The second largest shareholder of Southwest Airlines is calling for special meeting of shareholders to vote on its slate of eight new directors, which would represent a majority of the struggling airline's board.

The investment group pushing for major changes at Dallas-based Southwest Airlines has called for a special meeting to replace the company's board of directors.In a news release Monday, Elliott Investment Management said it wants to hold a vote on Dec.

Elliott Investment Management is taking its fight with Southwest Airlines to investors by calling for a special shareholder meeting where they can vote on new director candidates who would ultimately steer company strategy.

Take Aways Elliott Investment Management has called for a special meeting of Southwest Airlines shareholders in December. The investment firm has nominated eight board candidates, and has recommended removing eight current board members.

Elliott Investment Management has asked for a special meeting of Southwest Airlines shareholders and nominated eight directors to the U.S. carrier's board, the activist investor said on Monday. The hedge fund wants Southwest to change the way it runs its business.