Heartland Express Announces Executive and Director Changes

Ticker: HTLD · Form: 8-K · Filed: Jan 6, 2025 · CIK: 799233

Sentiment: neutral

Topics: leadership-change, executive-compensation, governance

Related Tickers: HTLD

TL;DR

Heartland Express (HTLD) shakes up leadership on Jan 1st. New execs and directors in.

AI Summary

Heartland Express, Inc. announced on January 1, 2025, changes in its executive and director positions. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key executives. Specific names of departing and newly appointed individuals are not detailed in this excerpt, but the changes are effective as of January 1, 2025.

Why It Matters

Changes in executive and director leadership can signal shifts in company strategy, operational focus, or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Leadership changes can introduce uncertainty regarding future strategy and execution, warranting closer monitoring by investors.

Key Numbers

Key Players & Entities

FAQ

What specific roles have been affected by the executive and director changes at Heartland Express?

The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers,' but does not specify the exact roles in this excerpt.

Who are the new directors and officers appointed by Heartland Express?

This excerpt does not name the specific individuals elected as directors or appointed as officers.

What is the effective date of these leadership changes?

The earliest event reported is dated January 1, 2025, and the date as of change is also January 1, 2025.

Are there any changes to executive compensation arrangements mentioned?

Yes, the filing explicitly lists 'Compensatory Arrangements of Certain Officers' as an item of disclosure, indicating updates or new arrangements.

Where is Heartland Express, Inc. headquartered?

Heartland Express, Inc.'s principal executive offices are located at 901 Heartland Way, North Liberty, IA 52317.

Filing Stats: 460 words · 2 min read · ~2 pages · Grade level 12.3 · Accepted 2025-01-06 16:16:55

Key Financial Figures

Filing Documents

From the Filing

htld-20250101 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 -------------------------------------------------------------- FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 1, 2025 ---------------------------------------------------------------- HEARTLAND EXPRESS, INC . (Exact name of registrant as specified in its charter) Nevada 000-15087 93-0926999 (State of other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 901 HEARTLAND WAY, NORTH LIBERTY, IA 52317 (Address of Principal Executive Offices) (Zip Code) ( 319 ) 626-3600 Registrant's Telephone Number (including area code): Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value HTLD NASDAQ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On January 1, 2025, the Compensation Committee approved the following equity grants under the Company's 2021 Restricted Stock Award Plan for two of the Company's named executive officers. Named Executive Officer # of Shares Granted Christopher A. Strain, Vice President of Finance, Treasurer, and Chief Financial Officer 1,000 (1) Kent D. Rigdon, Chief Operating Officer 1,000 (1) (1) Of the 1,000 restricted shares granted, 250 shares immediately vested, 250 shares will vest on April 1, 2025, 250 shares will vest on July 1, 2025, and 250 shares will vest on October 1, 2025. The award is subject to certain other vesting and forfeiture provisions. SIGNATURE 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. HEARTLAND EXPRESS, INC. Date: January 6, 2025 By:/s/Christopher A. Strain Christopher A. Strain Vice President-Finance, Treasurer and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR

View on Read The Filing