Southwest Airlines Terminates Rights Agreement Early

On October 25, 2024, Southwest Airlines Co. announced the termination of its Rights Agreement with Equiniti Trust Company, LLC, earlier than anticipated. This agreement, entered into on July 2, 2024, was modified by an Amendment to advance the expiration time of the Company’s common stock purchase rights to 5:00 P.M., New York City time, on October 25, 2024.

Upon the termination of the Rights Agreement, all common stock purchase rights distributed to holders of Southwest Airlines Co.’s issued and outstanding common stock, par value $1.00, expired. The complete details of this Amendment to the Rights Agreement can be found in Exhibit 4.2, which is incorporated into the report.

This announcement was made through a Current Report on Form 8-K filed with the United States Securities and Exchange Commission. The modification of the Rights Agreement falls under Item 3.03, which indicates a material change to the rights of security holders. Southwest Airlines Co. deemed it necessary to report these modifications promptly in accordance with regulatory requirements.

As per Item 9.01 of the filing, the document includes the relevant financial statements and exhibits. It lists the previous Rights Agreement from July 2, 2024, and the Amendment to the Rights Agreement dated October 25, 2024, among other filings.

The signing of this report was authorized on behalf of Southwest Airlines Co. by Jeff Novota, Vice President General Counsel & Corporate Secretary, on October 25, 2024. This announcement marks a significant development in the corporate governance of Southwest Airlines Co.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Southwest Airlines’s 8K filing here.

Southwest Airlines Company Profile

Southwest Airlines Co operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2023, the company operated a total fleet of 817 Boeing 737 aircraft; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.