Knight-Swift Announces Board and Executive Changes
Ticker: KNX · Form: 8-K · Filed: 2024-11-12T00:00:00.000Z
Sentiment: neutral
Topics: management-change, board-of-directors, executive-compensation
Related Tickers: KNX
TL;DR
KNX board shakeup and exec comp changes filed. Watch for details.
AI Summary
Knight-Swift Transportation Holdings Inc. announced on November 6, 2024, changes related to its board of directors and executive compensation. The filing details the departure of certain officers, the election of new directors, and adjustments to compensatory arrangements for key executives. Specific financial figures related to these changes were not detailed in this initial 8-K filing.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation can introduce uncertainty, but the filing itself doesn't indicate immediate financial distress.
Key Players & Entities
- Knight-Swift Transportation Holdings Inc. (company) — Filer
- November 6, 2024 (date) — Date of earliest event reported
FAQ
What specific roles have departed from Knight-Swift's executive team?
The filing indicates the departure of certain officers, but does not name them or their specific roles in this section.
Who are the newly elected directors at Knight-Swift?
The filing states that directors have been elected, but does not list their names or provide biographical details.
Are there any immediate financial implications disclosed regarding the compensatory arrangements?
No specific dollar amounts or financial details regarding the compensatory arrangements for officers are provided in this filing.
What is the SIC code for Knight-Swift Transportation Holdings Inc.?
The Standard Industrial Classification code for Knight-Swift Transportation Holdings Inc. is 4213 (TRUCKING (NO LOCAL)).
When was Knight-Swift Transportation Holdings Inc. incorporated or last changed its name?
The filing lists previous names and dates of name changes, including SWIFT TRANSPORTATION Co on 20110512, 20101209, and 20101129.
Filing Stats: 1,285 words · 5 min read · ~4 pages · Grade level 16 · Accepted 2024-11-12 09:02:44
Key Financial Figures
- $0.01 — hange on which registered Common Stock $0.01 Par Value KNX New York Stock Exchange
- $0.16 — d declared a quarterly cash dividend of $0.16 per share of common stock. The dividend
Filing Documents
- knx-20241106.htm (8-K) — 46KB
- knx-exhibit9911122024.htm (EX-99) — 6KB
- knx-20241106_g1.jpg (GRAPHIC) — 92KB
- 0001492691-24-000093.txt ( ) — 423KB
- knx-20241106.xsd (EX-101.SCH) — 2KB
- knx-20241106_lab.xml (EX-101.LAB) — 21KB
- knx-20241106_pre.xml (EX-101.PRE) — 12KB
- knx-20241106_htm.xml (XML) — 3KB
01 OTHER EVENTS
ITEM 8.01 OTHER EVENTS On November 12, 2024, the Company announced that on November 6, 2024, the Board declared a quarterly cash dividend of $0.16 per share of common stock. The dividend is payable to the Company's stockholders of record as of December 6, 2024, and is expected to be paid on December 23, 2024.
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits Exhibit Description Exhibit 99 Knight-Swift Transportation Holdings Inc. press release dated November 12 , 202 4 , announcing quarterly cash dividend Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) The information in this report and the exhibit hereto may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, and such statements are subject to the safe harbor created by those sections and the Private Securities Litigation Reform Act of 1995, as amended. All statements, other than statements of historical or current fact, are statements that could be deemed forward-looking statements, including, without limitation, statements relating to our declaration of quarterly dividends. Forward-looking statements are based on the current beliefs, assumptions, and expectations of management and current market conditions. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, which could cause future events and actual results to differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. There can be no assurance that future dividends will be declared. The declaration of future dividends is subject to approval of the board of directors and various risks and uncertainties, including, but not limited to: our cash flow and cash needs; compliance with applicable laws; restrictions on the payment of dividends under existing or future financing arrangements; changes in tax laws relating to corporate dividends; deterioration in our financial condition or results; and those risks, uncertainties, and other factors identified from time-to-time in our filings with the Securities and Exchange Commission. Please refer to the last paragraph of the accompanying press
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. Knight-Swift Transportation Holdings Inc. (Registrant) Date: November 12, 2024 /s/ Adam W. Miller Adam W. Miller Chief Executive Officer