Schneider National Files 8-K: Other Events Reported
Ticker: SNDR · Form: 8-K · Filed: Dec 2, 2024 · CIK: 1692063
| Field | Detail |
|---|---|
| Company | Schneider National, INC. (SNDR) |
| Form Type | 8-K |
| Filed Date | Dec 2, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $390 million, $400 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-k, other-events
Related Tickers: SNDR
TL;DR
Schneider National filed an 8-K for 'Other Events' on 12/2/24 - details TBD.
AI Summary
Schneider National, Inc. filed an 8-K on December 2, 2024, to report "Other Events." The filing does not contain specific details about the nature of these events, dollar amounts, or definitive dates beyond the filing date itself.
Why It Matters
This filing indicates that Schneider National has reported significant events to the SEC, but the lack of detail requires further investigation to understand the implications.
Risk Assessment
Risk Level: medium — The filing is an 8-K for 'Other Events,' which is broad and could encompass significant developments requiring further clarification.
Key Players & Entities
- Schneider National, Inc. (company) — Registrant
- 0001692063-24-000144 (filing_id) — Accession Number
- 12/2/2024 (date) — Report Date
FAQ
What specific 'Other Events' are being reported by Schneider National, Inc. in this 8-K filing?
The provided filing text does not specify the nature of the 'Other Events' beyond the general category.
When was the earliest event reported in this 8-K filing?
The earliest event reported is on 12/2/2024, which is also the date of the report.
What is Schneider National, Inc.'s principal executive office address?
The principal executive offices are located at 3101 South Packerland Drive, Green Bay, WI 54313.
What is Schneider National, Inc.'s telephone number?
The registrant's telephone number is (920) 592-2000.
What is Schneider National, Inc.'s IRS Employer Identification Number?
The IRS Employer Identification Number for Schneider National, Inc. is 39-1258315.
Filing Stats: 906 words · 4 min read · ~3 pages · Grade level 15.3 · Accepted 2024-12-02 16:37:26
Key Financial Figures
- $390 million — ely, "Cowan Systems") for approximately $390 million in cash (subject to certain adjustments
- $400 million — nd, as well as borrowings under its new $400 million delayed draw term credit facility. The
Filing Documents
- sndr-20241202.htm (8-K) — 33KB
- 0001692063-24-000144.txt ( ) — 154KB
- sndr-20241202.xsd (EX-101.SCH) — 2KB
- sndr-20241202_lab.xml (EX-101.LAB) — 21KB
- sndr-20241202_pre.xml (EX-101.PRE) — 12KB
- sndr-20241202_htm.xml (XML) — 3KB
01. Other Events
ITEM 8.01. Other Events. On December 2, 2024, Schneider National, Inc. ("Schneider") successfully completed its acquisition of Cowan Systems, LLC and affiliated entities (collectively, "Cowan Systems") for approximately $390 million in cash (subject to certain adjustments), which was previously announced on November 25, 2024. Cowan Systems is primarily a dedicated contract carrier with a portfolio of complementary services including brokerage, drayage, and warehousing operating approximately 1,800 trucks and 7,500 trailers across more than forty locations throughout the Eastern and Mid-Atlantic regions of the United States. Schneider expects to close on its previously announced acquisition of certain real estate assets relating to Cowan Systems' business in fourth quarter 2024. Schneider financed the acquisition through existing cash on hand, as well as borrowings under its new $400 million delayed draw term credit facility. The acquisition is expected to be accretive to Schneider's earnings per share within the first year, before consideration of anticipated synergies. Cowan Systems' financial results will be reported in their corresponding Schneider Truckload and Logistics business segments. Special Note Regarding Forward-Looking Statements This information contained in this current report on Form 8-K contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, which are intended to come within the safe harbor protection provided by such Act. These forward-looking statements reflect our current expectations, beliefs, plans, or forecasts with respect to, among other things, future events and financial performance and trends in the business and industry. Forward-looking statements are often characterized by words or phrases such as "may," "will," "could," "should," "would," "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "target," "prospects," "potential," "forecast,
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. Date: December 2, 2024 SCHNEIDER NATIONAL, INC. By: /s/ Thomas G. Jackson Name: Thomas G. Jackson Title: Executive Vice President, General Counsel, and Corporate Secretary