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
Southwest Airlines Company (NYSE:LUV) shares are trading lower on Wednesday.
週三，西南航空公司（NYSE:LUV）股票下跌交易。
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.
持有約11％經濟股份的Elliott投資管理公司昨天宣佈提名十位獨立和高素質的候選人擔任該航空公司的董事會成員。
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.
Elliott Investment先前曾建議採取三個關鍵行動來恢復西南航空公司的地位-重組董事會，安裝新領導班子並進行全面業務審查。
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).
根據Benzinga Pro的報道，LUV股票在過去一年中已經下跌了超過24％。投資者可以通過航空etf-u.s. global (NYSE:JETS)和Themes航空公司etf（NASDAQ:AIRL）獲得股票的投資機會。
Related Read: 'Poison Pill' Activated: Southwest Airlines Counters Elliott Investment's Move With Defense Strategy
相關閱讀：「防禦性招手」啓動：西南航空採取防禦性策略應對Elliott Investment的舉動
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.
Elliott表示，自6月10日首次報告以來，西南公司的業績已經惡化，但董事會的回應是進一步鞏固自己並抵制變革。
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.
Elliott指出，這些候選人將爲股東提供一個選擇，他們可以選擇現任董事會，現任董事會已經帶來了很差的回報並未能追究西南公司績效的管理層的責任，也可以選擇擁有相關專業知識，新鮮視角和承諾對治理負責的新董事會。
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.
Elliott的候選人如下：Michael Cawley，David Cush，Sarah Feinberg，Josh Gotbaum，Dave Grissen，Nancy Killefer，Robert Milton，Gregg Saretsky，Eash Sundaram和Patty Watson。
If elected, Elliott believes these candidates will help restore the company to its status as a leading airline with top-tier profitability.
如果當選，Elliott認爲這些候選人將幫助公司恢復領先的航空公司地位，實現一流的盈利能力。
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."
對此，西南航空公司表示：「西南航空公司董事會和執行領導團隊仍然願意與Elliott進行交流，討論推動股東價值的想法，該董事會將評估Elliott提出的候選人作爲其持續董事會更新過程的一部分。」
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.
西南航空公司表示，Elliott最近同意在9月初舉行會議，討論合作解決方案，但單方面決定公開宣佈替換大部分董事會成員。
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.
西南航空公司計劃在9月底的投資者日活動上提供有關全面轉型業務，改善運營效率和交付資本配置的具體計劃。
Southwest Airlines said its Board remains confident that the airline has the right leadership team in place to evolve the business.
西南航空公司表示，其董事會仍然相信該航空公司已經有了正確的領導團隊，可以推動業務的發展。
Price Action: LUV shares are trading lower by 0.78% to $25.22 at last check Wednesday.
股票價格變動：截至週三最後一個檢查時間，LUV股價下跌了0.78％至25.22美元。
Image by Around the World Photos via Shutterstock
由Shutterstock提供的Around the World Photos影像。
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