Southwest Airlines Braces For Boardroom Battle As Elliott Nominates Ten Independent Candidates: Details
Southwest Airlines Braces For Boardroom Battle As Elliott Nominates Ten Independent Candidates: Details
According to Benzinga Pro, LUV stock has lost over 24% in the past year. Investors can gain exposure to the stock via U.S. Global Jets ETF (NYSE:JETS) and Themes Airlines ETF (NASDAQ:AIRL).Southwest Airlines Company (NYSE:LUV) shares are trading lower on Wednesday.
西南航空公司（纽约证券交易所代码：LUV）股价周三走低。
Elliott Investment Management, which holds roughly an 11% economic stake in Southwest Airlines, announced yesterday its plan to nominate ten independent and highly qualified candidates for the airline's Board of Directors.
持有西南航空约11％经济股份的埃利奥特投资管理公司昨天宣布计划提名十名独立和高素质候选人进入该航空公司董事会。
Elliott Investment has previously advocated for three critical actions to restore Southwest Airlines' position —reconstituting the Board, installing new leadership, and conducting a comprehensive business review.
埃利奥特投资此前曾主张采取三项关键行动来恢复西南航空的地位——重组董事会、任命新的领导层和进行全面的业务审查。
According to Benzinga Pro, LUV stock has lost over 24% in the past year. Investors can gain exposure to the stock via U.S. Global Jets ETF (NYSE:JETS) and Themes Airlines ETF (NASDAQ:AIRL).
根据Benzinga Pro的数据，LUV的股票在过去一年中下跌了24％以上。投资者可以通过美国环球喷气机ETF（纽约证券交易所代码：JETS）和主题航空ETF（纳斯达克股票代码：AIRL）获得股票敞口。
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Elliott said Southwest's performance has deteriorated since its initial report on June 10, and the Board has responded by further entrenching itself and resisting change.
埃利奥特说，自6月10日发布初步报告以来，西南航空的业绩有所恶化，董事会的回应是进一步巩固自己的地位，抵制变革。
Elliott noted that these candidates would offer shareholders a choice between the current Board, which has delivered poor returns and failed to hold management accountable for Southwest's performance, and a new Board with relevant expertise, fresh perspectives, and a commitment to accountability.
埃利奥特指出，这些候选人将让股东在现任董事会和具有相关专业知识、新视角和问责承诺的新董事会之间做出选择，前者回报不佳，未能追究管理层对西南航空业绩的责任。
Elliott's candidates are as follows: Michael Cawley, David Cush, Sarah Feinberg, Josh Gotbaum, Dave Grissen, Nancy Killefer, Robert Milton, Gregg Saretsky, Eash Sundaram, and Patty Watson.
埃利奥特的候选人如下：迈克尔·考利、大卫·库什、莎拉·费恩伯格、乔什·戈特鲍姆、戴夫·格里森、南希·基勒弗、罗伯特·米尔顿、格雷格·萨雷茨基、埃什·桑达拉姆和帕蒂·沃森。
If elected, Elliott believes these candidates will help restore the company to its status as a leading airline with top-tier profitability.
埃利奥特认为，如果当选，这些候选人将有助于恢复公司作为具有顶级盈利能力的领先航空公司的地位。
In response, Southwest said, "The Southwest Airlines Board and Executive Leadership Team remain open to conversations with Elliott to discuss ideas to drive Shareholder value, and the Board will evaluate Elliott's proposed nominees as part of its ongoing Board refreshment process."
作为回应，西南航空表示：“西南航空董事会和执行领导团队仍然愿意与埃利奥特进行对话，讨论提高股东价值的想法，董事会将在正在进行的董事会更新过程中对埃利奥特的提名人进行评估。”
Southwest Airlines said Elliott recently agreed to a meeting in early September to discuss a collaborative resolution but unilaterally decided instead to publicly announce its intention to replace a majority of the Board.
西南航空表示，埃利奥特最近同意在9月初举行会议，讨论一项合作决议，但单方面决定公开宣布其更换董事会多数成员的意图。
Southwest Airlines plans to provide additional details on a comprehensive plan to transform its business, improve operational efficiency, and deliver capital allocation discipline during its Investor Day in late September.
西南航空计划在9月下旬的投资者日期间提供有关一项全面计划的更多细节，该计划旨在实现业务转型、提高运营效率和实施资本配置纪律。
Southwest Airlines said its Board remains confident that the airline has the right leadership team in place to evolve the business.
西南航空表示，其董事会仍然相信，该航空公司拥有合适的领导团队来发展业务。
Price Action: LUV shares are trading lower by 0.78% to $25.22 at last check Wednesday.
价格走势：周三最后一次检查时，LUV股价下跌0.78％，至25.22美元。
Image by Around the World Photos via Shutterstock
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