{"filings":[{"id":1581956,"accession_number":"0001628280-26-047900","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2026-07-10T20:40:14+00:00","items":["5.02","9.01"],"status":"ready","headline":"Forward Air Executive Chairman Jerome Lorrain resigns; Christine Gorjanc appointed Chair","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Jerome Lorrain resigned as Executive Chairman effective July 10, 2026, remains as board member.","Christine M. Gorjanc appointed independent Chair of the Board.","Lorrain's performance-based and special one-time equity awards forfeited; restricted stock awards amended to vest during board service.","Lorrain did not receive 2026 annual equity award under non-employee director program."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1110838,"accession_number":"0001628280-26-043864","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2026-06-17T20:01:09+00:00","items":["5.07","9.01"],"status":"ready","headline":"Forward Air shareholders elect 5 directors, ratify KPMG, approve equity plan","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Five directors elected: Dale Boyles, Christine Gorjanc, Jerome Lorrain, Shawn Stewart, Paul Svindland.","Advisory vote on executive compensation passed with 24.8M for vs 1.1M against.","Ratification of KPMG as auditor for 2026: 30.5M for, 145k against.","Amendment to 2025 Omnibus Incentive Compensation Plan approved with 21.8M for, 3.8M against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":99690,"accession_number":"0001628280-26-032056","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2026-05-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Forward Air Q1 op income rises to $20M; net loss $40M; customer transition risk ~$250M rev","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q1 revenue $582M (-5.1% YoY); income from operations $20.4M vs $4.8M YoY; net loss $40.2M ($1.09 loss per share) improved from $61.2M loss.","Expedited Freight EBITDA $28M (10.4% margin); Omni $25M (8.3%); Intermodal $5M (10.1%) down from $10M YoY.","Liquidity $402M ($141M cash + $261M availability); cash from ops $46M vs $28M YoY.","One customer (~$250M 2025 revenue) may transition business starting early 2027; no termination notice yet.","Board ended strategic sale review with no proposals; now pursuing sale of Intermodal segment and two smaller Omni businesses."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.09,"consensus_revenue_estimate":null,"consensus_revenue_actual":582046000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":99689,"accession_number":"0001104659-26-051629","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2026-04-29T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Two Forward Air directors will not stand for re-election; board to shrink from 7 to 5","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Charles L. Anderson and Robert L. Edwards, Jr. will not stand for re-election at June 17, 2026 annual meeting.","Both were designated by Ridgemont Equity Partners; departures not due to any disagreement with company.","Board will reduce size from seven to five directors effective after the 2026 annual meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":115849,"accession_number":"0001628280-26-010569","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2026-02-23T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Forward Air Q4 operating loss of $2.9M; EBITDA improves to $77M, Omni segment strong","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $631M flat YoY; operating loss of $2.9M vs $75.9M profit in Q4 2024.","Net loss per diluted share ($0.91) vs ($1.23) YoY; full year cash from ops improved to $44M from ($69M).","Q4 Consolidated EBITDA (non-GAAP) $77M vs $72M YoY; full year $307M vs $311M.","Omni segment revenue $360M (+$34M YoY), EBITDA $36M (+$4M), margin 10%; Expedited Freight EBITDA margin 10.1% vs 6.6%.","Intermodal segment EBITDA $7M vs $10M, margin 14.2% vs 17.5%; liquidity $367M."],"consensus_eps_estimate":null,"consensus_eps_actual":-3.51,"consensus_revenue_estimate":null,"consensus_revenue_actual":2495118000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":132266,"accession_number":"0001628280-25-049509","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2025-11-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Forward Air Q3 revenue down 3.7% to $632M; net loss narrows to $23.8M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $632M vs $656M YoY; operating income $15M vs $23M.","Net loss from continuing ops $23.8M ($0.52 diluted EPS) vs $34.2M ($2.62) YoY.","Omni segment revenue $340M (+$5M YoY), EBITDA $33M (+$6M); Expedited Freight margin 11.5%.","Consolidated EBITDA $78M vs $86M; LTM EBITDA $299M.","Cash from ops YTD $67M (vs -$46M prior year); liquidity $413M."],"consensus_eps_estimate":null,"consensus_eps_actual":-2.6,"consensus_revenue_estimate":null,"consensus_revenue_actual":1863888000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":132265,"accession_number":"0001628280-25-045052","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2025-10-15T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Forward Air CIO resigns; Jason Ringgenberg named interim CIO","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Joseph M. Tomasello resigned as CIO effective October 13, 2025.","Jason Ringgenberg appointed interim CIO effective October 14, 2025.","Ringgenberg previously served as CIO of Yellow Corp (2017-2023) and YRC Freight (2014-2017).","Spent over twenty years at Accenture leading its Global Freight and Logistics Industry Program."