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Form 8-K · Current Report · Filed 2025-05-19

Southwest Airlines Updates Bylaws for Shareholder Rights

On May 16, 2025, Southwest Airlines Co. amended its bylaws to set a minimum ownership threshold of three percent for shareholders to pursue derivative proceedings and specified that the Northern District of Texas or the Texas Business Court will be the exclusive forum for certain internal entity claims. The bylaws also include a waiver of the right to a trial by jury in any legal action against the company or its directors, officers, or employees.

Filer
Southwest Airlines Co. LUV · NYSE
Filed
Accession
0000092380-25-000119
CIK
0000092380
Signal
High impactIndustrials

Items reported

Item 3.03

Material Modification to Rights of Security Holders

Material Modification of Rights of Security Holders
Item 5.03

Amendments to Articles of Incorporation or Bylaws

Bylaw Amendment
Item 9.01

Financial Statements and Exhibits

No viable tag

Market reaction

Close before filing

$32.67

Next session

-0.5%

Since filing

+37.6%

Latest close

$44.97

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from LUV reporting the same item, with the next session's move:

Exhibits (1)

About Southwest Airlines Co.

Southwest Airlines Co. is a prominent player in the aviation industry, providing scheduled air transportation services across the United States and neighboring regions. Established in 1967 and headquartered in Dallas, Texas, the airline is renowned for its low-cost, no-frills business model, pioneering the point-to-point flight route system, which eliminates the need for layovers and hub connections. This efficiency allows Southwest Airlines to offer competitive fares and maintain high aircraft utilization rates. The company operates a robust fleet composed primarily of Boeing 737 aircraft, optimizing maintenance and operational synergies. Southwest is well-regarded for its customer service approach, including policies like free checked bags and no change fees, setting it apart in a market often criticized for restrictive practices. Serving a diverse clientele that includes leisure and business travelers, Southwest Airlines Co. plays a crucial role in domestic and short-haul international travel, consistently ranking as one of the largest airlines by market share in the United States. Its strategic focus on cost efficiency and customer satisfaction has made it a formidable force in the competitive airline sector.

Exchange NYSE Industry Airlines Company website ↗

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