Southwest Airlines Amends Bylaws to Set Shareholder Threshold and Designate Legal Forum

Reuters

05-20

Southwest Airlines Amends Bylaws to Set Shareholder Threshold and Designate Legal Forum

Southwest Airlines Co. has announced amendments to its bylaws following changes to the Texas Business Organizations Code. Effective May 16, 2025, these amendments set a minimum ownership threshold of 3% of the company's common stock for shareholders to pursue derivative proceedings. Additionally, the bylaws designate the United States District Court for the Northern District of Texas or the Texas Business Court in Dallas County as the exclusive forum for certain internal claims, unless the company consents to a different venue. Shareholders also waive the right to a jury trial for internal entity claims and other related legal actions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Southwest Airlines Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000092380-25-000119), on May 19, 2025, and is solely responsible for the information contained therein.

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Effective May 16, 2025, these amendments set a minimum ownership threshold of 3% of the company's common stock for shareholders to pursue derivative proceedings. Additionally, the bylaws designate the United States District Court for the Northern District of Texas or the Texas Business Court in Dallas County as the exclusive forum for certain internal claims, unless the company consents to a different venue. Shareholders also waive the right to a jury trial for internal entity claims and other related legal actions.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Southwest Airlines Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000092380-25-000119), on May 19, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LUV","symbol_name":"西南航空","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250519:nNDL5fcQMJ:1","article_id":"2536305996","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2536305996","pubTimestamp":1747687185,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Southwest Airlines Co. has announced amendments to its bylaws following changes to the Texas Business Organizations Code. Effective May 16, 2025, these amendments set a minimum ownership threshold of 3% of the company's common stock for shareholders to pursue derivative proceedings. Additionally, the bylaws designate the United States District Court for the Northern District of Texas or the Texas Business Court in Dallas County as the exclusive forum for certain internal claims, unless the company consents to a different venue. Shareholders also waive the right to a jury trial for internal entity claims and other related legal actions.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Southwest Airlines Co. published the original content ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LUV":"西南航空","BK4585":"ETF&股票定投概念","BK4008":"航空公司","BK4588":"碎股","BK4500":"航空公司"},"translate_title":"西南航空修改章程设定股东门槛并指定法律论坛","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LUV":0.9},"content_text":"Southwest Airlines Amends Bylaws to Set Shareholder Threshold and Designate Legal Forum\n    \n\n        Southwest Airlines Co. has announced amendments to its bylaws following changes to the Texas Business Organizations Code. Effective May 16, 2025, these amendments set a minimum ownership threshold of 3% of the company's common stock for shareholders to pursue derivative proceedings. Additionally, the bylaws designate the United States District Court for the Northern District of Texas or the Texas Business Court in Dallas County as the exclusive forum for certain internal claims, unless the company consents to a different venue. Shareholders also waive the right to a jury trial for internal entity claims and other related legal actions.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Southwest Airlines Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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