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":148846,"accession_number":"0000912728-25-000005","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2025-09-02T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Director Michael B. Hodge resigns from Forward Air Board; Eve Omni waives designation rights","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Michael B. Hodge resigned effective August 29, 2025; no disagreement with company cited.","Eve Omni Investor, LLC waived its director designation rights under the 2024 Shareholders Agreement.","Board size reduced from eight to seven directors following the resignation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":148845,"accession_number":"0001628280-25-039528","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2025-08-11T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Forward Air Q2 2025 revenue $619M; net loss $(0.41)/share; EBITDA margins improve","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $618.8M, down 3.9% YoY from $643.7M; income from operations $19.5M vs loss $1.1B a year ago.","Net loss from continuing ops $(20.4M) or $(0.41) diluted EPS, improving from $(966.5M) or $(23.29) in Q2 2024.","Consolidated EBITDA (per credit agreement) $74M; last twelve months EBITDA $298M.","Expedited Freight segment EBITDA margin highest in six quarters; pricing actions and cost controls cited.","Liquidity $368M at June 30, 2025, down from $393M at Q1 end due to $34M semi-annual interest payment."],"consensus_eps_estimate":null,"consensus_eps_actual":-2.09,"consensus_revenue_estimate":null,"consensus_revenue_actual":1232125000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":148844,"accession_number":"0001628280-25-034880","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2025-07-14T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Jerome Lorrain appointed Executive Chairman of Forward Air; $450k salary plus equity awards","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Jerome Lorrain named Executive Chairman; base salary $450,000 annually; no 2025 cash bonus.","Sign-on equity award of $500,000 (60% performance shares, 40% time-based RSUs vesting over 3 years).","Special grant of 25,000 performance-based restricted shares tied to strategic review milestones.","Starting in 2026, eligible for annual LTIP of at least $750,000 in similar equity mix."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167727,"accession_number":"0001628280-25-031182","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K12B","filed_at":"2025-06-13T23:59:59+00:00","items":["3.03","5.02","5.07","5.03","7.01","9.01"],"status":"ready","headline":"Forward Air shareholders approve Delaware reincorporation; board reduced to eight after three resignations","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["George Mayes resigned after receiving more withhold (18.9M) than for (14.7M) votes; Polit and Tucker voluntarily resigned.","Board reduced from 11 to 8 directors; all appointed since January 2024 as part of refreshment.","Jerome Lorrain (former CEVA COO) appointed Executive Chairman; Paul Svindland named Lead Independent Director.","Shareholders approved Delaware reincorporation, 2025 Omnibus Incentive Plan, and Non-Employee Director Stock Plan.","Board continues strategic alternatives review to improve operating results and maximize shareholder value."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167731,"accession_number":"0001628280-25-023133","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2025-05-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Forward Air Q1 2025 revenue up 13.2% to $613M; operating income swings to $4.8M from -$65.7M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $613M vs $542M YoY (+13.2%); income from operations improved $70.5M to $4.8M.","Net loss narrowed to $61.2M ($1.68/share) from $88.8M ($2.81/share) a year ago.","Expedited Freight segment: revenue per hundredweight (ex-fuel) up 4.3% sequentially and 2.5% YoY; EBITDA margin 10.4% (+400 bps vs Q4 2024).","Liquidity increased to $393M from $382M at Q4 2024 end; operating cash flow $27.6M vs -$51.7M YoY.","Consolidated EBITDA (credit agreement) $69M for Q1; LTM $313M with ~$66M covenant cushion."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.68,"consensus_revenue_estimate":null,"consensus_revenue_actual":613281000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167730,"accession_number":"0001628280-25-021615","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2025-05-01T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Forward Air enters merger agreement to reincorporate from Tennessee to Delaware","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Plan of Merger dated April 30, 2025 between Forward Air (TN) and FA-Delaware.","Each share of common stock and Series B Preferred Unit converts 1:1 into equivalent Delaware corporation shares.","Conditions include shareholder approval, no 15%+ holder opposing, and no valid dissenters' rights.","Surviving Delaware corporation will be renamed Forward Air Corporation and continue same business.","Merger is a redomestication; no change in business operations or assets."