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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 7, 2025

LOGO

SOUTHWEST AIRLINES CO.
(Exact name of registrant as specified in its charter)

 

Texas

 

1-7259

 

74-1563240

(State or other jurisdiction   (Commission   (I.R.S. Employer
of incorporation)   File Number)   Identification No.)

 

P. O. Box 36611

Dallas, Texas

  75235-1611

(Address of principal

executive offices)

  (Zip Code)

Registrant’s telephone number, including area code: (214) 792-4000 

 

Not Applicable
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol   Name of each exchange on which registered
Common Stock ($1.00 par value)   LUV   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) On January 7, 2025, Tammy Romo, Executive Vice President & Chief Financial Officer of Southwest Airlines Co. (the “Company”), submitted her resignation from the position of Executive Vice President & Chief Financial Officer, effective April 1, 2025.

On January 8, 2025, Linda Rutherford, Chief Administration Officer of the Company, submitted her resignation from the position of Chief Administration Officer, effective April 1, 2025.

Item 7.01. Regulation FD Disclosure.

On January 9, 2025, the Company issued a press release announcing Ms. Romo’s and Ms. Rutherford’s resignations. The press release is furnished herewith as Exhibit 99.1 and is incorporated by reference into this Item 7.01.

The information furnished in this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits:

99.1 Registrant’s Press Release.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

       

SOUTHWEST AIRLINES CO.

 

January 10, 2025     By:   /s/ Jeff Novota
            Jeff Novota
            General Counsel & Corporate Secretary

Exhibit 99.1

 

LOGO

SOUTHWEST ANNOUNCES LEADERSHIP CHANGES

DALLAS—Jan. 9, 2025—Today two longtime Leaders at Southwest Airlines Co. (NYSE: LUV) announced plans to retire from their executive officer positions. Executive Vice President & Chief Financial Officer Tammy Romo and Chief Administration Officer Linda Rutherford will retire from their positions effective April 1, 2025.

“For more than three decades, Tammy and Linda have led our organization with vision, integrity, and an unwavering commitment to excellence,” said Bob Jordan, President, Chief Executive Officer, & Vice Chairman of the Board of Directors at Southwest Airlines. “Both have managed the Company through highs and lows—and Southwest Airlines is better because of their influence on many of our most significant achievements. We are grateful for their contributions, which will shape our future for years to come.”

Tammy Romo

Romo joined Southwest Airlines® in 1991 and has held many Leadership roles in the past 33 years, including Head of Investor Relations, Controller, Treasurer, and Senior Vice President Planning. She became Executive Vice President & Chief Financial Officer in 2012, and since that time, has been responsible for overseeing the airline’s finance activities and initiatives, as well as Supply Chain Management, Corporate Strategy, Fuel Strategy & Management, Fleet Strategy & Management, and Environmental Sustainability.

Over Romo’s career, her accolades include being recognized by WomenInc. as a Most Influential Corporate Director in 2023, named D CEO Magazine’s Outstanding CFO for a Public Company in 2022 and 2014, Dallas Business Journal’s 2014 CFO of the Year, and named in Institutional Investor’s All-America Executive Team for Airlines. In addition, Tammy is a Lifetime member of the McCombs School Advisory Council and an Emeritus member of the Accounting Advisory Council.

Southwest will begin a search for Romo’s replacement.

Linda Rutherford

Rutherford came to Southwest in 1992 as a Public Relations Coordinator after time spent working as a news journalist. At Southwest®, Rutherford has focused largely on the Communications space, including serving as the Chief Communications Officer for seven years before assuming her current role as Chief Administration Officer. In her current capacity, Linda oversees Culture & Communications, Internal Audit, People, Talent & Leadership, Total Rewards, Technology, and Southwest University.

Among Rutherford’s myriad honors, she has received the 2023 PRWeek Women of Distinction, the 2023 Missouri Honor Medal, and the 2022 Institute of Public Relations Lifetime Achievement Award. She is also an inductee into the halls of fame for PR News Measurement, PR News Public Relations, and the Texas Tech University College of Media & Communications.

About Southwest Airlines Co.

Southwest Airlines Co. operates one of the world’s most admired and awarded airlines, offering its one-of-a-kind value and Hospitality at 117 airports across 11 countries. Southwest took flight in 1971 to democratize the sky through friendly, reliable, and low-cost air travel and now carries more air travelers flying nonstop within the United States than any other airline1. By empowering its more than 73,0002 People to deliver unparalleled Hospitality, the maverick airline cherishes a passionate loyalty among more than 137 million Customers carried in 2023. Southwest leverages a unique legacy and mission to serve communities around the world including harnessing the power of its People and Purpose to put communities at the Heart of its success. Learn more by visiting Southwest.com/citizenship.

1Based on U.S. Dept. of Transportation quarterly Airline Origin & Destination Survey since Q1 2021

2Fulltime-equivalent active Employees

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Document and Entity Information
Jan. 07, 2025
Cover [Abstract]  
Document Type 8-K
Document Period End Date Jan. 07, 2025
Entity Registrant Name SOUTHWEST AIRLINES CO.
Entity Incorporation State Country Code TX
Entity File Number 1-7259
Entity Tax Identification Number 74-1563240
Entity Address Address Line 1 P. O. Box 36611
Entity Address City Or Town Dallas
Entity Address State Or Province TX
Entity Address Postal Zip Code 75235-1611
City Area Code 214
Local Phone Number 792-4000
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Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Security 12b Title Common Stock ($1.00 par value)
Trading Symbol LUV
Security Exchange Name NYSE
Entity Emerging Growth Company false
Entity Central Index Key 0000092380
Amendment Flag false

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