Radiant Logistics Files Supplemental Proxy Statement

TL;DR

RLGT dropped a proxy update - check for shareholder vote details.

AI Summary

Radiant Logistics, Inc. (RLGT) filed a Definitive Proxy Statement (DEFA14A) on October 23, 2024. This filing is a supplemental proxy statement, indicating it provides additional information or amendments to a previous proxy filing. The company is incorporated in Delaware and headquartered in Renton, Washington.

Why It Matters

This filing provides updated or additional information to shareholders regarding company matters, which is crucial for informed voting decisions at shareholder meetings.

Risk Assessment

Risk Level: low — This is a routine regulatory filing (DEFA14A) and does not inherently indicate new risks or significant changes in the company's operations.

Key Players & Entities

• RADIANT LOGISTICS, INC (company) — Registrant
• RLGT (company) — Ticker Symbol
• 0000950170-24-116649 (filing_id) — Accession Number
• 20241023 (date) — Filing Date
• DEFA14A (document_type) — Form Type
• 700 S RENTON VILLAGE PLACE SEVENTH FLOOR RENTON WA 98057 (address) — Company Business Address

FAQ

Filing Documents

• rlgt_supplemental_proxy_.htm (DEFA14A) — 88KB
• img60198420_0.jpg (GRAPHIC) — 3KB
• img60198420_1.jpg (GRAPHIC) — 9KB
• 0000950170-24-116649.txt ( ) — 106KB

From the Filing

DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION W ashington , D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant  Filed by a Party other than the Registrant  Check the appropriate box:  Preliminary Proxy Statement  Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))  Definitive Proxy Statement  Definitive Additional Materials  Soliciting Material Pursuant to 240.14a-12 radiant logistics, Inc. (Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box):  No fee required.  Fee paid previously with preliminary materials.  Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 Triton Towers Two 700 S. Renton Village Place, Seventh Floor Renton, Washington 98057 Dear Shareholder, We have recently mailed to our shareholders a copy of our 2024 Annual Report, as it accompanied the mailing of our 2024 Notice of Annual Meeting of Stockholders and Proxy Statement. The Proxy Statement has been provided in connection with our 2024 Annual Meeting scheduled to be conducted at our headquarters in Renton, Washington, on November 15, 2024, at 9:00 local time. We have determined that the Annual Shareholders Letter within the 2024 Annual Report contained a typographical error identifying our Adjusted EBITDA Margin for the fiscal year ended June 30, 2024, at 19.6%. Rather, the actual Adjusted EBITDA Margin for the fiscal year ended June 30, 2024, was 13.2% (1) . While clerical errors of this nature are always regrettable, we are confident that this error has not had an impact on our shareholders as the actual Adjusted EBITDA Margin of 13.2% was correctly reported in other places within the 2024 Annual Report; namely, the Financial Highlights section, and on page 33 of our Management’s Discussion and Analysis of Financial Condition and Results of Operations. As well, the correct Adjusted EBITDA Margin was reported within our Press Release dated September 12, 2024, announcing financial results for the fiscal quarter and year ended June 30, 2024. On behalf of the Board of Directors and management of Radiant Logistics, we look forward to hearing from you at our 2024 Annual Meeting and continuing to deliver meaningful value for you during fiscal 2025 and beyond. With regards, Bohn H. Crain Chairman of the Board and Chief Executive Officer October 23, 2024 (1) We note that Adjusted EBITDA is a non-GAAP measure of income management considers useful in analyzing our results. A reconciliation of our non-GAAP financial measures presented to our GAAP-based net income, as well as a description of our non-GAAP measures, is included on the last page of our 2024 Annual Report and generally copied on Annex I attached hereto, for the convenience of our shareholders. Our non-GAAP measures are not intended to replace any presentation included within our consolidated financial statements. Radiant Logistics, Inc. – Proxy Statement Supplemental Materials 2 ANNEX I – RECONCILIATION OF NON-GAAP FINANCIAL MEASURES In our 2024 Annual Report and accompanying Proxy Statement, we use the terms adjusted EBITDA, adjusted EBITDA margin, adjusted net income, and adjusted gross profit, which are non-GAAP financial measures. These non-GAAP financial measures are presented to provide stockholders additional information to facilitate the comparison of our past and present operations. We believe non-GAAP financial measures provide useful information to investors because they are used to evaluate our performance on a comparable year-over-year basis. Non-GAAP financial measures are not in accordance with, or an alternative for, measures calculated in accordance with U.S. generally accepted accounting principles (GAAP) and may be different from non-GAAP financial measures used by other companies. In addition, non-GAAP financial measures are not based on any comprehensive or standard set of accounting rules or principles. Accordingly, the calculation of our non-GAAP financial measures may differ from the definitions of other companies using the same or similar names limiting, to some extent, the usefulness of such measures for comparison purposes. Non-GAAP financial measures have limitations in that they do not reflect all of the amounts associated with our financial results as determined in accordance with GAAP. These measures should only be used to evaluate our financial results in conjunction with the corresponding GAAP measures. Accordingly, we qualify our use of non-GAAP financial information in a statement when non-GAAP financial information is presented. ADJUSTED GROSS PROFIT The following table presents

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View this DEFA14A filing on SEC EDGAR