Elliott Investment Management plans to nominate a slate of candidates for Southwest Airlines Co.’s board, escalating the activist investor’s push for sweeping changes at the struggling carrier, according to a person familiar with the matter. Elliott will nominate as many as 10 directors and call a special meeting for investors to vote on the nominees,
In the first half of the year, 449 U.S. companies were subject to demands from activist investors, a 9% jump compared to the first half last year. And hedge funds are taking swings at big targets. More than half the demands made to companies in the first half were at large-caps with market values of
The National Rifle Association’s former finance czar, Wilson “Woody” Phillips, has been banned for a decade from managing money for any nonprofit company in New York, the state’s attorney general said Tuesday. Phillips agreed to the ban in May, three months after a jury found him liable in a scheme to have the influential gun rights organization
A tracking system for opioid settlement dollars allocated by the West Virginia First Foundation is on its way, though it’s still unclear when it will launch, according to State Auditor J.B. McCuskey. To date, no money has been distributed by the First Foundation, which was created last year as a private nonprofit to oversee the
These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from June 20 through June 26, 2024. Source:
These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from June 6 through June 12, 2024. Source: