---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-22-002706"
form_type: "8-K"
ticker: "XPO"
cik: "0001166003"
company_name: "XPO, Inc."
filed_at: "2022-09-13T23:59:59+00:00"
generated_at: "2026-06-23T09:55:44.111511+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# XPO CEO Brad Jacobs to become executive chairman with new 5-year employment agreement

## Summary
- Brad Jacobs transitions from CEO to executive chairman of XPO in connection with planned spin-off.
- New 5-year employment agreement with $600,000 base salary and target annual bonus of 150% of salary.
- Long-term incentive compensation target of $5,000,000 per year.
- Post-termination non-compete payment equal to 1x base salary plus target bonus annually for up to 4 years.
- Restrictive covenants include non-competition for 3 years (extendable by 12 months) and non-solicitation for 2 years.

## SEC filing metadata
- accession: 0000950142-22-002706
- form_type: 8-K
- ticker: XPO
- cik: 0001166003
- company_name: XPO, Inc.
- filed_at: 2022-09-13T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1166003/000095014222002706/0000950142-22-002706-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1166003/000095014222002706/eh220284754_8k-xpo.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-22-002706
- JSON: https://secwatch.observer/filing/0000950142-22-002706.json
- Plain text: https://secwatch.observer/filing/0000950142-22-002706.txt

## Key facts
- Executive change
  Bradley S. Jacobs changed role as Executive Chairman at XPO, Inc..
  - Action: become executive chairman
  - Role: Executive Chairman
  source text: Mr. Bradley S. Jacobs, the chairman and chief executive officer of the Company, will become the executive chairman of the Company’s board of directors (the “Board”) and cease to serve as the Company’s chief executive officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1166003/000095014222002706/0000950142-22-002706-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.