Forward Air Corp Files 2023 Annual Report Amendment
Ticker: FWRD · Form: 10-K/A · Filed: May 17, 2024 · CIK: 912728
Sentiment: neutral
Topics: amendment, annual-report, transportation
TL;DR
Forward Air Corp filed an amendment to its 2023 10-K. Check for updates.
AI Summary
Forward Air Corp filed an amendment (10-K/A) to its annual report for the fiscal year ended December 31, 2023. This amendment, filed on May 17, 2024, updates information previously submitted. The company, incorporated in Tennessee, operates in freight and cargo transportation.
Why It Matters
This filing provides updated information for investors and regulators regarding Forward Air Corp's financial performance and operations for the 2023 fiscal year.
Risk Assessment
Risk Level: low — This is an amendment to a previously filed annual report, not a new event or significant financial disclosure.
Key Numbers
- 2023 — Fiscal Year End (The amendment pertains to the fiscal year ending December 31, 2023.)
- 000-22490 — Commission File Number (This is the SEC file number for Forward Air Corp.)
Key Players & Entities
- FORWARD AIR CORP (company) — Registrant
- 000-22490 (company) — Commission file number
- 20231231 (date) — Fiscal year end
- 20240517 (date) — Filing date
- Tennessee (location) — State of incorporation
FAQ
What specific information was updated in this 10-K/A filing?
The filing is an amendment to the annual report for the fiscal year ended December 31, 2023. Specific details of the updates are not provided in the header information but would be detailed within the amendment's content.
When was this amendment filed with the SEC?
This amendment (10-K/A) was filed on May 17, 2024.
What is Forward Air Corp's primary business?
Forward Air Corp operates in the arrangement of transportation of freight and cargo, as indicated by its SIC code 4731.
In which state is Forward Air Corp incorporated?
Forward Air Corp is incorporated in Tennessee.
What was the previous name of Forward Air Corp?
The former company name was LANDAIR SERVICES INC, with a date of name change on September 28, 1993.
Filing Stats: 4,659 words · 19 min read · ~16 pages · Grade level 10 · Accepted 2024-05-17 17:05:10
Key Financial Figures
- $0.01 — ange on Which Registered Common Stock, $0.01 par value FWRD The Nasdaq Stock Market
Filing Documents
- fwrd-20231231.htm (10-K/A) — 1143KB
- descriptionofcapitalstoc.htm (EX-4.2) — 19KB
- fwrdex3132023.htm (EX-31.3) — 5KB
- fwrdex3142023.htm (EX-31.4) — 4KB
- doddfrankclawbackpolicya.htm (EX-97.1) — 24KB
- descriptionofcapitalstoc001.jpg (GRAPHIC) — 201KB
- descriptionofcapitalstoc002.jpg (GRAPHIC) — 219KB
- descriptionofcapitalstoc003.jpg (GRAPHIC) — 271KB
- descriptionofcapitalstoc004.jpg (GRAPHIC) — 308KB
- doddfrankclawbackpolicya001.jpg (GRAPHIC) — 249KB
- doddfrankclawbackpolicya002.jpg (GRAPHIC) — 262KB
- doddfrankclawbackpolicya003.jpg (GRAPHIC) — 221KB
- doddfrankclawbackpolicya004.jpg (GRAPHIC) — 287KB
- doddfrankclawbackpolicya005.jpg (GRAPHIC) — 249KB
- doddfrankclawbackpolicya006.jpg (GRAPHIC) — 227KB
- doddfrankclawbackpolicya007.jpg (GRAPHIC) — 101KB
- fwrd-20231231_g1.jpg (GRAPHIC) — 18KB
- fwrd-20231231_g2.jpg (GRAPHIC) — 18KB
- fwrd-20231231_g3.gif (GRAPHIC) — 72KB
- fwrd-20231231_g4.gif (GRAPHIC) — 93KB
- fwrd-20231231_g5.gif (GRAPHIC) — 76KB
- 0001628280-24-024140.txt ( ) — 5852KB
- fwrd-20231231.xsd (EX-101.SCH) — 2KB
- fwrd-20231231_lab.xml (EX-101.LAB) — 35KB
- fwrd-20231231_pre.xml (EX-101.PRE) — 20KB
- fwrd-20231231_htm.xml (XML) — 7KB
Directors, Executive Officers and Corporate Governance
Item 10. Directors, Executive Officers and Corporate Governance 3
Executive Compensation
Item 11. Executive Compensation 11
Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters 43
Certain Relationships and Related Transactions, and Director Independence
Item 13. Certain Relationships and Related Transactions, and Director Independence 49
Principal Accounting Fees and Services
Item 14. Principal Accounting Fees and Services 52 Part IV.
Exhibits, Financial Statement Schedules
Item 15. Exhibits, Financial Statement Schedules 53 Exhibit Index 53
Signatures
Signatures 57 2 Part III
Directors, Executive Officers and Corporate Governance
Item 10. Directors, Executive Officers and Corporate Governance Directors, Director Nominees and Executive Officers Set forth below is the name, age (as of March 25, 2024), position and background (which includes a description of the relevant business experience) of each of our executive officers, directors and director nominees: Name Age Position(s) Director Since GEORGE S. MAYES, JR. 65 Chairman of the Board of Directors 2021 SHAWN STEWART 50 Director and Chief Executive Officer 2024 ANA B. AMICARELLA 58 Director 2017 CHARLES L. ANDERSON 40 Director 2024 VALERIE A. BONEBRAKE 72 Director 2018 DALE W. BOYLES 63 Director Nominee R. CRAIG CARLOCK 57 Director 2015 ROBERT L. EDWARDS, JR. 57 Director 2024 CHRISTINE M. GORJANC 67 Director Nominee MICHAEL B. HODGE 51 Director 2024 JAVIER POLIT 59 Director 2021 LAURIE A. TUCKER 67 Director 2019 REBECCA J. GARBRICK 49 Chief Financial Officer CHRIS C. RUBLE 61 Chief Operating Officer and President MICHAEL L. HANCE 52 Chief Legal Officer and Secretary KYLE R. MITCHIN 44 Chief People Officer NANCEE RONNING 63 Chief Commercial Officer JOSEPH M. TOMASELLO 47 Chief Information Officer George S. Mayes, Jr., Director and Chairman of the Board of Directors Mr. Mayes was appointed to the position of independent Chairman of the Board on February 6, 2024. Mr. Mayes also serves as Founder and Chief Executive Officer for LeanVue, LLC, which provides strategic analysis for global supply chain design and strategy development for managing complex global supply webs. From 2013 to 2015, Mr. Mayes was Chief Operating Officer for Diebold, Inc., a global leader in automated teller machine manufacturing and service. He was selected to serve as interim Chief Executive Officer in 2013. From 2005 to 2012, Mr. Mayes held leadership roles in global operations and supply chain management at Diebold. Prior to that role, he was Chief Operating Officer for Tinnerman Palnut Engineered Products, LLC. He also served as Vice Preside