Elliott reaches 10% stake in Southwest Airlines, enough to call shareholder meeting

Elliott Investment Management has reached the threshold in Southwest Airlines' bylaws to call a special shareholders meeting.

A Southwest Airlines jet takes off from Harry Reid International Airport in Las Vegas as another one prepares for flight, August 18, 2024.which first disclosed an 11% economic interest in Southwest in June,

can request a special shareholders meeting. Special shareholders meetings are rare but would signal Elliott has advanced its fight against the airline. Elliott has previously said it intends toElliott is demanding that Southwest reevaluate its board of directors, bring in new leadership and conduct a business review. Southwest and Elliott are scheduled to meet on Sept. 9.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

dallasnews /  🏆 18. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Activist Elliott will launch proxy fight at Southwest Airlines, to nominate as many as 10 directorsSouthwest Airlines investor Elliott Management plans to launch a proxy fight at the airline, and will nominate up to 10 directors to the company’s board.
Read more »

Elliott readies Southwest proxy fight with up to 10 directorsSouthwest Airlines investor Elliott Management plans to launch a proxy fight at the airline, and will nominate up to 10 directors to the company's board.
Read more »

Elliott readies Southwest proxy fight, will nominate 10 directorsSouthwest Airlines investor Elliott Management plans to launch a proxy fight at the airline, and will nominate up to 10 directors to the company's board.
Read more »

Elliott prepares for a proxy fight with Southwest AirlinesElliott Investment Management is looking to add up to 10 directors to Southwest Airlines' board and call a special shareholders meeting.
Read more »

Elliott targets Southwest Airlines board in bid to shake up leadershipElliott targets Southwest Airlines board in bid to shake up leadership
Read more »

Activist investor Elliott pushes to grab control of Southwest Airlines boardElliott is known for shaking up leadership at struggling companies and most recently pushed for the replacement of Starbucks CEO Laxman Narasimhan.
Read more »