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.

The investment hedge fund Elliott has called for a December special meeting of the Southwest Airlines board of directors as it pushes for major changes at the Texas-based airline.

The move grants Elliott's nominees complete control of the Board. Southwest Airlines confirmed this today. Southwest's Board responded by issuing the subsequent statement: “Elliott’s Special Meeting request is unnecessary and inappropriate considering the extreme nature of Elliott’s demands.

Elliott Investment Management has been pushing for major changes at Southwest Airlines, and the founder of the investment firm has argued that the company’s current management and board members are not acting quickly enough.

Elliott Investment Management is following through on its word to make big changes at the top for Southwest Airlines.

An activist investor group which wants to see major changes at the top at Southwest Airlines has called a special meeting for December. It wants to replace at least eight members of the board of directors with its own candidates.