8-K
filed October 24, 2024, 7:59 PM ET
ticker LUV
CIK 0000092380
other material
confidence high
sentiment positive
materiality 0.85
Southwest settles with Elliott, adds 6 directors; Gary Kelly retires Nov 1
SOUTHWEST AIRLINES CO
- Cooperation agreement with Elliott ends special meeting request; 5 new directors from Elliott, plus Pierre Breber appointed.
- Executive Chairman Gary Kelly retires Nov 1; 6 other directors resign; board shrinks to 15 then to 13 after 2025 meeting.
- Gregg Saretsky to chair refreshed Finance Committee; David Cush also on committee.
- Elliott granted standstill and voting commitments; Rights Agreement terminated within 2 business days.
- New independent chair to be selected by reconstituted board; Kelly becomes Chairman Emeritus.
Key facts
Extracted from this filing and checked against the source text.
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
David W. Biegler, J. Veronica Biggins, Roy Blunt, William H. Cunningham, Thomas W. Gilligan, and Jill A. Soltau each submitted his or her resignation from the Board, effective 11:59 p.m. Central Time on November 1, 2024.
View on SEC.gov
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
Gary C. Kelly, Executive Chairman of the Board, notified the Company and the Board that he will retire from the Board and his office of Executive Chairman of the Board, effective 11:59 p.m. Central Time on November 1, 2024
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Pierre Breber was appointed as Director at SOUTHWEST AIRLINES CO.
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board appointed Pierre Breber as a member of the Board, effective 11:59 p.m. Central Time on November 1, 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
David W. Biegler, J. Veronica Biggins, Roy Blunt, William H. Cunningham, Thomas W. Gilligan, and Jill A. Soltau each submitted his or her resignation from the Board, effective 11:59 p.m. Central Time on November 1, 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
David W. Biegler, J. Veronica Biggins, Roy Blunt, William H. Cunningham, Thomas W. Gilligan, and Jill A. Soltau each submitted his or her resignation from the Board, effective 11:59 p.m. Central Time on November 1, 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
David W. Biegler, J. Veronica Biggins, Roy Blunt, William H. Cunningham, Thomas W. Gilligan, and Jill A. Soltau each submitted his or her resignation from the Board, effective 11:59 p.m. Central Time on November 1, 2024.
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
David W. Biegler, J. Veronica Biggins, Roy Blunt, William H. Cunningham, Thomas W. Gilligan, and Jill A. Soltau each submitted his or her resignation from the Board, effective 11:59 p.m. Central Time on November 1, 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
David W. Biegler, J. Veronica Biggins, Roy Blunt, William H. Cunningham, Thomas W. Gilligan, and Jill A. Soltau each submitted his or her resignation from the Board, effective 11:59 p.m. Central Time on November 1, 2024.
View on SEC.gov
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