Southwest amends Elliott cooperation pact; transformation officer to leave

SOUTHWEST AIRLINES CO

Elliott can now acquire up to 19.9% aggregate economic exposure (was 14.9%) in LUV common stock.
Beneficial ownership cap of 12.49% extended until day after 2026 annual meeting record date or April 1, 2026.
Ryan Green, EVP & Chief Transformation Officer, steps down effective April 1, 2025.
Safety and Operations Committee obligations under the original cooperation agreement removed.

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