J.B. Hunt Elects New Directors, Adjusts Executive Compensation

TL;DR

JBHT adds 2 directors, updates exec pay. Board shakeup incoming?

AI Summary

On January 23, 2025, J.B. Hunt Transport Services, Inc. reported changes in its executive team. The company announced the election of two new directors, John N. Roberts III and David L. Sprouls, to its Board of Directors, effective immediately. Additionally, the company disclosed compensatory arrangements for certain officers.

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: low — The filing primarily concerns routine board appointments and compensatory arrangements, with no immediate negative financial implications.

Key Players & Entities

• J.B. Hunt Transport Services, Inc. (company) — Registrant
• John N. Roberts III (person) — Newly elected director
• David L. Sprouls (person) — Newly elected director
• January 23, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — hange on which registered Common Stock $0.01 par value JBHT NASDAQ Indicate by

Filing Documents

• jbht20250128_8k.htm (8-K) — 30KB
• 0001437749-25-002117.txt ( ) — 160KB
• jbht-20250123.xsd (EX-101.SCH) — 3KB
• jbht-20250123_def.xml (EX-101.DEF) — 11KB
• jbht-20250123_lab.xml (EX-101.LAB) — 15KB
• jbht-20250123_pre.xml (EX-101.PRE) — 11KB
• jbht20250128_8k_htm.xml (XML) — 3KB

02. COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

ITEM 5.02. COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS On January 23, 2025, our Board of Directors, through our Executive Compensation Committee (the "Committee") and our independent directors, as applicable, approved and adopted a new performance-based annual cash incentive program for our named executive officers related to the Company's revenue, excluding fuel surcharge revenue, operating income and safety performance for calendar year 2025 (the "2025 Company Bonus Plan"). According to the 2025 Company Bonus Plan, each of our named executive officers will be eligible to receive a single cash bonus payout following the completion of calendar year 2025 based 70% on the Company's reported operating income for 2025 and 15% each on the Company's reported revenue, excluding fuel surcharge revenue, for 2025 and preventable collisions per million miles driven for 2025, which we determine are reportable to the U.S. Department of Transportation ("DOT") (or preventable collisions rate), relative to the Company's respective targeted or projected amounts for each metric. Under the plan, John Roberts, as Chairman, and Shelley Simpson, as President and CEO, may each earn a bonus ranging from 37.5% to 300% of his or her annual base salary as of December 31, 2025, if a threshold performance level is achieved with respect to each metric, with a targeted bonus amount of 150% of annual base salary. Each other named executive officer may earn a bonus ranging from 25% to 200% of his or her annual base salary as of December 31, 2025, if a threshold performance level is achieved with respect to each metric, with a targeted bonus amount of 100% of annual base salary. The actual bonus payouts will be based on the Company's achievement of a range of revenue, excluding fuel surcharge revenue, operating income and preventable collisions rate results for calendar year 2025 of 85% to 115% of the targeted or projected amounts for each metric. No bonus will be paid unless the Company achiev

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 thereunto duly authorized on the 29th day of January 2025. J.B. HUNT TRANSPORT SERVICES, INC. BY: /s/ Shelley Simpson Shelley Simpson President and Chief Executive Officer (Principal Executive Officer) BY: /s/ John Kuhlow John Kuhlow Chief Financial Officer, Executive Vice President (Principal Financial Officer)