Form 8-K

 

 

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) May 18, 2011

 

 

Southwest Airlines Co.

(Exact name of registrant as specified in its charter)

 

 

 

Texas   1-7259   74-1563240

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

P.O. Box 36611, Dallas, Texas   75235
(Address of principal executive offices)   (Zip Code)

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

 

 

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 (see General Instruction A.2. below):

 

¨ 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))

 

 

 


Item 5.07 Submission of Matters to a Vote of Security Holders.

 

(a) The Annual Meeting of Shareholders of Southwest Airlines Co. (the “Company”) was held in Dallas, Texas on Wednesday, May 18, 2011.

 

(b) The following matters were voted on by the Company’s shareholders at the Annual Meeting and received the following votes:

 

1. Proposal 1 – Election of nine Directors for one-year terms expiring in 2012:

 

NOMINEE

   VOTES FOR      VOTES
AGAINST
     ABSTENTIONS      BROKER
NON-VOTES
 

David W. Biegler

     605,759,517         6,956,698         1,351,446         78,990,651   

Douglas H. Brooks

     608,008,213         5,122,444         937,004         78,990,651   

William H. Cunningham

     599,429,199         13,292,422         1,346,040         78,990,651   

John G. Denison

     608,239,659         4,989,593         838,409         78,990,651   

Gary C. Kelly

     601,126,651         12,029,570         911,440         78,990,651   

Nancy B. Loeffler

     606,880,825         6,125,015         1,061,821         78,990,651   

John T. Montford

     608,801,714         4,368,237         897,710         78,990,651   

Thomas M. Nealon

     610,814,285         2,219,379         1,033,997         78,990,651   

Daniel D. Villanueva

     605,575,222         7,532,411         960,028         78,990,651   

 

2. Proposal 2 – An advisory (nonbinding) vote on the compensation of the Company’s named executive officers.

 

VOTES FOR

  

VOTES

AGAINST

  

ABSTENTIONS

  

BROKER

NON-VOTES

599,332,558    13,497,588    1,237,515    78,990,651

 

3. Proposal 3 – An advisory (nonbinding) vote on the frequency of executive compensation advisory votes.

 

VOTES FOR

ONE YEAR

  

VOTES FOR

TWO YEARS

  

VOTES FOR

THREE YEARS

  

ABSTENTIONS

  

BROKER
NON-VOTES

475,613,680    3,253,946    133,932,982    1,267,053    78,990,651

See Item 5.07(d) below.

 

4. Proposal 4 – A proposal to ratify the selection of Ernst & Young LLP as the Company’s independent auditors for the fiscal year ending December 31, 2011.

 

VOTES FOR

  

VOTES

AGAINST

  

ABSTENTIONS

  

BROKER

NON-VOTES

685,929,400    6,312,290    816,622    0


5. Proposal 5 – A shareholder proposal requesting that the Board take the steps necessary so that each shareholder voting requirement impacting the Company that calls for a greater than simple majority vote be changed to a majority of the votes cast for and against the proposal.

This proposal was not submitted to a vote at the Annual Meeting of Shareholders because the proponent failed to properly present the proposal personally or through a qualified representative at the meeting.

Had the proposal been properly presented, the proposal would have received the following votes:

 

VOTES FOR

  

VOTES

AGAINST

  

ABSTENTIONS

  

BROKER

NON-VOTES

399,756,879    212,655,095    1,655,687    78,990,651

 

(c) Not applicable.

 

(d) Based on the results set forth in Item 5.07(b)(3) above, until the next required vote on the frequency of shareholder votes on the compensation of executives, the Company has decided to include an advisory vote on the compensation of executives in its proxy materials on an annual basis.


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.

 

May 24, 2011

    By:  

/s/ Laura Wright

      Senior Vice President Finance & Chief Financial Officer