romo will step down from that role","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000092380-25-000075","anchor_url":"https://secwatch.observer/filing/0000092380-25-000075#claim-93010a46ef","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238025000075/0000092380-25-000075-index.htm"},{"fact_type":"executive_change","fact_key":"a6ac63838e","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2025-03-31T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2025-04-01","interim":false,"role":"Principal Accounting Officer","role_category":"other_named_officer","successor_name":null,"successor_named":false},"claim":"J. Ryan Martinez was appointed as Principal Accounting Officer at SOUTHWEST AIRLINES CO.","evidence_excerpt":"the Board of Directors (the “Board”) of Southwest Airlines Co. (the “Company”) unanimously appointed J. Ryan Martinez to assume the responsibilities of the Company’s principal accounting officer, effective April 1, 2025","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000092380-25-000075","anchor_url":"https://secwatch.observer/filing/0000092380-25-000075#claim-a6ac63838e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238025000075/0000092380-25-000075-index.htm"},{"fact_type":"restructuring_charge","fact_key":"75c6060eef828335527a46da8f57d5c00bfc302b","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2025-02-18T23:59:59+00:00","payload":{"affected_area":"corporate overhead and leadership positions","charge_text":"$60 million to $80 million","effective_date":"2025-02-05","event_type":"restructuring","headcount_text":"approximately 1,750 Employee roles, or 15% of corporate positions","item_codes_triggered":["2.05"]},"claim":"SOUTHWEST AIRLINES CO announced a restructuring with charges of $60 million to $80 million affecting corporate overhead and leadership positions (approximately 1,750 Employee roles, or 15% of corporate positions).","evidence_excerpt":"$210 million and full-year 2026 savings of approximately $300 million. These savings exclude an expected one-time GAAP pre-tax charge in first quarter 2025 in the range of $60 million to $80 million, substantially all of which is expected to be related to severance payments and post-employment benefits, which the Company expects to treat as a special item.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-25-028035","anchor_url":"https://secwatch.observer/filing/0001193125-25-028035#claim-75c6060eef828335527a46da8f57d5c00bfc302b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000119312525028035/0001193125-25-028035-index.htm"},{"fact_type":"executive_change","fact_key":"4a6aecc4ce","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2025-02-10T23:59:59+00:00","payload":{"action":"step down","action_category":"departure","departure_tone":"routine","effective_date":"2025-03-10","interim":false,"role":"Executive Vice President & Chief Financial Officer","role_category":"cfo","successor_name":"Tom Doxey","successor_named":true},"claim":"Tammy Romo departed as Executive Vice President & Chief Financial Officer at SOUTHWEST AIRLINES CO.","evidence_excerpt":"Ms. Romo will step down from that role","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001193125-25-023650","anchor_url":"https://secwatch.observer/filing/0001193125-25-023650#claim-4a6aecc4ce","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000119312525023650/0001193125-25-023650-index.htm"},{"fact_type":"executive_change","fact_key":"610c49e95b","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2025-02-10T23:59:59+00:00","payload":{"action":"elected","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2025-03-10","interim":false,"role":"Executive Vice President & Chief Financial Officer","role_category":"cfo","successor_name":null,"successor_named":false},"claim":"Tom Doxey was elected as Executive Vice President & Chief Financial Officer at SOUTHWEST AIRLINES CO.","evidence_excerpt":"unanimously elected Tom Doxey to succeed Tammy Romo as Executive Vice President & Chief Financial Officer","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001193125-25-023650","anchor_url":"https://secwatch.observer/filing/0001193125-25-023650#claim-610c49e95b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000119312525023650/0001193125-25-023650-index.htm"},{"fact_type":"executive_change","fact_key":"fe0d6fbfb7","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2025-02-07T23:59:59+00:00","payload":{"action":"retire","action_category":"departure","departure_tone":"retirement","effective_date":null,"interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Elaine Mendoza departed as Director at SOUTHWEST AIRLINES CO.","evidence_excerpt":"On February 4, 2025, Eduardo F. Conrado and Elaine Mendoza, each a member of the Board of Directors (the “Board”) of Southwest Airlines Co. (the “Company”), notified the Company and the Board that they will not stand for re-election at the Company’s 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”) and will retire from the Board effective immediately following the 2025 Annual Meeting.