Form 8-K · Current report
Southwest Airlines 8-K, filed Aug 10, 2026
- Filed
- CIK
- 0000092380
- Accession no.
- 0000092380-26-000093
Summary
Southwest Airlines' board of directors appointed Varun Krishna, chief executive of Rocket Companies and interim chief executive of Redfin, and Jason T. Liberty, chair and chief executive of Royal Caribbean Cruises, as directors effective August 10, 2026, and increased the board's size to thirteen members. Both appointments are non-employee director roles with no committee assignments and no disclosed arrangements or understandings with other persons regarding their selection.
Key points
- Varun Krishna is chief executive of Rocket Companies and interim chief executive of Redfin; Jason T. Liberty is chair and chief executive of Royal Caribbean Cruises.
- The Board increased its size to thirteen members effective immediately.
- Neither new director was appointed to a Board committee, and the company states there are no arrangements or understandings with any other person under which either was selected.
- Non-employee directors receive a $100,000 annual retainer, flight passes and travel privileges, eligibility for equity grants under the 2007 Equity Incentive Plan, and severance-plan retirement payments of $35,000 after five years or $75,000 after ten years of service.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
From the filing
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Item 5.02(d) On August 10, 2026, the Board of Directors (the "Board") of Southwest Airlines Co. (the "Company") appointed Varun Krishna and Jason T. Liberty as members of the Board, effective immediately. Mr. Krishna is the Chief Executive Officer of Rocket Companies, Inc. and interim Chief Executive Officer of Redfin. Mr. Liberty is the Chair and Chief Executive Officer of Royal Caribbean Cruises Ltd. Non-employee members of the Company’s Board, including Mr. Krishna and Mr. …
An excerpt of the text as filed with the SEC, cut for length.
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