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167729,"accession_number":"0001628280-25-018487","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2025-04-21T23:59:59+00:00","items":["2.02"],"status":"ready","headline":"Forward Air updates preliminary Q1 2025 EBITDA estimate to $66-70M from $54-59M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Operating revenue estimated at $611-615M for Q1 2025.","Income from continuing operations estimated between $2M and $6M.","Consolidated EBITDA (non-GAAP) raised to $66-70M from prior $54-59M estimate.","Preliminary results remain subject to completion of quarter-end closing procedures."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.68,"consensus_revenue_estimate":null,"consensus_revenue_actual":613281000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167728,"accession_number":"0001628280-25-017142","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2025-04-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Forward Air pre-announces Q1 2025 EBITDA $54M-$59M; liquidity rises to $392M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Preliminary consolidated EBITDA (non-GAAP) for Q1 2025 estimated between $54M and $59M.","Liquidity at March 31, 2025 expected ~$392M, up ~$10M from $382M at Q4 2024.","Estimates 10%-15% of 2024 revenue would have been impacted by recently announced IEEPA tariffs.","Full Q1 2025 earnings release scheduled for May 7, 2025 after market close."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.68,"consensus_revenue_estimate":null,"consensus_revenue_actual":613281000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":185006,"accession_number":"0001628280-25-015157","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2025-03-27T23:59:59+00:00","items":["4.01","9.01"],"status":"ready","headline":"Forward Air dismisses EY, appoints KPMG as auditor; Omni acquisition material weakness cited","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Ernst & Young dismissed as auditor on March 24, 2025; KPMG engaged on March 27, 2025.","No disagreements with EY on accounting principles; EY's 2023/2024 audit reports were unqualified.","Material weakness in internal controls over Omni Newco purchase accounting, income taxes, and impairment.","EY authorized to respond fully to KPMG's inquiries regarding the material weakness.","No prior consultations with KPMG on accounting issues before engagement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":185005,"accession_number":"0001628280-25-014840","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2025-03-26T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Two Forward Air directors not standing for re-election; Paul Svindland nominated","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Ana Amicarella and Valerie Bonebrake will not stand for re-election at the 2025 Annual Meeting.","Both departures are not due to any disagreement with the company on operations, policies, or practices.","Board nominated Paul Svindland (CEO of STG Logistics) for election at the 2025 Annual Meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":185004,"accession_number":"0001628280-25-008118","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2025-02-26T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Forward Air Q4 revenue $633M (+87% YoY), net loss -$1.23/share; FY EBITDA $308M near top of guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenue $633M (+87% YoY); operating income $76M includes $79M goodwill impairment adjustment.","Full-year 2024 Consolidated EBITDA $308M, near top of guidance; achieved >$100M in annualized cost synergies.","Net loss from continuing operations -$35.4M vs -$14.7M prior year; diluted EPS -$1.23 vs -$0.58.","Liquidity $382M, down from $460M due to credit facility reduction and $60M interest payments.","Expedited Freight segment impacted by pricing strategy; corrective actions implemented; Omni Logistics posted best quarterly EBITDA post-acquisition."],"consensus_eps_estimate":null,"consensus_eps_actual":-30.63,"consensus_revenue_estimate":null,"consensus_revenue_actual":2474262000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":185003,"accession_number":"0001628280-25-002004","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2025-01-21T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Forward Air amends severance plan: shorter notice period, removes pro-rata incentive effective Jan 2026","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Compensation Committee approved amendment on Jan 14, 2025, effective Jan 14, 2026.","Notice period for adverse plan amendment or termination reduced from 12 months to 60 days.","Participants no longer entitled to pro-rata annual incentive for termination year under Section 4.01(a)(iii)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":185002,"accession_number":"0001628280-25-000462","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2025-01-06T23:59:59+00:00","items":["1.01","2.02","7.01","9.01"],"status":"ready","headline":"Forward Air announces strategic review, amends credit agreement; reaffirms FY2024 guidance","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board of Directors launches review of strategic alternatives to maximize shareholder value.","Credit agreement amended: max consolidated first lien net leverage ratio raised to 6.75:1.00 through Sep 2025, stepping down to 5.50:1.00.","Revolving credit commitments reduced from $340M to $300M; could further drop $50M if leverage exceeds 6.50x unless $50M prepayment made.","Anti-cash hoarding covenant requires prepayment if unrestricted cash exceeds $120M per month through Dec 2026.","Reaffirms previously issued FY2024 financial guidance (no specific numbers provided)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":201607,"accession_number":"0001628280-24-050211","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2024-12-06T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Forward Air President and COO Chris Ruble departs Dec 6, 2024","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["President and COO Chris Ruble terminated without cause effective Dec 6, 2024.","Eligible for severance under Severance Plan plus a $100,000 additional payment.","Up to $20,000 in outplacement services provided.","18-month restrictions: non-compete, non-solicitation, non-disparagement.","No successor named; CEO Shawn Stewart remains."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":201606,"accession_number":"0001628280-24-046664","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2024-11-08T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Forward Air CPO Kyle Mitchin to depart Nov 22; receives $100K + severance","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Kyle Mitchin leaves as Chief People Officer effective Nov 22, 2024; termination without cause.","Eligible for Severance Plan payments, $100,000 additional cash, and up to $20,000 outplacement.","Restrictive covenants apply for 18 months including non-compete, non-solicit, and non-disparagement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":201605,"accession_number":"0001628280-24-045008","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2024-11-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Forward Air Q3 net loss $34.2M, EPS loss $2.62; guides 2024 EBITDA $300-310M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $655.9M (+92% YoY), operating income $22.7M, net loss $34.2M (diluted EPS -$2.62 vs $0.25 prior year).","Consolidated EBITDA (non-GAAP) $77M in Q3 vs $81M prior quarter; FY2024 EBITDA guidance $300-310M.","Expedited Freight segment underperformed due to decrease in revenue per hundredweight from customer mix/pricing.","Liquidity $460M (up $15M QoQ); on track to capture $75M Omni synergies by Q1 2025.","New Chief Commercial Officer hired (starts Jan 2025) to lead commercial transformation."],"consensus_eps_estimate":null,"consensus_eps_actual":-28.95,"consensus_revenue_estimate":null,"consensus_revenue_actual":1841416000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":201603,"accession_number":"0001628280-24-043862","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K/A","filed_at":"2024-10-28T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Forward Air appoints Jerome Lorrain to board and compensation committee","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Jerome Lorrain appointed to Board effective October 1, 2024.","Lorrain added to Compensation Committee on October 22, 2024.","Filing is an amendment solely to report committee assignment; prior 8-K otherwise unchanged."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":201604,"accession_number":"0001628280-24-042048","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2024-10-03T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Forward Air appoints Jerome Lorrain to Board; director Craig Carlock resigns Oct 15","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Jerome Lorrain appointed to Board effective Oct 1, 2024; Board increased to 13 members.","Lorrain brings 30+ years logistics experience, formerly COO of CEVA Logistics.","Craig Carlock submitted resignation effective Oct 15, 2024; Board reduced to 12.","Michael B. Hodge appointed as Compensation Committee chairman replacing Carlock."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":217602,"accession_number":"0001628280-24-035637","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2024-08-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Forward Air reports Q2 net loss of $966M; sees 2024 EBITDA of $310-325M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Operating revenue $644M, +93% YoY on Omni deal; net loss $966M ($23.29 diluted loss).","Consolidated EBITDA (non-GAAP) rose to $81M in Q2 from $55M in Q1; $14M cost synergy captured.","FY 2024 consolidated EBITDA guidance $310-325M; expects full synergy run-rate by Q1 2025.","Jamie Pierson named CFO; CEO Shawn Stewart cites sales wins and integration progress."],"consensus_eps_estimate":null,"consensus_eps_actual":-27.71,"consensus_revenue_estimate":null,"consensus_revenue_actual":1185479000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":217601,"accession_number":"0001628280-24-031285","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2024-07-05T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Forward Air appoints Jamie Pierson permanent CFO, James Faught as CAO effective July 3, 2024","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Jamie Pierson, interim CFO since May 2024, named permanent CFO; base salary $625K, target bonus 75%.","James Faught appointed CAO; base salary $350K, target bonus 35% with equity grants.","Pierson receives one-time RSU grant of $500K and one-time cash bonus of $250K.","Appointments support integration of Forward Air and Omni Logistics, says CEO Shawn Stewart."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":237497,"accession_number":"0001628280-24-030427","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2024-06-28T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Forward Air updates non-GAAP measures for TTM ended March 31, 2024; details limited","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Company issued press release revising previously reported non-GAAP financial metrics for the twelve months ended March 31, 2024.","Exhibit text truncated; specific adjustments and revised figures are not available.","The update follows prior quarter earnings; potential impact on adjusted EBITDA or EPS unclear.","Confidence low due to incomplete exhibit content; no concrete numbers to summarize."