secwatch.observer — SEC 8-K summary
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Issuer:     GXO Logistics, Inc. (GXO)
CIK:        0001852244
Form:       8-K
Filed at:   2024-12-04T23:59:59+00:00
Accession:  0000950142-24-002877
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GXO CEO Malcolm Wilson to retire in 2025; board begins search for successor
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- Wilson will continue as CEO during executive search process for his successor.
- Severance includes three additional $1M payments subject to non-compete and pro-rated RSU vesting.
- Shares worth $1M from RSUs locked up until December 3, 2026.
- Under Wilson, revenue grew from $7.9B (2021) to $11B (TTM Sep 2024); adjusted EBITDA from $633M to $757M.
- Wilson led acquisitions of Clipper Logistics and Wincanton during his tenure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852244/000095014224002877/0000950142-24-002877-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852244/000095014224002877/eh240564135_8k-gxo.htm
  HTML page:      https://secwatch.observer/filing/0000950142-24-002877

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