Activist investor Elliott Management has requested a December 10 special meeting date at Southwest Airlines, as it seeks to oust CEO Bob Jordan.
Elliott has formally called for a special meeting at Southwest Airlines, the activist's first U.S. proxy fight since 2017.Elliott has requested a Dec. 10 meeting date, and has also trimmed the size of its board slate from 10 nominees to eight.The activist is seeking a meeting date of Dec. 10, it said Monday. Elliott has also trimmed the size of its board slate from 10 director candidates to eight, after Southwest shrunk its board size from 15 to 12.
Elliott has never before called for a special meeting, which at Southwest carries a higher threshold of approval compared with voting at a regularly scheduled shareholder meeting. Elliott will have a little less than two months to solicit votes from shareholders large and small.Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly
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