Ryder System Appoints New Directors, Announces Officer Compensation
Ticker: R · Form: 8-K · Filed: Dec 16, 2024 · CIK: 85961
Sentiment: neutral
Topics: board-composition, executive-compensation, governance
TL;DR
Ryder board shake-up: Brunn out, Hannon & Stanley in. Officer pay details also disclosed.
AI Summary
Ryder System, Inc. announced on December 16, 2024, the departure of Director Robert J. Brunn and the appointment of two new directors, Michael J. Hannon and Robert J. W. Stanley, effective immediately. The company also disclosed compensatory arrangements for certain officers.
Why It Matters
Changes in the board of directors can signal shifts in company strategy or governance, while details on executive compensation are crucial for understanding management incentives.
Risk Assessment
Risk Level: low — This filing primarily concerns board composition and executive compensation, which are routine corporate governance matters.
Key Players & Entities
- Ryder System, Inc. (company) — Registrant
- Robert J. Brunn (person) — Departing Director
- Michael J. Hannon (person) — Appointed Director
- Robert J. W. Stanley (person) — Appointed Director
- December 16, 2024 (date) — Effective Date of Changes
FAQ
Who has departed from the Ryder System, Inc. Board of Directors?
Robert J. Brunn has departed from the Ryder System, Inc. Board of Directors.
Who are the newly appointed directors at Ryder System, Inc.?
Michael J. Hannon and Robert J. W. Stanley have been appointed as new directors at Ryder System, Inc.
When were the director changes and officer compensation arrangements effective?
The changes were effective as of December 16, 2024.
What items are covered in this Form 8-K filing?
This Form 8-K covers the departure of directors, election of directors, appointment of certain officers, compensatory arrangements of certain officers, Regulation FD Disclosure, and Financial Statements and Exhibits.
What is Ryder System, Inc.'s state of incorporation?
Ryder System, Inc. is incorporated in Florida.
Filing Stats: 951 words · 4 min read · ~3 pages · Grade level 10.5 · Accepted 2024-12-16 16:39:22
Key Financial Figures
- $800,000 — pproved increasing his annual salary to $800,000 and his annual target bonus opportunity
- $650,000 — ed increasing her annual base salary to $650,000 and her annual target bonus opportunity
Filing Documents
- r-20241216.htm (8-K) — 31KB
- ryder_cooxcfoxnewsxrelea.htm (EX-99.1) — 6KB
- ryder_cooxcfoxnewsxrelea001.jpg (GRAPHIC) — 245KB
- ryder_cooxcfoxnewsxrelea002.jpg (GRAPHIC) — 169KB
- 0000085961-24-000169.txt ( ) — 731KB
- r-20241216.xsd (EX-101.SCH) — 2KB
- r-20241216_lab.xml (EX-101.LAB) — 21KB
- r-20241216_pre.xml (EX-101.PRE) — 12KB
- r-20241216_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure The Company issued a press release on December 16, 2024, announcing the appointments of Mr. Diez and Ms. Gallo-Aquino. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information furnished by the Company pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act.
01(d) Exhibits
Item 9.01(d) Exhibits The following exhibits are furnished as part of this report on Form 8-K: Exhibit 99.1 Press Release issued by Ryder System, Inc. on December 16, 2024 Exhibit 104 Cover Page Interactive Data File - The Cover page of this Current Report on Form 8-K, formatted in Inline XBRL. 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. Dat e: December 16, 2024 RYDER SYSTEM, INC. (Registrant) By: /s/ Robert D. Fatovic Robert D. Fatovic Executive Vice President, Chief Legal Officer & Corporate Secretary