8-K
filed September 10, 2024, 7:59 PM ET
ticker LUV
CIK 0000092380
leadership
confidence high
sentiment positive
materiality 0.80
Southwest announces 7 board departures, plans 4 new directors; Kelly to retire after 2025 AGM
SOUTHWEST AIRLINES CO
- Gary Kelly to retire as Executive Chairman and from Board after 2025 Annual Meeting.
- Six directors (Biegler, Biggins, Blunt, Cunningham, Gilligan, Soltau) to resign effective Nov 21, 2024 board meeting.
- Board intends to appoint four new independent directors, considering Elliott's candidates; board size to be 13 after Nov, 12 after 2025.
- Board eliminates Executive Committee, creates Finance Committee; new Lead Director and committee chairs to be named.
- Board reiterates support for CEO Bob Jordan; engagement with Elliott continues for collaborative resolution.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gary C. Kelly departed as Executive Chairman of the Board at SOUTHWEST AIRLINES CO.
- Action
- retire
- Role
- Executive Chairman of the Board
Exact text from the filing
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.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William H. Cunningham resigned as Director at SOUTHWEST AIRLINES CO.
- Action
- resigned
- Role
- Director
Exact text from the filing
On September 9, 2024, David W. Biegler, J. Veronica Biggins, Roy Blunt, William H. Cunningham, Thomas W. Gilligan, and Jill A. Soltau (the “Resigning Directors”) each submitted his or her resignation from the Board, effective immediately following the Company’s regularly scheduled fourth quarter Board meeting (currently scheduled for November 21, 2024).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jill A. Soltau resigned as Director at SOUTHWEST AIRLINES CO.
- Action
- resigned
- Role
- Director
Exact text from the filing
On September 9, 2024, David W. Biegler, J. Veronica Biggins, Roy Blunt, William H. Cunningham, Thomas W. Gilligan, and Jill A. Soltau (the “Resigning Directors”) each submitted his or her resignation from the Board, effective immediately following the Company’s regularly scheduled fourth quarter Board meeting (currently scheduled for November 21, 2024).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David W. Biegler resigned as Director at SOUTHWEST AIRLINES CO.
- Action
- resigned
- Role
- Director
Exact text from the filing
On September 9, 2024, David W. Biegler, J. Veronica Biggins, Roy Blunt, William H. Cunningham, Thomas W. Gilligan, and Jill A. Soltau (the “Resigning Directors”) each submitted his or her resignation from the Board, effective immediately following the Company’s regularly scheduled fourth quarter Board meeting (currently scheduled for November 21, 2024).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Roy Blunt resigned as Director at SOUTHWEST AIRLINES CO.
- Action
- resigned
- Role
- Director
Exact text from the filing
On September 9, 2024, David W. Biegler, J. Veronica Biggins, Roy Blunt, William H. Cunningham, Thomas W. Gilligan, and Jill A. Soltau (the “Resigning Directors”) each submitted his or her resignation from the Board, effective immediately following the Company’s regularly scheduled fourth quarter Board meeting (currently scheduled for November 21, 2024).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
J. Veronica Biggins resigned as Director at SOUTHWEST AIRLINES CO.
- Action
- resigned
- Role
- Director
Exact text from the filing
On September 9, 2024, David W. Biegler, J. Veronica Biggins, Roy Blunt, William H. Cunningham, Thomas W. Gilligan, and Jill A. Soltau (the “Resigning Directors”) each submitted his or her resignation from the Board, effective immediately following the Company’s regularly scheduled fourth quarter Board meeting (currently scheduled for November 21, 2024).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Thomas W. Gilligan resigned as Director at SOUTHWEST AIRLINES CO.
- Action
- resigned
- Role
- Director
Exact text from the filing
On September 9, 2024, David W. Biegler, J. Veronica Biggins, Roy Blunt, William H. Cunningham, Thomas W. Gilligan, and Jill A. Soltau (the “Resigning Directors”) each submitted his or her resignation from the Board, effective immediately following the Company’s regularly scheduled fourth quarter Board meeting (currently scheduled for November 21, 2024).
View on SEC.gov
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