The company said Executive Chairman Gary C. Kelly notified the company and its board that he will not stand for re-election at the 2025 Annual Meeting and will retire from the board and his Executive Chairman position immediately after that shareholder meeting.

1. 01

   The company said Executive Chairman Gary C. Kelly notified the company and its board that he will not stand for re-election at the 2025 Annual Meeting and will retire from the board and his Executive Chairman position immediately after that shareholder meeting.

2. 02

   Southwest Airlines said 6 directors will resign effective immediately after the regularly scheduled board meeting in Q4, scheduled for November 21, 2024, and the board size will be reduced to 9 members, then to 8 members immediately after the 2025 Annual Meeting.

3. 03

   The company said the Board anticipates appointing 4 new independent Directors in the near future, and that it expects the size of the Board to be 13 following the regularly scheduled Q4 Board meeting and 12 immediately after the 2025 Annual Meeting.

4. 04

   The company said that, in response to shareholder feedback, it eliminated the Executive Committee structure and formed a new Finance Committee responsible for oversight of financial and operating plans, capital allocation priorities and other matters.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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