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":237496,"accession_number":"0001628280-24-027568","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2024-06-10T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Omni Newco 2023 revenue down 29% YoY to $1.32B; net loss $243M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Omni 2023 revenue $1,320.8M vs $1,872.3M in 2022; operating loss $70.6M vs income $116.7M.","Net loss of $243.3M in 2023 vs net income $16.0M in 2022; members' deficit $80.4M.","Long-term debt $1,466.8M, up from $1,347.1M; interest expense $165.4M.","Goodwill $530.3M and intangible assets $746.6M; total assets $1,882.4M.","Updated pro forma combined statements for Forward Air acquisition also filed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":237495,"accession_number":"0001628280-24-026636","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2024-06-04T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Forward Air shareholders approve Omni share issuance, elect directors at annual meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Proposal 1 (Omni share issuance) passed: 16.8M for, 1.4M against, 2.6M abstain.","All 12 director nominees elected; CEO Shawn Stewart received 23.6M votes for.","Proposal 3 (2016 incentive plan amendment) passed: 22.1M for, 834,816 against, 1.2M abstain.","Advisory say-on-pay passed 18.0M for vs. 4.7M against; Ernst & Young ratified as auditor."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.15,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":237494,"accession_number":"0001628280-24-024462","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2024-05-21T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Forward Air appoints Jamie Pierson as interim CFO; CFO Rebecca Garbrick departs","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["CFO Rebecca Garbrick departs; termination without cause, eligible for severance and outplacement up to $20k.","Jamie G. Pierson appointed interim CFO effective May 20, 2024; previously CFO at MV Transportation and YRC Worldwide.","Pierson receives $78k/month salary, $150k milestone bonus, and possible $250k transition payment if not permanent CFO.","Forward Air initiates search for permanent CFO with assistance of an executive search firm."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":237493,"accession_number":"0001628280-24-023599","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2024-05-15T23:59:59+00:00","items":["2.02"],"status":"ready","headline":"Forward Air revises Q1 GAAP EPS downward by $0.46 to $(2.81) due to preferred unit dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss per diluted share adjusted from previously reported figure to $(2.81), a $0.46 decrease.","Revision stems from impact of dividend payment on Opco Series C-2 Preferred Units.","No change to adjusted net loss per diluted share, which remains as previously reported.","Original Q1 2024 press release issued May 8, 2024; correction filed May 15, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":-2.81,"consensus_revenue_estimate":null,"consensus_revenue_actual":541813000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":237492,"accession_number":"0001628280-24-021897","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2024-05-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Forward Air Q1 net loss $88.8M; appoints Shawn Stewart CEO; Omni integration in progress","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q1 net loss of $88.8M ($2.35 diluted loss) vs net income of $33.9M ($1.27) in Q1 2023.","Operating revenue $541.8M (+51.5%) includes $225M from Omni from Jan 25; Omni contributed ($5.9M) adjusted EBITDA.","Appointed Shawn Stewart as CEO; he pledges to improve profitability and capture synergies.","Legacy (ex-Omni) adjusted EBITDA declined 41% YoY; April showed 6% sequential revenue growth vs 15% decline in prior year.","Cost synergies on track; full-year 2024 guidance to be provided on Q2 earnings call."],"consensus_eps_estimate":null,"consensus_eps_actual":-2.81,"consensus_revenue_estimate":null,"consensus_revenue_actual":541813000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":237491,"accession_number":"0001628280-24-018429","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2024-04-26T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Forward Air names Shawn Stewart CEO effective April 28; 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this amendment provides required audited financials."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":255037,"accession_number":"0001628280-24-012579","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2024-03-21T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Forward Air director W. Gil West to step down from board, will not seek re-election","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["W. 