secwatch.observer — SEC 8-K summary
======================================

Issuer:     SOUTHWEST AIRLINES CO (LUV)
CIK:        0000092380
Form:       8-K
Filed at:   2025-02-19T23:59:59+00:00
Accession:  0001193125-25-029062
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southwest amends Elliott cooperation pact; transformation officer to leave
--------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92380/000119312525029062/0001193125-25-029062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92380/000119312525029062/d919314d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-029062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer