Southwest Airlines Proxy Filing

TL;DR

SW: Proxy filing out, no fee. Standard stuff.

AI Summary

Southwest Airlines Co. filed a DEFA14A on September 30, 2024, related to proxy materials. The filing indicates that the company is the registrant and is soliciting material under Rule 14a-12. No filing fee was required for this submission.

Why It Matters

This filing is a standard regulatory document for public companies, providing shareholders with information related to upcoming meetings and voting matters.

Risk Assessment

Risk Level: low — This is a routine regulatory filing (DEFA14A) and does not contain new financial information or strategic changes that would inherently increase risk.

Key Players & Entities

• SOUTHWEST AIRLINES CO (company) — Registrant
• 20240930 (date) — Filing Date
• 20240930 (date) — Date as of Change
• 0000092380 (company) — Central Index Key
• 741563240 (company) — IRS Number
• TX (company) — State of Incorporation
• 1231 (company) — Fiscal Year End
• DEFA14A (document) — Form Type
• 1934 Act (company) — SEC Act
• 001-07259 (company) — SEC File Number

FAQ

Key Financial Figures

• $4 billion — these initiatives to yield an estimated $4 billion cumulative run rate improvement to base
• $1 billion — ating margin and free cash flow of over $1 billion despite being in a period of significan
• $3.5 billion — hat the Board of Directors authorized a $3.5 billion (sic) [ $2.5 billion ] share repurchase
• $2.5 billion — ctors authorized a $3.5 billion (sic) [ $2.5 billion ] share repurchase yesterday. Tammy wil

Filing Documents

• d850935ddefa14a.htm (DEFA14A) — 240KB
• g850935dsp01.jpg (GRAPHIC) — 3KB
• 0001193125-24-229117.txt ( ) — 246KB

From the Filing

DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No . ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under 240.14a-12 SOUTHWEST AIRLINES CO. (Name of Registrant as Specified in its Charter) (Name Of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 On September 26, 2024, Southwest Airlines Co. (the Company) hosted its Investor Day and provided details on the Companys transformation plan. The transcript of the Investor Day presentation, published on September 30, 2024 to the Companys Investor Relations website, is attached as Exhibit 1. Important Additional Information The Company intends to file a proxy statement and a WHITE proxy card with the U.S. Securities and Exchange Commission (the SEC) in connection with the solicitation of proxies for the Companys next meeting of Shareholders (whether an Annual or Special Meeting of Shareholders (the Shareholder Meeting)). SHAREHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED TO READ SUCH PROXY STATEMENT, ACCOMPANYING WHITE PROXY CARD AND ALL OTHER DOCUMENTS FILED WITH, OR FURNISHED TO, THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE SHAREHOLDER MEETING. Shareholders will be able to obtain the Companys proxy statement, any amendments or supplements to the proxy statement and other documents filed by the Company with the SEC at no charge at the SECs website at www.sec.gov . Copies will also be available at no charge at the Companys website at https://www.southwestairlinesinvestorrelations.com/financials/sec-filings . Participant Information The Company, each of its Directors (namely, Gary C. Kelly, Robert E. Jordan, William H. Cunningham, Ph.D., Lisa M. Atherton, David W. Biegler, J. Veronica Biggins, Roy Blunt, Douglas H. Brooks, Eduardo F. Conrado, Robert L. Fornaro, Rakesh Gangwal, Thomas W. Gilligan, Ph.D., David P. Hess, Elaine Mendoza, Christopher P. Reynolds, and Jill A. Soltau) and one of its executive officers (namely, Tammy Romo, Chief Financial Officer) are deemed to be participants (as defined in Section 14(a) of the Exchange Act) in the solicitation of proxies from the Companys Shareholders in connection with the matters to be considered at the Shareholder Meeting. Information about the compensation of our named executive officers and our non-employee Directors is set forth in the sections titled Compensation of Executive Officers and Compensation of Directors in the Companys definitive proxy statement on Schedule 14A for the Companys 2024 Annual Meeting of Shareholders, filed on April 5, 2024 (the 2024 Definitive Proxy), commencing on pages 28 and 64, respectively, and is available here . Information regarding the participants holdings of the Companys securities can be found in the section titled Security Ownership of Management in the Companys 2024 Definitive Proxy on page 27 and is available here , and as updated in the filings referenced below. Supplemental information regarding the participants holdings of the Companys securities can be found in SEC filings on Statements of Changes in Beneficial Ownership on Form 4 filed with the SEC on May 2, 2024 for Mr. Kelly (available here ); May 16, 2024 for Dr. Cunningham (available here ); May 16, 2024 for Ms. Atherton (available here ); May 16, 2024 for Mr. Biegler (available here ); May 16, 2024 for Ms. Biggins (available here ); May 16, 2024 for Mr. Blunt (available here ); May 16, 2024 for Mr. Brooks (available here ); May 16, 2024 for Mr. Conrado (available here ); August 1, 2024 for Mr. Gangwal (available here ); May 16, 2024 for Dr. Gilligan (available here ); May 16, 2024 for Mr. Hess (available here ); May 16, 2024 for Ms. Mendoza (available here ); May 16, 2024 for Mr. Reynolds (available here ); and May 16, 2024 for Ms. Soltau (available here ). Such filings are available on the Companys website at https://www.southwestairlinesinvestorrelations.com/financials/sec-filings or through the SECs website via the links referenced above. Updated information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the section titled Security Ownership of Management of the Companys proxy statement on Schedule 14A and other materials to be filed with the SEC in connection with the S

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