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000092380-25-000025","anchor_url":"https://secwatch.observer/filing/0000092380-25-000025#claim-fe0d6fbfb7","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238025000025/0000092380-25-000025-index.htm"},{"fact_type":"executive_change","fact_key":"ce01e21e1d","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2025-02-07T23:59:59+00:00","payload":{"action":"retire","action_category":"departure","departure_tone":"retirement","effective_date":null,"interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Eduardo F. Conrado departed as Director at SOUTHWEST AIRLINES CO.","evidence_excerpt":"On February 4, 2025, Eduardo F. Conrado and Elaine Mendoza, each a member of the Board of Directors (the “Board”) of Southwest Airlines Co. (the “Company”), notified the Company and the Board that they will not stand for re-election at the Company’s 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”) and will retire from the Board effective immediately following the 2025 Annual Meeting.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000092380-25-000025","anchor_url":"https://secwatch.observer/filing/0000092380-25-000025#claim-ce01e21e1d","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238025000025/0000092380-25-000025-index.htm"},{"fact_type":"executive_change","fact_key":"6018e80af4","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2025-01-10T23:59:59+00:00","payload":{"action":"submitted her resignation","action_category":"departure","departure_tone":"routine","effective_date":"2025-04-01","interim":false,"role":"Chief Administration Officer","role_category":"other_named_officer","successor_name":null,"successor_named":false},"claim":"Linda Rutherford departed as Chief Administration Officer at SOUTHWEST AIRLINES CO.","evidence_excerpt":"On January 8, 2025, Linda Rutherford, Chief Administration Officer of the Company, submitted her resignation from the position of Chief Administration Officer, effective April 1, 2025.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001193125-25-004026","anchor_url":"https://secwatch.observer/filing/0001193125-25-004026#claim-6018e80af4","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000119312525004026/0001193125-25-004026-index.htm"},{"fact_type":"executive_change","fact_key":"e4afcdb3ec","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2025-01-10T23:59:59+00:00","payload":{"action":"submitted her resignation","action_category":"departure","departure_tone":"routine","effective_date":"2025-04-01","interim":false,"role":"Executive Vice President & Chief Financial Officer","role_category":"cfo","successor_name":null,"successor_named":false},"claim":"Tammy Romo departed as Executive Vice President & Chief Financial Officer at SOUTHWEST AIRLINES CO.","evidence_excerpt":"On January 7, 2025, Tammy Romo, Executive Vice President & Chief Financial Officer of Southwest Airlines Co. (the “Company”), submitted her resignation from the position of Executive Vice President & Chief Financial Officer, effective April 1, 2025.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001193125-25-004026","anchor_url":"https://secwatch.observer/filing/0001193125-25-004026#claim-e4afcdb3ec","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000119312525004026/0001193125-25-004026-index.htm"},{"fact_type":"executive_change","fact_key":"515bf149aa","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2024-11-07T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2024-11-01","interim":false,"role":"Independent Chair of the Board","role_category":"chair","successor_name":null,"successor_named":false},"claim":"Rakesh Gangwal was appointed as Independent Chair of the Board at SOUTHWEST AIRLINES CO.","evidence_excerpt":"the Board appointed Rakesh 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Kelly departed as Executive Chairman of the Board at SOUTHWEST AIRLINES CO.","evidence_excerpt":"On September 9, 2024, Gary C. Kelly, Executive Chairman of the Board of Directors (the “Board”) of Southwest Airlines Co. (the “Company”) notified the Company and the Board that he will not stand for re-election at the Company’s 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”) and will retire from the Board and his office of Executive Chairman of the Board, effective immediately following the 2025 Annual Meeting.