secwatch.observer — SEC 8-K summary
======================================

Issuer:     XPO, Inc. (XPO)
CIK:        0001166003
Form:       8-K
Filed at:   2022-10-11T23:59:59+00:00
Accession:  0000950142-22-002856
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XPO board approves RXO spin-off; distribution expected Nov 1, 2022; new board and CFO named
--------------------------------------------------------------------------------

- Spin-off of RXO approved; pro rata distribution of one RXO share per XPO share on Nov 1, 2022, record date Oct 20.
- Three directors (DeSalva, Kingshott, Kissel) to resign and join RXO board; three new directors appointed (Allaire, Harik, Moshouris) post-spin-off.
- CFO Ravi Tulsyan steps down Nov 8, becomes senior advisor; Carl Anderson appointed CFO with $625k base salary and $1M equity sign-on.
- When-issued trading for XPO ex-distribution expected to start on or about Oct 27, 2022.
- New XPO board will have eight members, six independent; Brad Jacobs remains executive chairman.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166003/000095014222002856/0000950142-22-002856-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166003/000095014222002856/eh220293929_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-22-002856

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer