The company said on February 10, 2025 that its board unanimously elected Tom Doxey as Executive Vice President & Chief Financial Officer to succeed Tammy Romo. The appointment takes effect on March 10, 2025, when Romo will step down from that role.

1. 01

   The company said on February 10, 2025 that its board unanimously elected Tom Doxey as Executive Vice President & Chief Financial Officer to succeed Tammy Romo. The appointment takes effect on March 10, 2025, when Romo will step down from that role.

2. 02

   Southwest Airlines said Tom Doxey, 45, was President of Breeze Airways from 2022 to 2024. It also said he served as Senior Vice President, Technical Operations at United Airlines from 2019 to 2022, and as CFO, Operations at United Airlines from 2016 to 2019.

3. 03

   The company said its Compensation Committee approved a base salary of $575,000 a year and an annual target cash short-term incentive of $776,250, prorated for 2025, effective on February 4, 2025. It said the RSUs to be granted to Doxey in March 2025 have a grant date fair value of $1,293,750 and $1,500,000, and the PBRSUs have a grant date fair value of $1,293,750.

4. 04

   The company said it approved a cash award of $500,000 for Doxey. If he resigns or is terminated with cause within 12 months of March 10, 2025, he must repay 100%, and if this happens within 24 months, he must repay 50%.

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

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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