Southwest Airlines Files Proxy Statement

TL;DR

SWAV proxy filing is in, no fee needed. Standard procedure.

AI Summary

Southwest Airlines Co. filed a DEFA14A on October 16, 2024, related to its proxy statement. The filing indicates that no fee was required for this submission, and it was filed as soliciting material under Section 240.14a-12 of the Securities Exchange Act. The company's fiscal year ends on December 31st.

Why It Matters

This filing is a routine but important part of corporate governance, informing shareholders about company matters and their voting rights.

Risk Assessment

Risk Level: low — This is a standard 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
• 0001193125-24-238185 (other) — Accession Number
• 20241016 (date) — Filing Date
• AIR TRANSPORTATION, SCHEDULED [4512] (industry) — Standard Industrial Classification
• TX (location) — State of Incorporation
• 1934 Act (regulation) — SEC Act
• 001-07259 (other) — SEC File Number
• 241375325 (other) — Film Number
• 2702 LOVE FIELD DR (address) — Business Street 1
• P O BOX 36611 (address) — Business Street 2 / Mail Street 1

FAQ

Key Financial Figures

• $2.5 billion — ted its revenue guidance and approved a $2.5 billion buyback plan. Airline stocks soared fol
• $500 million — company expects to deliver an estimated $500 million of run-rate cost savings in 2027 by min
• $50 million — tal expenditures for aircraft to around $50 million through 2027. The companys board also a
• $2.50 — fuel to be a bit cheaper, ranging from $2.50 to $2.60 per gallon. In its Q2 report,
• $2.60 — be a bit cheaper, ranging from $2.50 to $2.60 per gallon. In its Q2 report, the airli
• $2.70 — 2 report, the airline expected $2.60 to $2.70 per gallon of fuel. In addition to th
• $4 billion — hwest said its three-year plan will add $4 billion to earnings before interest and taxes i
• $1.7 billion — have additional legroom, will generate $1.7 billion in earnings before interest and taxes i
• $1.5 billion — company found that bag fees would raise $1.5 billion of revenue but lose $1.8 billion from f
• $1.8 billion — raise $1.5 billion of revenue but lose $1.8 billion from flyers who opted for another airli
• $40 billion — ding Airbus planes. Southwest had about $40 billion of unencumbered assets, mostly from its

Filing Documents

• d600807ddefa14a.htm (DEFA14A) — 70KB
• g600807a1.jpg (GRAPHIC) — 8KB
• g600807a2.jpg (GRAPHIC) — 8KB
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• g600807g1015104608997.jpg (GRAPHIC) — 13KB
• 0001193125-24-238185.txt ( ) — 4005KB

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 October 15, 2024, Southwest Airlines Co. (the Company) issued digital advertisements that link to a website, airlinetransport.news , which contains copies of certain press releases. The digital advertisements are attached as Exhibit 1 , screenshots of the website are attached as Exhibit 2 and copies of the press releases are attached as Exhibit 3 . 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 Special Meeting of Shareholders (the Special 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 SPECIAL 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 Special 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 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 Initial Statements of Beneficial Ownership of Securities on Form 3 or Statements of Changes in Beneficial Ownership on Form 4 filed with the SEC on October 2, 2024 for Mr. Kelly (available here ); October 2, 2024 for Mr. Jordan (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 ); October 3, 2024 for Mr. Fornaro (available here ); October 2, 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 Special Meeting. Exh

View Full Filing

View this DEFA14A filing on SEC EDGAR