Expeditors International Files 8-K

TL;DR

EXPD filed an 8-K for a Reg FD disclosure. No new material info.

AI Summary

Expeditors International of Washington, Inc. filed an 8-K on March 4, 2024, reporting a Regulation FD Disclosure. The filing does not contain specific financial figures or new material events beyond the disclosure itself.

Why It Matters

This filing indicates a disclosure event under Regulation FD, which ensures that material information is broadly disseminated to the public.

Risk Assessment

Risk Level: low — The filing is a standard procedural disclosure and does not contain information that would typically impact stock price or indicate significant risk.

Key Players & Entities

• EXPEDITORS INTERNATIONAL OF WASHINGTON, INC. (company) — Registrant
• 0000950170-24-025230 (filing_id) — Accession Number
• March 04, 2024 (date) — Date of earliest event reported
• 1015 Third Avenue, Seattle, Washington 98104 (address) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share EXPD New York Stock Excha

Filing Documents

• expd-20240304.htm (8-K) — 57KB
• 0000950170-24-025230.txt ( ) — 169KB
• expd-20240304.xsd (EX-101.SCH) — 23KB
• expd-20240304_htm.xml (XML) — 4KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. The following information is included in this document as a result of Expeditors' policy regarding public disclosure of corporate information. SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS UNDER SECURITIES LITIGATION REFORM ACT OF 1995; CERTAIN CAUTIONARY STATEMENTS Certain portions of this document contain forward-looking statements, which are based on certain assumptions and expectations of future events that are subject to risks and uncertainties. These forwarding looking statements include our ability to manage, right-size and reallocate headcount; that our employees will enable us to support an increase in our business when tonnage and volumes begin to meaningfully grow; that our compensation structure will continue to act as a regulator on salaries and related costs; that technology and efficiency gains can enhance our services and productivity; and the risk of economic uncertainty. These and other factors are discussed in the Company's regulatory filings with the Securities and Exchange Commission, including those in "Item 1A. Risk Factors" of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023. The forward-looking statements contained in this filing speak only as of this date and the Company does not assume any obligation to update them except as required by law. SELECTED QUESTIONS & ANSWERS 1. One thing that we believe to be (generally) true about the company is that headcount reduction is not something in which you typically engage, and you are willing to keep headcount temporarily higher than the market cycle may dictate. Is there anything particularly unique about this cycle that leads you to make this decision? Is it just the case that the "COVID boom" led you to overhire? To what extent are you replacing labor with technology in this particular cycle? It is true that throughout our 40+ years, we have not conducted mass layoffs. Our unique performance-based compensation struct

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EXPEDITORS INTERNATIONAL OF WASHINGTON, INC. Date: March 4, 2024 By: /s/ BRADLEY S. POWELL Bradley S. Powell, Senior Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR