{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-025230","form_type":"8-K","ticker":"EXPD","cik":"0000746515","company_name":"EXPEDITORS INTERNATIONAL OF WASHINGTON INC","filed_at":"2024-03-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.856134+00:00","generated_at":"2026-06-05T04:25:14.551650+00:00","sec_items":["7.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Expeditors provides operational update; headcount down 9% YoY, salaries down 17%","bullets":["Headcount declined 9% YoY as of Dec 31, 2023, mostly operational reductions; pace expected to slow in 2024.","Salaries and related costs fell 17% in 2023 vs 2022, driven by lower bonuses and commissions.","Operating income margin below 30% target in Q3 and Q4 2023, first time since Q1 2020.","Hired new Chief Information Security Officer and Chief Technology Officer to bolster cybersecurity and systems.","Reallocating administrative and non-operational headcount back into operational roles."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-025230","json":"https://secwatch.observer/filing/0000950170-24-025230.json","markdown":"https://secwatch.observer/filing/0000950170-24-025230.md","text":"https://secwatch.observer/filing/0000950170-24-025230.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/746515/000095017024025230/0000950170-24-025230-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/746515/000095017024025230/expd-20240304.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T04:25:14.551650+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}