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001193125-24-216328","anchor_url":"https://secwatch.observer/filing/0001193125-24-216328#claim-295395a975","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000119312524216328/0001193125-24-216328-index.htm"},{"fact_type":"executive_change","fact_key":"57792c3ade","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2024-07-09T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2024-07-07","interim":false,"role":"member of the Board","role_category":"director","successor_name":null,"successor_named":false},"claim":"Rakesh Gangwal was appointed as member of the Board at SOUTHWEST AIRLINES CO.","evidence_excerpt":"On July 7, 2024, the Board of Directors (the \"Board\") of Southwest Airlines Co. (the \"Company\") appointed Rakesh Gangwal as a member of the Board, effective July 7, 2024.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000092380-24-000101","anchor_url":"https://secwatch.observer/filing/0000092380-24-000101#claim-57792c3ade","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238024000101/0000092380-24-000101-index.htm"},{"fact_type":"shareholder_vote","fact_key":"d6692c826b7922c8fdc0541589d145d09da2e22a","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2024-05-20T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2024-05-15","outcome":"failed","proposal_text":"An advisory (non-binding) vote on a shareholder proposal to permit shareholder removal of directors without cause","proposal_type":"say_on_pay","results":[{"broker_non_votes":"90,613,942","subject":null,"votes_abstain":"2,293,952","votes_against":"402,007,358","votes_for":"34,551,236","votes_withheld":null}]},"claim":"SOUTHWEST AIRLINES CO shareholders rejected An advisory (non-binding) vote on a shareholder proposal to permit shareholder removal of directors without cause at the 2024-05-15 meeting.","evidence_excerpt":"6. Proposal 6 – An advisory (non-binding) vote on a shareholder proposal to permit shareholder removal of directors without cause: VOTES FOR VOTES AGAINST ABSTENTIONS BROKER NON-VOTES 34,551,236 402,007,358 2,293,952 90,613,942","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000092380-24-000094","anchor_url":"https://secwatch.observer/filing/0000092380-24-000094#claim-d6692c826b7922c8fdc0541589d145d09da2e22a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238024000094/0000092380-24-000094-index.htm"},{"fact_type":"shareholder_vote","fact_key":"70a3e4a0b2be32af5d13c0f02dc03c314e459887","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2024-05-20T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2024-05-15","outcome":"failed","proposal_text":"An advisory (non-binding) vote on a shareholder proposal to amend clawback policy for executive pay","proposal_type":"say_on_pay","results":[{"broker_non_votes":"90,613,942","subject":null,"votes_abstain":"2,320,336","votes_against":"355,594,196","votes_for":"80,938,014","votes_withheld":null}]},"claim":"SOUTHWEST AIRLINES CO shareholders rejected An advisory (non-binding) vote on a shareholder proposal to amend clawback policy for executive pay at the 2024-05-15 meeting.","evidence_excerpt":"5. Proposal 5 – An advisory (non-binding) vote on a shareholder proposal to amend clawback policy for executive pay: VOTES FOR VOTES AGAINST ABSTENTIONS BROKER NON-VOTES 80,938,014 355,594,196 2,320,336 90,613,942","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000092380-24-000094","anchor_url":"https://secwatch.observer/filing/0000092380-24-000094#claim-70a3e4a0b2be32af5d13c0f02dc03c314e459887","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238024000094/0000092380-24-000094-index.htm"},{"fact_type":"shareholder_vote","fact_key":"22fef0801618eb1faa69345a2e8c23fe2fa8ec8a","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2024-05-20T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2024-05-15","outcome":"passed","proposal_text":"A proposal to ratify the selection of Ernst & Young LLP as the Company's independent auditors for the fiscal year ending December 31, 2024","proposal_type":"auditor_ratification","results":[{"broker_non_votes":"—","subject":null,"votes_abstain":"2,735,351","votes_against":"17,231,491","votes_for":"509,499,646","votes_withheld":null}]},"claim":"SOUTHWEST AIRLINES CO shareholders approved A proposal to ratify the selection of Ernst & Young LLP as the Company's independent auditors for the fiscal year ending December 31, 2024 at the 2024-05-15 meeting.","evidence_excerpt":"4. Proposal 4 – A proposal to ratify the selection of Ernst & Young LLP as the Company’s independent auditors for the fiscal year ending December 31, 2024: VOTES FOR VOTES AGAINST ABSTENTIONS BROKER NON-VOTES 