Southwest Airlines Announces Board and Executive Changes
Ticker: LUV · Form: 8-K · Filed: 2025-01-10T00:00:00.000Z
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: LUV
TL;DR
Southwest Airlines reshuffled its board and exec pay structure as of Jan 7, 2025.
AI Summary
Southwest Airlines Co. announced on January 7, 2025, changes in its board of directors and executive compensation arrangements. The filing details the departure of certain officers and the election of new directors, alongside updates to compensatory arrangements for key executives.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance.
Risk Assessment
Risk Level: medium — Board and executive changes can indicate internal shifts that may impact future company direction and performance.
Key Numbers
- 74-1563240 — IRS Employer Identification No. (Identifies the company for tax purposes.)
- 1-7259 — SEC File Number (Identifies the company's SEC filings.)
Key Players & Entities
- SOUTHWEST AIRLINES CO (company) — Registrant
- Texas (location) — State of incorporation
- Dallas (location) — Principal executive offices city
- January 7, 2025 (date) — Date of earliest event reported
FAQ
What specific changes were made to the board of directors?
The filing indicates the departure of certain officers and the election of new directors, though specific names are not detailed in this summary section.
What is the effective date of these reported changes?
The earliest event reported is dated January 7, 2025.
What type of compensatory arrangements were updated?
The filing mentions updates to the compensatory arrangements of certain officers.
Where is Southwest Airlines Co. incorporated?
Southwest Airlines Co. is incorporated in Texas.
What is the primary business address of Southwest Airlines Co.?
The primary business address is 2702 Love Field Dr, Dallas, Texas, 75235.
From the Filing
0001193125-25-004026.txt : 20250110 0001193125-25-004026.hdr.sgml : 20250110 20250110061019 ACCESSION NUMBER: 0001193125-25-004026 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20250107 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250110 DATE AS OF CHANGE: 20250110 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHWEST AIRLINES CO CENTRAL INDEX KEY: 0000092380 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 741563240 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07259 FILM NUMBER: 25520152 BUSINESS ADDRESS: STREET 1: 2702 LOVE FIELD DR STREET 2: P O BOX 36611 CITY: DALLAS STATE: TX ZIP: 75235 BUSINESS PHONE: 2147924000 MAIL ADDRESS: STREET 1: PO BOX 36611 CITY: DALLAS STATE: TX ZIP: 75235-1611 FORMER COMPANY: FORMER CONFORMED NAME: AIR SOUTHWEST CO DATE OF NAME CHANGE: 19760108 8-K 1 d194515d8k.htm 8-K 8-K 0000092380 false 0000092380 2025-01-07 2025-01-07 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January  7, 2025 SOUTHWEST AIRLINES CO. (Exact name of registrant as specified in its charter)   Texas   1-7259   74-1563240 (State or other jurisdiction   (Commission   (I.R.S. Employer of incorporation)   File Number)   Identification No.)   P. O. Box 36611 Dallas , Texas   75235-1611 (Address of principal executive offices)   (Zip Code) Registrant’s telephone number, including area code: ( 214 ) 792-4000     Not Applicable Former name or former address, if changed since last report Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol   Name of each exchange on which registered Common Stock ($1.00 par value)   LUV   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On January 7, 2025, Tammy Romo, Executive Vice President & Chief Financial Officer of Southwest Airlines Co. (the “Company”), submitted her resignation from the position of Executive Vice President & Chief Financial Officer, effective April 1, 2025. On January 8, 2025, Linda Rutherford, Chief Administration Officer of the Compa