XPO, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by XPO Logistics, Inc. (XPO) on February 28, 2022. The report discloses a change in senior management regarding the Chief Accounting Officer position, effective as of the filing date.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Departure: Lance Robinson stepped down as Chief Accounting Officer for personal reasons, including to spend time with his family.
- Appointment: Christopher Brown, previously the Deputy Chief Accounting Officer, was appointed as the new Chief Accounting Officer.
- Transition: Mr. Robinson agreed to provide consulting services to the company through December 31, 2022.
Management Commentary and Compensation
Mr. Brown, age 48, has served in various financial roles at XPO since 2017. His new compensation package includes an annual base salary of $365,000 and a target annual bonus opportunity of 75% of his base salary. The company confirmed that Mr. Brown has no material interests in transactions requiring disclosure under Item 404(a) of Regulation S-K.
Investor Verification Checklist
- Verify the effective date of Christopher Brown's appointment as Chief Accounting Officer (February 28, 2022).
- Confirm the terms of Lance Robinson's consulting agreement through December 31, 2022.
- Review Mr. Brown's prior experience at United Rentals, Inc. and Xerox Corporation as disclosed in the filing.
- Note that this filing contains no financial results; refer to the most recent 10-Q or 10-K for financial metrics.