509,499,646 17,231,491 2,735,351 —","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000092380-24-000094","anchor_url":"https://secwatch.observer/filing/0000092380-24-000094#claim-22fef0801618eb1faa69345a2e8c23fe2fa8ec8a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238024000094/0000092380-24-000094-index.htm"},{"fact_type":"shareholder_vote","fact_key":"01253e9f913f4dcf07708b156fe2430728032dcc","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2024-05-20T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2024-05-15","outcome":"passed","proposal_text":"Approval of the Southwest Airlines Co. Amended and Restated 2007 Equity Incentive Plan","proposal_type":"equity_plan","results":[{"broker_non_votes":"90,613,942","subject":null,"votes_abstain":"1,635,532","votes_against":"28,870,401","votes_for":"408,346,613","votes_withheld":null}]},"claim":"SOUTHWEST AIRLINES CO shareholders approved Approval of the Southwest Airlines Co. Amended and Restated 2007 Equity Incentive Plan at the 2024-05-15 meeting.","evidence_excerpt":"3. Proposal 3 – Approval of the Southwest Airlines Co. Amended and Restated 2007 Equity Incentive Plan: VOTES FOR VOTES AGAINST ABSTENTIONS BROKER NON-VOTES 408,346,613 28,870,401 1,635,532 90,613,942","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000092380-24-000094","anchor_url":"https://secwatch.observer/filing/0000092380-24-000094#claim-01253e9f913f4dcf07708b156fe2430728032dcc","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238024000094/0000092380-24-000094-index.htm"},{"fact_type":"shareholder_vote","fact_key":"4cfedbcc70d1fff1f05f86a098373d1c58ee27a1","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2024-05-20T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2024-05-15","outcome":"passed","proposal_text":"An advisory (non-binding) vote to approve the compensation of the Company's named executive officers","proposal_type":"say_on_pay","results":[{"broker_non_votes":"90,613,942","subject":null,"votes_abstain":"1,469,173","votes_against":"97,603,353","votes_for":"339,780,020","votes_withheld":null}]},"claim":"SOUTHWEST AIRLINES CO shareholders approved An advisory (non-binding) vote to approve the compensation of the Company's named executive officers at the 2024-05-15 meeting.","evidence_excerpt":"2. Proposal 2 – An advisory (non-binding) vote to approve the compensation of the Company’s named executive officers: VOTES FOR VOTES AGAINST ABSTENTIONS BROKER NON-VOTES 339,780,020 97,603,353 1,469,173 90,613,942","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000092380-24-000094","anchor_url":"https://secwatch.observer/filing/0000092380-24-000094#claim-4cfedbcc70d1fff1f05f86a098373d1c58ee27a1","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238024000094/0000092380-24-000094-index.htm"},{"fact_type":"shareholder_vote","fact_key":"fd9e87c9bf62b9ecf2f6f6bf39e137a2fe5cdf67","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2024-05-20T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2024-05-15","outcome":"passed","proposal_text":"Election of fourteen Directors for terms expiring at the 2025 Annual Meeting of Shareholders","proposal_type":"director_election","results":[{"broker_non_votes":"90,613,942","subject":"Lisa M. Atherton","votes_abstain":"1,777,640","votes_against":"10,433,703","votes_for":"426,641,203","votes_withheld":null},{"broker_non_votes":"90,613,942","subject":"David W. Biegler","votes_abstain":"1,687,197","votes_against":"33,366,421","votes_for":"403,798,928","votes_withheld":null},{"broker_non_votes":"90,613,942","subject":"J. Veronica Biggins","votes_abstain":"1,718,731","votes_against":"24,556,305","votes_for":"412,577,510","votes_withheld":null},{"broker_non_votes":"90,613,942","subject":"Roy Blunt","votes_abstain":"1,783,091","votes_against":"12,598,272","votes_for":"424,471,183","votes_withheld":null},{"broker_non_votes":"90,613,942","subject":"Douglas H. Brooks","votes_abstain":"2,217,726","votes_against":"21,050,148","votes_for":"415,584,672","votes_withheld":null},{"broker_non_votes":"90,613,942","subject":"Eduardo F. Conrado","votes_abstain":"2,029,446","votes_against":"16,012,228","votes_for":"420,810,872","votes_withheld":null},{"broker_non_votes":"90,613,942","subject":"William H. Cunningham","votes_abstain":"2,163,974","votes_against":"25,858,647","votes_for":"410,829,925","votes_withheld":null},{"broker_non_votes":"90,613,942","subject":"Thomas W. Gilligan","votes_abstain":"2,443,286","votes_against":"18,783,188","votes_for":"417,626,072","votes_withheld":null},{"broker_non_votes":"90,613,942","subject":"David P. Hess","votes_abstain":"2,008,839","votes_against":"13,005,611","votes_for":"423,838,096","votes_withheld":null},{"broker_non_votes":"90,613,942","subject":"Robert