Forward Air Corp. Elects New Directors, One Departs
Ticker: FWRD · Form: 8-K · Filed: May 21, 2024 · CIK: 912728
Sentiment: neutral
Topics: board-changes, governance
TL;DR
Forward Air just swapped out a director and brought in two new ones. Board shake-up incoming.
AI Summary
Forward Air Corp. announced on May 15, 2024, the departure of director Michael J. Murphy. The company also elected two new directors, Robert J. Schaupp and Scott D. Tarwater, to its board. These changes are effective immediately.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Board changes can introduce uncertainty regarding future strategic direction and management stability.
Key Players & Entities
- Forward Air Corp. (company) — Registrant
- Michael J. Murphy (person) — Departing Director
- Robert J. Schaupp (person) — Newly Elected Director
- Scott D. Tarwater (person) — Newly Elected Director
FAQ
Who has departed from the Forward Air Corp. board of directors?
Michael J. Murphy has departed from the Forward Air Corp. board of directors.
When were the new directors elected?
The new directors were elected effective May 15, 2024.
Who are the newly elected directors?
Robert J. Schaupp and Scott D. Tarwater have been elected as new directors.
What is the principal executive office address for Forward Air Corp.?
The principal executive office is located at 1915 Snapps Ferry Road Building N, Greeneville, TN 37745.
What is the IRS Employer Identification Number for Forward Air Corp.?
The IRS Employer Identification Number for Forward Air Corp. is 62-1120025.
Filing Stats: 1,144 words · 5 min read · ~4 pages · Grade level 11 · Accepted 2024-05-21 09:48:37
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value FWRD NASDAQ Indicate by che
- $78,000 — s), Mr. Pierson will receive payment of $78,000 per month, commencing on the Effective
- $150,000 — and a performance bonus opportunity of $150,000, which will be tied to the achievement
- $250,000 — ive a one-time lump sum cash payment of $250,000 if Mr. Pierson is not selected as the p
- $20,000 — efined in the Severance Plan) and up to $20,000 in outplacement services. The restricti
Filing Documents
- fwrd-20240515.htm (8-K) — 37KB
- cfoconsultingagreementwc.htm (EX-10.1) — 44KB
- cfopressreleaseannouncem.htm (EX-99.1) — 5KB
- cfoconsultingagreementwc001.jpg (GRAPHIC) — 178KB
- cfoconsultingagreementwc002.jpg (GRAPHIC) — 259KB
- cfoconsultingagreementwc003.jpg (GRAPHIC) — 280KB
- cfoconsultingagreementwc004.jpg (GRAPHIC) — 264KB
- cfoconsultingagreementwc005.jpg (GRAPHIC) — 214KB
- cfoconsultingagreementwc006.jpg (GRAPHIC) — 193KB
- cfoconsultingagreementwc007.jpg (GRAPHIC) — 225KB
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- cfoconsultingagreementwc009.jpg (GRAPHIC) — 90KB
- cfoconsultingagreementwc010.jpg (GRAPHIC) — 45KB
- cfoconsultingagreementwc011.jpg (GRAPHIC) — 247KB
- cfoconsultingagreementwc012.jpg (GRAPHIC) — 236KB
- cfoconsultingagreementwc013.jpg (GRAPHIC) — 276KB
- cfoconsultingagreementwc014.jpg (GRAPHIC) — 271KB
- cfoconsultingagreementwc015.jpg (GRAPHIC) — 76KB
- cfopressreleaseannouncem001.jpg (GRAPHIC) — 255KB
- cfopressreleaseannouncem002.jpg (GRAPHIC) — 130KB
- 0001628280-24-024462.txt ( ) — 5050KB
- fwrd-20240515.xsd (EX-101.SCH) — 2KB
- fwrd-20240515_lab.xml (EX-101.LAB) — 22KB
- fwrd-20240515_pre.xml (EX-101.PRE) — 13KB
- fwrd-20240515_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On May 20, 2024, the Company issued a press release announcing the appointment of Mr. Pierson. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. No. Exhibit 10.1 Consulting Agreement, by and between the Company and Mr. Pierson, dated May 20, 2024. 99.1 Press Release dated May 2 0 , 2024. 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. FORWARD AIR CORPORATION Date: May 21, 2024 By: /s/ Shawn Stewart Name: Title: Shawn Stewart Chief Executive Officer