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adjusted EPS $0.81 beats guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss of $14.7M ($0.58 diluted loss) vs net income of $39M ($1.45) in Q4 2022.","Revenue $338M, down 16% YoY; LTL pounds per day +6%, weight per shipment +11%.","Adjusted diluted EPS $0.81, above guidance range of $0.78-$0.80.","Closed Omni Logistics acquisition on Jan 25, 2024; temporarily suspending earnings guidance due to integration.","On-time service 98%, cargo claims ratio 0.09%; intermodal and truckload brokerage demand weaker."],"consensus_eps_estimate":null,"consensus_eps_actual":6.4,"consensus_revenue_estimate":null,"consensus_revenue_actual":1370735000.0,"consensus_period":"2023-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":255035,"accession_number":"0001628280-24-004991","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2024-02-15T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Forward Air subsidiary amends credit agreement; covenant eased to 6.00x, revolver cut to $340M, $80M term loan repaid.","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Amendment No. 2 temporarily increases max consolidated first lien net leverage ratio to 6.00x for Q2/Q3 2024, stepping down to 4.50x by Q3 2025.","Revolving credit commitments reduced from $400M to $340M, a $60M reduction.","Borrower Clue Opco repaid $80M aggregate principal amount of term B loans prior to amendment closing.","New covenant restricts restricted payments unless pro forma total net leverage ratio below 3.20x."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":255034,"accession_number":"0000950157-24-000133","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2024-02-07T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Forward Air CEO Tom Schmitt departs; Interim CEO, new Chairman, and directors appointed","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Thomas Schmitt ceased as Chairman, President, and CEO; termination without cause under Severance Plan.","Michael Hance, 18-year veteran, appointed Interim CEO; remains Chief Legal Officer and Secretary.","Chris Ruble, 28-year employee and COO, appointed President and COO.","George Mayes appointed independent Chairman; Gil West and Christopher Schmachtenberger join Board.","Search Committee for permanent CEO formed; Integration Committee for Omni acquisition established."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":255033,"accession_number":"0001193125-24-021078","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2024-01-31T23:59:59+00:00","items":["1.01","1.02","2.01","2.03","3.01","5.03","5.02","7.01","9.01"],"status":"ready","headline":"Forward Air completes $20M cash + stock acquisition of Omni; assumes $1.85B in new debt","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquisition of Omni closed Jan 25, 2024; consideration includes $20M cash and equity representing up to 35% of Forward's fully diluted shares.","Forward assumed $725M 9.500% senior secured notes due 2031 and entered $1.525B new credit facilities ($1.125B term loan + $400M revolver).","Ridgemont Equity Partners and EVE Omni Investor gained board nomination rights (2 and 1 directors, respectively) via shareholders agreements.","John J. Schickel, Jr. declined President role; employment terminated Jan 30, 2024 with $1.17M severance.","Terminated existing $450M credit agreement ($150M term + $300M revolver) as part of closing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":255032,"accession_number":"0000950157-24-000074","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2024-01-24T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"Forward Air settles Omni litigation; amends merger to $20M cash plus equity stake up to 35%","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Settled all claims in Omni Newco v. Forward Air (Del. Ch.) and entered Amendment No. 1 to Merger Agreement.","New consideration: $20M cash + 5,135,005 common shares (16.5% fully diluted); with conversion approval another 8,880,010 shares (total 35%).","If forward fails to close and court orders specific performance, consideration reverts to original $150M cash plus higher equity.","Outside date extended to June 30, 2024; forward must fund interest on Omni's debt if closing slips past March 31.","If governmental restraint prevents closing by Feb 10, 2024, consideration also reverts to original."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":272500,"accession_number":"0001193125-23-304001","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2023-12-27T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"Forward Air sells Final Mile business to Hub Group for $262M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Final Mile sold to Hub Group for $262M cash; transaction closed Dec 20, 2023.","Final Mile generated ~$289M revenue in 12 months ended Sep 30, 2023.","Business has ~45 locations and over 640 employees transferring to Hub Group.","Final Mile revenue grew over 150% since inception in 2019, CEO cites corporate clarity."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":272499,"accession_number":"0001628280-23-042025","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2023-12-20T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Forward Air subsidiary secures $1.125B term loan to finance Omni merger, placed in escrow","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["GN Loanco, LLC obtained $1.125B senior secured term B loans from Citibank; mature Dec 19, 2030.","Proceeds deposited into escrow; will fund cash consideration and refinance debt if merger closes.","Interest at SOFR + 4.50% or base rate + 3.50%; 1% annual amortization after merger close.","If merger not closed by Feb 12, 2024 or terminated, loans subject to special mandatory prepayment.","Merger (announced Aug 10, 2023) remains subject to ongoing legal proceedings in TN and DE."