E. Jordan","votes_abstain":"1,414,948","votes_against":"15,690,955","votes_for":"421,746,643","votes_withheld":null},{"broker_non_votes":"90,613,942","subject":"Gary C. Kelly","votes_abstain":"757,973","votes_against":"21,179,382","votes_for":"416,915,191","votes_withheld":null},{"broker_non_votes":"90,613,942","subject":"Elaine Mendoza","votes_abstain":"1,775,369","votes_against":"12,540,147","votes_for":"424,537,030","votes_withheld":null},{"broker_non_votes":"90,613,942","subject":"Christopher P. Reynolds","votes_abstain":"1,799,311","votes_against":"14,584,848","votes_for":"422,468,387","votes_withheld":null},{"broker_non_votes":"90,613,942","subject":"Jill A. Soltau","votes_abstain":"1,702,595","votes_against":"18,702,207","votes_for":"418,447,744","votes_withheld":null}]},"claim":"SOUTHWEST AIRLINES CO shareholders approved Election of fourteen Directors for terms expiring at the 2025 Annual Meeting of Shareholders at the 2024-05-15 meeting.","evidence_excerpt":"1. Proposal 1 – Election of fourteen Directors for terms expiring at the 2025 Annual Meeting of Shareholders: NOMINEE VOTES FOR VOTES AGAINST ABSTENTIONS BROKER NON-VOTES Lisa M. Atherton 426,641,203 10,433,703 1,777,640 90,613,942 David W. Biegler 403,798,928 33,366,421 1,687,197 90,613,942 J. Veronica Biggins 412,577,510 24,556,305 1,718,731 90,613,942 Roy Blunt 424,471,183 12,598,272 1,783,091 90,613,942 Douglas H. Brooks 415,584,672 21,050,148 2,217,726 90,613,942 Eduardo F. Conrado 420,810,872 16,012,228 2,029,446 90,613,942 William H. Cunningham 410,829,925 25,858,647 2,163,974 90,613,942 Thomas W. Gilligan 417,626,072 18,783,188 2,443,286 90,613,942 David P. Hess 423,838,096 13,005,611 2,008,839 90,613,942 Robert E. Jordan 421,746,643 15,690,955 1,414,948 90,613,942 Gary C. Kelly 416,915,191 21,179,382 757,973 90,613,942 Elaine Mendoza 424,537,030 12,540,147 1,775,369 90,613,942 Christopher P. Reynolds 422,468,387 14,584,848 1,799,311 90,613,942 Jill A. Soltau 418,447,744 18,702","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000092380-24-000094","anchor_url":"https://secwatch.observer/filing/0000092380-24-000094#claim-fd9e87c9bf62b9ecf2f6f6bf39e137a2fe5cdf67","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238024000094/0000092380-24-000094-index.htm"},{"fact_type":"executive_change","fact_key":"497ba3831b","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2024-05-01T23:59:59+00:00","payload":{"action":"resigned","action_category":"departure","departure_tone":"routine","effective_date":"2024-06-01","interim":false,"role":"Executive Vice President & Chief Legal & Regulatory Officer and Corporate Secretary","role_category":"general_counsel","successor_name":null,"successor_named":false},"claim":"Mark R. Shaw resigned as Executive Vice President & Chief Legal & Regulatory Officer and Corporate Secretary at SOUTHWEST AIRLINES CO.","evidence_excerpt":"On April 26, 2024, Mark R. Shaw, Executive Vice President & Chief Legal & Regulatory Officer and Corporate Secretary of Southwest Airlines Co. (the \"Company\"), submitted his resignation from his positions of Executive Vice President & Chief Legal & Regulatory Officer and Corporate Secretary, effective June 1, 2024.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000092380-24-000058","anchor_url":"https://secwatch.observer/filing/0000092380-24-000058#claim-497ba3831b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238024000058/0000092380-24-000058-index.htm"},{"fact_type":"earnings_release","fact_key":"6a9856c2581ee7dbf1d816a11d01700246d1e2f5","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2024-04-25T23:59:59+00:00","payload":{"eps_text":"$0.39 loss per diluted share","guidance_signal":"unknown","item_codes_triggered":["2.02"],"net_income_text":"$231 million","period_text":"first quarter 2024","report_date":"2024-04-25","result_type":"reported_results","revenue_text":"$6.3 billion"},"claim":"SOUTHWEST AIRLINES CO reported first quarter 2024 results: revenue $6.3 billion, net income $231 million, EPS $0.39 loss per diluted share.","evidence_excerpt":"Southwest Airlines Co. (NYSE: LUV) (the \"Company\") today reported its first quarter 2024 financial results: • Net loss of $231 million, or $0.39 loss per diluted share • Net loss, excluding special items 1 , of $218 million, or $0.36 loss per diluted share • Record first quarter operating revenues of $6.3 billion","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000092380-24-000053","anchor_url":"https://secwatch.observer/filing/0000092380-24-000053#claim-6a9856c2581ee7dbf1d816a11d01700246d1e2f5","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238024000053/0000092380-24-000053-index.htm"},{"fact_type":"earnings_release","fact_key":"e0e8067d17ef5fe67e5a30b6b5e357474e78338c","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2024-02-06T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"reaffirmed","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"fourth