Elliott Management will call a Southwest special meeting next week via Investing.com

Investing.com — Elliott Management said on Tuesday it will request a special meeting with Southwest Airlines as soon as next week, as the activist investor tries to push for a change in leadership amid concerns about how the airline is going to- and change the business.

Southwest is expected to unveil its performance improvement plan at its May investor meeting. 25. But Elliot Management criticized the airline’s decision to go it alone rather than take a collaborative approach to restore performance that the activist investor says would require a change in leadership.

Ellott, which owns an 11 percent stake in Southwest, said it plans to formally call a special meeting in the coming weeks — possibly as early as next week.

“We believe competent new leaders, working through a deliberate and thoughtful process, should lead the way for Southwest,” Elliott partner John Pike and portfolio manager Bobby Xu said in a letter to shareholders.

Elliott also warned shareholders that the airline was trying to limit the number of shareholders eligible to vote through something known as a “false record date”, urging them to take action against these “defensive actions”.

The next “false check-in date” set by Southwest is October 7th.

“Elliott strongly urged all Southwest stockholders — particularly those who engage in stock lending or authorize their brokers to engage in stock lending — to work with their banks and brokers as soon as possible to confirm that they can vote all of their Southwest shares without voting. no later than October 7,” the activist investor fund said.

Southwest Airlines Company (NYSE: ) rose nearly 1% in recent trading.