Proficient Auto Logistics Files 8-K/A Amendment on Leadership Changes
Ticker: PAL · Form: 8-K/A · Filed: May 16, 2024 · CIK: 1998768
| Field | Detail |
|---|---|
| Company | Proficient Auto Logistics, Inc (PAL) |
| Form Type | 8-K/A |
| Filed Date | May 16, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, officer-appointment, director-departure, amendment
TL;DR
Proficient Auto Logistics (PAL) amended its 8-K, updating leadership and officer compensation details effective May 13th.
AI Summary
Proficient Auto Logistics, Inc. filed an amendment (8-K/A) on May 16, 2024, to a previous report concerning events on May 13, 2024. The amendment pertains to the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements for certain officers. The filing indicates changes in the company's leadership and compensation structures.
Why It Matters
This amendment signals potential shifts in the company's strategic direction or operational management due to changes in key personnel and their compensation.
Risk Assessment
Risk Level: medium — Amendments to 8-K filings, especially those concerning officer and director changes, can indicate underlying issues or strategic shifts that may impact the company's future performance.
Key Numbers
- 001-42035 — SEC File Number (Identifies the company's filing with the SEC.)
- 93-1869180 — IRS Employer Identification Number (Company's tax identification number.)
Key Players & Entities
- Proficient Auto Logistics, Inc. (company) — Registrant
- May 13, 2024 (date) — Earliest event date
- May 16, 2024 (date) — Filing date of amendment
- Delaware (jurisdiction) — State of incorporation
- Jacksonville, FL (location) — Principal executive offices
FAQ
What specific leadership roles were affected by this amendment?
The amendment pertains to the departure of directors or certain officers, election of directors, and appointment of certain officers.
What is the primary reason for filing this 8-K/A amendment?
The amendment is to update information regarding changes in the company's directors and officers, and their compensatory arrangements.
When were the events reported in this amendment originally intended to be reported?
The earliest event reported was on May 13, 2024, and this amendment was filed on May 16, 2024.
What is the principal executive office address for Proficient Auto Logistics, Inc.?
The principal executive offices are located at 12276 San Jose Blvd., Suite 426, Jacksonville, FL 32223.
What is the SIC code for Proficient Auto Logistics, Inc.?
The Standard Industrial Classification (SIC) code is 4700, categorized under TRANSPORTATION SERVICES.
Filing Stats: 455 words · 2 min read · ~2 pages · Grade level 11.4 · Accepted 2024-05-16 16:15:23
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share PAL Nasdaq Glo
Filing Documents
- ea0206378-8ka1_proficient.htm (8-K/A) — 29KB
- 0001213900-24-044322.txt ( ) — 202KB
- pal-20240513.xsd (EX-101.SCH) — 3KB
- pal-20240513_lab.xml (EX-101.LAB) — 33KB
- pal-20240513_pre.xml (EX-101.PRE) — 22KB
- ea0206378-8ka1_proficient_htm.xml (XML) — 4KB
From the Filing
UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (date of earliest event reported): May 13, 2024 Proficient Auto Logistics, Inc. (Exact name of registrant as specified in its charter) Delaware 001-42035 93-1869180 (State or other jurisdiction of incorporation) (Commission file number) (IRS employer identification number) 12276 San Jose Blvd. , Suite 426 Jacksonville , FL 32223 (Address of principal executive offices) Registrant's telephone number, including area code: ( 904 ) 506-7918 Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligations 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)) 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. 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 per share PAL Nasdaq Global Market Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 15, 2024, Proficient Auto Logistics, Inc. (the "Company") filed a Current Report on Form 8-K (the "Original Current Report"). Item 5.02 of the Original 8-K incorrectly stated that Messrs. Lux and Skiadas will receive cash and equity compensation as members of the Company's Board of Directors. This amendment on Form 8-K/A is being filed solely to correct this error and state that Messrs. Lux and Skiadas will not receive compensations in their capacity as members of the Company's Board of Directors. This amendment does not otherwise update, modify or amend the Original Current Report. 1 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. Date: May 16, 2024. Proficient Auto Logistics, Inc. By: /s/ Brad Wright Brad Wright Chief Financial Officer and Secretary 2