--- schema_version: "secwatch.filing_event.v1" accession: "0000092380-24-000094" form_type: "8-K" ticker: "LUV" cik: "0000092380" company_name: "SOUTHWEST AIRLINES CO" filed_at: "2024-05-20T23:59:59+00:00" generated_at: "2026-06-01T14:05:43.548194+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.5 calibrated_materiality_score: 0.5 confidence: "high" source: SEC EDGAR --- # Southwest shareholders approve amended equity plan with 4.75M share increase; all directors elected ## Summary - Shareholders approved amended 2007 Equity Incentive Plan; share reserve increased by 4.75M to 36.25M shares. - All 14 director nominees elected; say-on-pay approved with ~77% of votes cast in favor. - Shareholder proposal to amend clawback policy rejected with ~81% against. - Shareholder proposal to permit removal of directors without cause rejected with ~92% against. - Ratification of Ernst & Young as independent auditor approved with ~96% of votes for. ## SEC filing metadata - accession: 0000092380-24-000094 - form_type: 8-K - ticker: LUV - cik: 0000092380 - company_name: SOUTHWEST AIRLINES CO - filed_at: 2024-05-20T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.5 - calibrated_materiality_score: 0.5 - confidence: high - sec_items: 5.02, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/92380/000009238024000094/0000092380-24-000094-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92380/000009238024000094/luv-20240515.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000092380-24-000094 - JSON: https://secwatch.observer/filing/0000092380-24-000094.json - Plain text: https://secwatch.observer/filing/0000092380-24-000094.txt ## Source-grounded claims - claim_id: 01253e9f913f4dcf07708b156fe2430728032dcc 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 evidence_url: https://www.sec.gov/Archives/edgar/data/92380/000009238024000094/0000092380-24-000094-index.htm - claim_id: 22fef0801618eb1faa69345a2e8c23fe2fa8ec8a 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 — evidence_url: https://www.sec.gov/Archives/edgar/data/92380/000009238024000094/0000092380-24-000094-index.htm - claim_id: 4cfedbcc70d1fff1f05f86a098373d1c58ee27a1 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 evidence_url: https://www.sec.gov/Archives/edgar/data/92380/000009238024000094/0000092380-24-000094-index.htm - claim_id: 70a3e4a0b2be32af5d13c0f02dc03c314e459887 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 evidence_url: https://www.sec.gov/Archives/edgar/data/92380/000009238024000094/0000092380-24-000094-index.htm - claim_id: d6692c826b7922c8fdc0541589d145d09da2e22a 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 evidence_url: https://www.sec.gov/Archives/edgar/data/92380/000009238024000094/0000092380-24-000094-index.htm - claim_id: fd9e87c9bf62b9ecf2f6f6bf39e137a2fe5cdf67 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 evidence_url: https://www.sec.gov/Archives/edgar/data/92380/000009238024000094/0000092380-24-000094-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.