Elliott Investment Management demands a shareholder meeting at Southwest Airlines

Elliott Investment Management has informed Southwest Airlines that it is demanding the convening of an extraordinary shareholders' meeting. This marks the official beginning of the activist investor's first U.S. proxy fight since 2017, as reported by individuals familiar with the matter. As part of this confrontation, the investor nominated eight directors for the board of Southwest, aiming to replace the same number of current board members. These demands were disclosed by anonymous sources who wished to remain unnamed. Elliott is said to have requested that the meeting take place on December 10. This action demonstrates the investor's ambitious endeavor to influence the airline's future and potentially bring about significant strategic changes.