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Southwest Airlines logoSouthwest Airlines LUV

Southwest Airlines said it entered into an Amendment to the Rights Agreement on October 25, 2024 with Equiniti Trust Company, LLC (Rights Agent), which amended the Rights Agreement dated July 2, 2024.

8-KEntry into a Material Definitive AgreementFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Southwest Airlines said it entered into an Amendment to the Rights Agreement on October 25, 2024 with Equiniti Trust Company, LLC (Rights Agent), which amended the Rights Agreement dated July 2, 2024.

  2. The company said the Amendment advanced the expiration time of its common stock purchase rights to 5 p.m. New York City time on October 25, 2024, which terminates the Rights Agreement.

  3. The company said that at the time the Rights Agreement terminated, all Rights previously distributed to holders of its issued and outstanding common stock, par value $1.00, under the Rights Agreement had expired.

  4. The company reported the agreement under Item 1.01 (Entry into a Material Definitive Agreement) and included the same information by reference under Item 3.03 (Material Modification to Rights of Security Holders). It said the Amendment is attached as Exhibit 4.2.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Southwest Airlines Enters Amendment to Rights Agreement

Southwest Airlines said it entered into an Amendment to the Rights Agreement on October 25, 2024 with Equiniti Trust Company, LLC (Rights Agent), which amended the Rights Agreement dated July 2, 2024.

Source · Based on the filing body and exhibits

Rights Expiration Accelerated

The company said the Amendment advanced the expiration time of its common stock purchase rights to 5 p.m. New York City time on October 25, 2024, which terminates the Rights Agreement.

Source · Based on the filing body and exhibits

All Existing Common Stock Rights Expire

The company said that at the time the Rights Agreement terminated, all Rights previously distributed to holders of its issued and outstanding common stock, par value $1.00, under the Rights Agreement had expired.

Source · Based on the filing body and exhibits

Item 1.01 and Item 3.03 Disclosures

The company reported the agreement under Item 1.01 (Entry into a Material Definitive Agreement) and included the same information by reference under Item 3.03 (Material Modification to Rights of Security Holders). It said the Amendment is attached as Exhibit 4.2.

Source · Based on the filing body and exhibits

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.