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Elliott's 13D Filing

Elliott's 13D Filing

August 13, 2024

This evening you will see a release and amendment to Elliott Investment Management’s (EIM) 13D filing. SWAPA has had conversations with Elliott throughout the past week and tonight they will be releasing the slate of candidates they foresee replacing a majority of Southwest Airlines’ current Board of Directors. In discussions with SWAPA, the Elliott team told us that they sought a diverse group that focused on these key elements:

 

  • Successful low-cost and full-service airline executives
  • Technology operators
  • Labor relations
  • Hospitality
  • Regulatory/safety expertise
  • General “transformative” experience

 

In Elliott’s own words, they believe that “Southwest Airlines is about to have the greatest infusion of talent in airline history.”

 

At our last meeting, EIM told us that they intended to leave the airline better than they found it, and with today’s announcement they believe they are making good on that statement. Based on today’s conversation, our next steps will be to sit down with their 10 prospective BOD members, which is an opportunity we have never been afforded with the current SWA "Team.” 

 

We will share more information as it develops. Here is a link to the latest release published on Stronger Southwest.

 

Casey Murray, President

Tom Nekouei, Vice President

Hank Ketchum, 2nd Vice President

execs@swapa.org