8-K
filed May 19, 2023, 7:59 PM ET
ticker LUV
CIK 0000092380
other material
confidence high
sentiment neutral
materiality 0.15
Southwest Airlines annual meeting results: all directors elected, shareholder proposals fail
SOUTHWEST AIRLINES CO
- All 14 director nominees elected with majority support; broker non-votes of ~96.7M shares.
- Advisory vote on executive compensation passed with 390.9M for, 30.5M against.
- Advisory vote on frequency: 405.7M votes for one year; company will hold annual say-on-pay.
- Ratification of Ernst & Young as 2023 auditor approved: 493.1M for, 22.8M against.
- Shareholder proposals to permit director removal without cause and to require ratification of termination pay both defeated.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SOUTHWEST AIRLINES CO shareholders approved Advisory vote on the frequency of executive compensation advisory votes at the 2023-05-17 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
3. Proposal 3 – An advisory (non-binding) vote on the frequency of executive compensation advisory votes:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SOUTHWEST AIRLINES CO shareholders approved Ratification of Ernst & Young LLP as independent auditors at the 2023-05-17 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
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:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SOUTHWEST AIRLINES CO shareholders approved Election of fourteen directors at the 2023-05-17 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
1. Proposal 1 – Election of fourteen Directors for terms expiring at the 2024 Annual Meeting of Shareholders:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SOUTHWEST AIRLINES CO shareholders approved Shareholder proposal to permit shareholder removal of directors without cause at the 2023-05-17 meeting.
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
5. Proposal 5 – An advisory (non-binding) vote on a shareholder proposal to permit shareholder removal of directors without cause:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SOUTHWEST AIRLINES CO shareholders rejected Shareholder proposal to require ratification of termination pay at the 2023-05-17 meeting.
- Proposal
- auditor ratification
- Outcome
- failed
- Meeting
- 2023-05-17
Exact text from the filing
6. Proposal 6 – An advisory (non-binding) vote on a shareholder proposal to require shareholder ratification of termination pay:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SOUTHWEST AIRLINES CO shareholders approved Advisory vote to approve the compensation of the Company's named executive officers at the 2023-05-17 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
2. Proposal 2 – An advisory (non-binding) vote to approve the compensation of the Company’s named executive officers:
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
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