quarter and full year 2023","report_date":"2024-01-25","result_type":"reported_results","revenue_text":null},"claim":"SOUTHWEST AIRLINES CO updated its fourth quarter and full year 2023 guidance (reaffirmed).","evidence_excerpt":"On January 25, 2024, Southwest Airlines Co. (the “Company”) issued a press release announcing its financial results for the fourth quarter and full year 2023 (the “2023 Earnings Release”), referencing a change in estimate related to the the ratification bonus for its Pilots which was recorded in fourth quarter 2023.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000092380-24-000026","anchor_url":"https://secwatch.observer/filing/0000092380-24-000026#claim-e0e8067d17ef5fe67e5a30b6b5e357474e78338c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238024000026/0000092380-24-000026-index.htm"},{"fact_type":"earnings_release","fact_key":"d819d56562c3e300103d78d265033d8369ace78b","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2023-10-26T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"unknown","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"fourth quarter 2023 and full year 2023","report_date":"2023-10-26","result_type":"guidance_update","revenue_text":null},"claim":null,"evidence_excerpt":"The following tables introduce or update selected financial guidance for fourth quarter and full year 2023, as applicable:","confidence":0.7,"filing_url":"https://secwatch.observer/filing/0000092380-23-000047","anchor_url":"https://secwatch.observer/filing/0000092380-23-000047#claim-d819d56562c3e300103d78d265033d8369ace78b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238023000047/0000092380-23-000047-index.htm"},{"fact_type":"debt_financing","fact_key":"a7a33d22d5b2fe65a188d9d1ba9e9018df3293e8","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2023-08-04T23:59:59+00:00","payload":{"counterparty":"syndicate of lenders","effective_date":"2023-08-04","event":"amendment","instrument_type":"revolving_credit","interest_rate_text":"Based on Adjusted Term SOFR Rate (floor 1%) or alternate base rate, with margins","item_codes_triggered":["2.03"],"maturity_text":"August 4, 2028","principal_text":"Commitments unchanged; no amounts outstanding"},"claim":"SOUTHWEST AIRLINES CO amended revolving credit of Commitments unchanged; no amounts outstanding with syndicate of lenders at Based on Adjusted Term SOFR Rate (floor 1%) or alternate base rate, with margins maturing August 4, 2028.","evidence_excerpt":"On August 4, 2023, Southwest Airlines Co. (the “Company”) amended its revolving credit facility agreement with a syndicate of lenders expiring in August 2025 (the “A&R Credit Agreement”) to (i) extend the maturity to August 4, 2028, (ii) release all aircraft and other assets constituting collateral securing the loans made under the A&R Credit Agreement, (iii) delete all provisions and terminate all agreements, in each case, relating to the grant of such collateral, (iv) eliminate the role of “Collateral Agent” under the A&R Credit Agreement after giving effect to the amendment, terminations, and releases, (v) eliminate the minimum liquidity covenant, (vi) add a Coverage Ratio financial covenant, (vii) amend the Collateral Coverage Test covenant requiring that a pool of lien-free specified aircraft and related assets have a minimum aggregate appraised value, and add certain covenants with respect to such pool of assets, (viii) amend the pricing and fees, (ix) increase certain materialit","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000092380-23-000040","anchor_url":"https://secwatch.observer/filing/0000092380-23-000040#claim-a7a33d22d5b2fe65a188d9d1ba9e9018df3293e8","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238023000040/0000092380-23-000040-index.htm"},{"fact_type":"earnings_release","fact_key":"034bb0f0bcdd5a0056bb414068d405c53b9b2d2e","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2023-07-27T23:59:59+00:00","payload":{"eps_text":"$1.08 per diluted share","guidance_signal":"unknown","item_codes_triggered":["2.02"],"net_income_text":"$683 million","period_text":"second quarter 2023","report_date":"2023-07-27","result_type":"reported_results","revenue_text":"$7.0 billion"},"claim":"SOUTHWEST AIRLINES CO reported second quarter 2023 results: revenue $7.0 billion, net income $683 million, EPS $1.08 per diluted share.","evidence_excerpt":"• Net income of $683 million, or $1.08 per diluted share • Net