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":272498,"accession_number":"0001628280-23-041649","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2023-12-15T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Omni Newco YTD net loss $171.2M, revenue down 29% YoY","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Nine-month revenue $998.9M vs $1.407B in prior year; net loss $171.2M vs net income $8.5M.","Operating loss $49.0M; interest expense $122.1M; negative members' equity $10.2M.","Cash from operations negative $95.4M vs positive $117.5M; total debt $1.44B.","Contingent consideration liability $54.9M; goodwill $530.5M as of Sep 30, 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":272497,"accession_number":"0001628280-23-041248","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2023-12-11T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Forward Air files pro forma financials for Omni acquisition; pro forma net loss of $89.4M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Pro forma combined revenues for 9mo Sep 30, 2023: $2.214B; net loss attributable to common: $89.4M.","Pro forma combined assets of $4.376B as of Sep 30, 2023, including goodwill of $1.658B.","Estimated purchase price of ~$2.645B; comprised of $150M cash, equity, and contingent consideration.","Financing includes $725M 9.500% senior secured notes due 2031, $1.125B term loan B, and $400M revolver.","Pro forma EPS for 9mo 2023: basic ($3.35), diluted ($3.35) vs prior standalone FWRD EPS of $2.51."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":272496,"accession_number":"0001628280-23-041091","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2023-12-07T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Forward Air Q4-to-date: weight per shipment +11%, revenue per shipment ex-fuel +2.6%","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Weight per shipment increased 11.0% vs same period last year through November 2023.","Revenue per shipment excluding fuel rose 2.6%; pounds per day increased 5.5%.","Revenue per ton mile excluding fuel improved 1.8% year-over-year.","Management cites LTL tonnage growth and pricing discipline under Grow Forward strategy."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":272495,"accession_number":"0001628280-23-038812","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2023-11-14T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Forward Air to present strategic update at Stephens conference, including 2026 targets","summary_kind":"llm","event_type":"other_material","confidence":"medium","bullets":["CEO Tom Schmitt and CFO Rebecca Garbrick to present at Stephens 25th Annual Investment Conference on Nov 14, 2023.","Company to discuss next phase of Grow Forward revenue strategy with enhanced LTL focus.","Management to provide 2026 high-level targeted outcomes; more detail to come.","Live webcast available; replay on investor relations site for 90 days."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":272494,"accession_number":"0001628280-23-038498","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2023-11-13T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Forward Air files counterclaim against Omni, seeks to terminate merger","summary_kind":"llm","event_type":"litigation","confidence":"high","bullets":["Filed answer and counterclaim in Delaware Court of Chancery on Nov 10, 2023.","Alleges Omni failed to comply with Sections 7.03 and 7.14 of the Merger Agreement.","Believes Omni acted in bad faith; closing condition under Section 8.02(b) will not be met.","Seeks declaratory judgment that Forward is not obligated to close and may terminate agreement.","Public version of answer/counterclaim to be filed by November 17, 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":272493,"accession_number":"0001628280-23-035544","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2023-10-30T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"Forward Air Q3 revenue down 19%; adjusted EPS $0.99; Q4 guidance weak","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $413.4M (-18.9% YoY); net income $9.3M ($0.36 diluted EPS).","Adjusted net income per diluted share $0.99 vs $1.93 GAAP in prior year.","Q4 2023 guidance: revenue decline 7-17% YoY; adjusted EPS $0.98-$1.02 vs $1.65 prior.","Board declares $0.24/share quarterly dividend, payable Dec 7 to holders Nov 22.","Company accelerating strategic portfolio review; LTL volumes improve, intermodal weak."],"consensus_eps_estimate":null,"consensus_eps_actual":2.5,"consensus_revenue_estimate":null,"consensus_revenue_actual":1242695000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":272492,"accession_number":"0000950157-23-001086","cik":912728,"company_name":"FORWARD AIR CORP","ticker":"FWRD","form_type":"8-K","filed_at":"2023-10-26T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Forward Air says Omni deal unlikely to close; considering termination","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Court dissolved TRO sought by shareholders to block the Omni merger.","Forward asserts Omni failed to comply with Sections 7.03 and 7.14 of the merger agreement.","Forward believes closing condition under Section 8.02(b) won't be satisfied, so it won't close.","Forward considering terminating the agreement and withdrew 2024 adjusted EBITDA target."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":328267999.05919003,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2023-10-26T23:59:59+00:00|272492"}