{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-174642","form_type":"8-K","ticker":"LUV","cik":"0000092380","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2024-07-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.386063+00:00","generated_at":"2026-05-31T23:41:15.001364+00:00","sec_items":["1.01","3.03","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Southwest adopts poison pill after Elliott builds ~11% stake; rights trigger at 12.5%","bullets":["Rights plan effective July 2, 2024, expires in one year; dividend of one Right per share to holders of record July 15.","Triggering percentage set at 12.5% of outstanding common stock; rights become exercisable on acquisition above that.","Elliott Investment Management reported ~11% economic interest but has not fully disclosed position to SEC; can acquire more starting July 11.","Under triggered plan, holders (excluding triggering party) can buy shares at 50% discount or exchange for one share per Right.","Rights plan has no dead-hand or slow-hand features; Board can redeem rights at $0.001 per Right before a trigger."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-174642","json":"https://secwatch.observer/filing/0001193125-24-174642.json","markdown":"https://secwatch.observer/filing/0001193125-24-174642.md","text":"https://secwatch.observer/filing/0001193125-24-174642.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/92380/000119312524174642/0001193125-24-174642-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/92380/000119312524174642/d850854d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T23:41:15.001364+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}