income, excluding special items 1 , of $693 million, or $1.09 per diluted share • Record quarterly operating revenues of $7.0 billion","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000092380-23-000036","anchor_url":"https://secwatch.observer/filing/0000092380-23-000036#claim-034bb0f0bcdd5a0056bb414068d405c53b9b2d2e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238023000036/0000092380-23-000036-index.htm"},{"fact_type":"executive_change","fact_key":"6f4d4c9c27","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2023-07-19T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2023-07-16","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Roy Blunt was appointed as Director at SOUTHWEST AIRLINES CO.","evidence_excerpt":"On July 16, 2023, the Board of Directors (the \"Board\") of Southwest Airlines Co. (the \"Company\") appointed Roy Blunt as a member of the Board, effective July 16, 2023.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000092380-23-000033","anchor_url":"https://secwatch.observer/filing/0000092380-23-000033#claim-6f4d4c9c27","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238023000033/0000092380-23-000033-index.htm"},{"fact_type":"shareholder_vote","fact_key":"f7e07c2d84091a5b07ebe44c5fca5c4f42ab5f02","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2023-05-19T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-05-17","outcome":"failed","proposal_text":"Shareholder proposal to require ratification of termination pay","proposal_type":"auditor_ratification","results":[{"broker_non_votes":"96,720,093","subject":null,"votes_abstain":"1,735,490","votes_against":"377,904,277","votes_for":"43,362,276","votes_withheld":null}]},"claim":"SOUTHWEST AIRLINES CO shareholders rejected Shareholder proposal to require ratification of termination pay at the 2023-05-17 meeting.","evidence_excerpt":"6. Proposal 6 – An advisory (non-binding) vote on a shareholder proposal to require shareholder ratification of termination pay:","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000092380-23-000026","anchor_url":"https://secwatch.observer/filing/0000092380-23-000026#claim-f7e07c2d84091a5b07ebe44c5fca5c4f42ab5f02","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238023000026/0000092380-23-000026-index.htm"},{"fact_type":"shareholder_vote","fact_key":"f47fa9e0e73174696f9676038577414c529c5ed6","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2023-05-19T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-05-17","outcome":"passed","proposal_text":"Shareholder proposal to permit shareholder removal of directors without cause","proposal_type":"other","results":[{"broker_non_votes":"96,720,093","subject":null,"votes_abstain":"1,665,519","votes_against":"198,132,576","votes_for":"223,203,948","votes_withheld":null}]},"claim":"SOUTHWEST AIRLINES CO shareholders approved Shareholder proposal to permit shareholder removal of directors without cause at the 2023-05-17 meeting.","evidence_excerpt":"5. Proposal 5 – An advisory (non-binding) vote on a shareholder proposal to permit shareholder removal of directors without cause:","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000092380-23-000026","anchor_url":"https://secwatch.observer/filing/0000092380-23-000026#claim-f47fa9e0e73174696f9676038577414c529c5ed6","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238023000026/0000092380-23-000026-index.htm"},{"fact_type":"shareholder_vote","fact_key":"876fc355d437130c7021b669094208423f5637fa","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2023-05-19T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-05-17","outcome":"passed","proposal_text":"Ratification of Ernst & Young LLP as independent auditors","proposal_type":"auditor_ratification","results":[{"broker_non_votes":"—","subject":null,"votes_abstain":"3,744,068","votes_against":"22,843,196","votes_for":"493,134,872","votes_withheld":null}]},"claim":"SOUTHWEST AIRLINES CO shareholders approved Ratification of Ernst & Young LLP as independent auditors at the 2023-05-17 meeting.","evidence_excerpt":"4. Proposal 4 – A proposal to ratify the selection of Ernst & Young LLP as the Company’s independent auditors for the fiscal year ending December 31, 2023:","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000092380-23-000026","anchor_url":"https://secwatch.observer/filing/0000092380-23-000026#claim-876fc355d437130c7021b669094208423f5637fa","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238023000026/0000092380-23-000026-index.htm"},{"fact_type":"shareholder_vote","fact_key":"7c8b7c32540613e45f53f26de48cf17d5f51c19a","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2023-05-19T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-05-17","outcome":"passed","proposal_text":"Advisory vote on the frequency of executive compensation advisory votes","proposal_type":"say_on_pay_frequency","results":[{"broker_non_votes":"96,720,093","subject":null,"votes_abstain":"3,097,606","votes_against":null,"votes_for":"405,693,741","votes_withheld":null}]},"claim":"SOUTHWEST AIRLINES CO shareholders approved Advisory vote on the frequency of executive compensation advisory votes at the 2023-05-17 meeting.","evidence_excerpt":"3. Proposal 3 – An advisory (non-binding) vote on the frequency of executive compensation advisory votes:","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000092380-23-000026","anchor_url":"https://secwatch.observer/filing/0000092380-23-000026#claim-7c8b7c32540613e45f53f26de48cf17d5f51c19a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238023000026/0000092380-23-000026-index.htm"},{"fact_type":"shareholder_vote","fact_key":"fc78f746c7f74f6dd07244f612aac7aaccaeb2fd","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2023-05-19T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-05-17","outcome":"passed","proposal_text":"Advisory vote to approve the compensation of the Company's named executive officers","proposal_type":"say_on_pay","results":[{"broker_non_votes":"96,720,093","subject":null,"votes_abstain":"1,506,469","votes_against":"30,504,474","votes_for":"390,991,100","votes_withheld":null}]},"claim":"SOUTHWEST AIRLINES CO shareholders approved Advisory vote to approve the compensation of the Company's named executive officers at the 2023-05-17 meeting.","evidence_excerpt":"2. Proposal 2 – An advisory (non-binding) vote to approve the compensation of the Company’s named executive officers:","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000092380-23-000026","anchor_url":"https://secwatch.observer/filing/0000092380-23-000026#claim-fc78f746c7f74f6dd07244f612aac7aaccaeb2fd","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238023000026/0000092380-23-000026-index.htm"},{"fact_type":"shareholder_vote","fact_key":"bf333bbe932a10cfdedb4e04a20e3d2cc9e9a16f","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2023-05-19T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-05-17","outcome":"passed","proposal_text":"Election of fourteen directors","proposal_type":"director_election","results":[{"broker_non_votes":"96,720,093","subject":"David W. 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Proposal 1 – Election of fourteen Directors for terms expiring at the 2024 Annual Meeting of Shareholders:","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000092380-23-000026","anchor_url":"https://secwatch.observer/filing/0000092380-23-000026#claim-bf333bbe932a10cfdedb4e04a20e3d2cc9e9a16f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238023000026/0000092380-23-000026-index.htm"},{"fact_type":"earnings_release","fact_key":"92f6db5b63e3bd5f4ae6ca0f8a286645ede23e3a","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2023-04-27T23:59:59+00:00","payload":{"eps_text":"$0.27 loss per diluted share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"Net loss of $159 million, or $0.27 loss per diluted share","period_text":"first quarter 2023","report_date":"2023-04-27","result_type":"reported_results","revenue_text":"$5.7 billion"},"claim":"SOUTHWEST AIRLINES CO reported first quarter 2023 results: revenue $5.7 billion, net income Net loss of $159 million, or $0.27 loss per diluted share, EPS $0.27 loss per diluted share.","evidence_excerpt":"million, or $0.27 loss per diluted share • Net loss, excluding special items 1 , of $163 million, or $0.27 loss per diluted share • Record first quarter operating revenues of $5.7 billion • Liquidity 2 of $12.7 billion, well in excess of debt outstanding of $8.0 billion Bob Jordan, President and Chief Executive Officer, stated, \"As expected, we incurred a first","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000092380-23-000021","anchor_url":"https://secwatch.observer/filing/0000092380-23-000021#claim-92f6db5b63e3bd5f4ae6ca0f8a286645ede23e3a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238023000021/0000092380-23-000021-index.htm"},{"fact_type":"executive_change","fact_key":"940247fde7","cik":92380,"ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2023-02-07T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2023-02-15","interim":false,"role":"member of the Board","role_category":"director","successor_name":null,"successor_named":false},"claim":"Jill Soltau was appointed as member of the Board at SOUTHWEST AIRLINES CO.","evidence_excerpt":"On February 1, 2023, the Board of Directors (the \"Board\") of Southwest Airlines Co. 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