8-K
filed February 7, 2024, 6:59 PM ET
ticker FWRD
CIK 0000912728
leadership
confidence high
sentiment neutral
materiality 0.75
Forward Air CEO Tom Schmitt departs; Interim CEO, new Chairman, and directors appointed
FORWARD AIR CORP
- 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.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael L. Hance was appointed as Interim Chief Executive Officer at FORWARD AIR CORP.
- Action
- appointed
- Role
- Interim Chief Executive Officer
Exact text from the filing
On February 6, 2024, Michael L. Hance, Chief Legal Officer and Secretary of the Company, was appointed to the role of Interim Chief Executive Officer in addition to his current position as Chief Legal Officer and Secretary
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Chris C. Ruble was appointed as President at FORWARD AIR CORP.
- Action
- appointed
- Role
- President
Exact text from the filing
and Chris C. Ruble, Chief Operating Officer of the Company, was appointed to the role of President in addition to his current position as Chief Operating Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
W. Gil West was appointed as Director at FORWARD AIR CORP.
- Action
- appointed
- Role
- Director
Exact text from the filing
On February 1, 2024, the Board of Directors (the “ Board ”) of Forward Air Corporation (the “ Company ” or “ Forward Air ”) voted to increase the size of the Board from 15 to 16 members pursuant to the bylaws of the Company and appointed W. Gil West to the Board to fill the newly authorized Board position.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Thomas Schmitt departed as Chairman, President and Chief Executive Officer at FORWARD AIR CORP.
- Action
- ceased serving
- Role
- Chairman, President and Chief Executive Officer
Exact text from the filing
On February 6, 2024, Thomas Schmitt ceased serving as Chairman, President and Chief Executive Officer of the Company and as a member of the Board, with his last day of employment being February 9, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
George S. Mayes was appointed as independent Chairman of the Board at FORWARD AIR CORP.
- Action
- appointed
- Role
- independent Chairman of the Board
Exact text from the filing
On February 6, 2024, the Board appointed George S. Mayes, Director of the Company, to the position of independent Chairman of the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Christopher Schmachtenberger was appointed as Director at FORWARD AIR CORP.
- Action
- appointed
- Role
- Director
Exact text from the filing
On February 5, 2024, the Board appointed Christopher Schmachtenberger to the Board, following his designation by EVE Omni Investor, LLC (“ EVE ”) pursuant to the Shareholders Agreement, dated January 25, 2024, among the Company, EVE and certain EVE related parties (the “EVE Shareholders Agreement”), to fill an existing vacancy on the Board.
View on SEC.gov
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