XPO board approves GXO spin-off; record date July 23, distribution expected Aug 2

XPO, Inc.

Stockholders will receive one GXO share per XPO share held on July 23 record date.
Distribution expected at 12:01 a.m. ET on August 2, 2021; when-issued trading starts July 22.
Three XPO directors (Ashe, Colucci, Shaffer) to resign upon spin-off close and join GXO board.
GXO will be the largest pure-play contract logistics provider; XPO remains a leading LTL and brokerage firm.
GXO held its investor day on July 13; presentation materials furnished as Exhibit 99.1.

item 5.02 item 7.01 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Oren Shaffer

director

XPO · XPO, Inc.

Filed: July 13, 2021, 7:59 PM ET

Gena Ashe, Marlene Colucci and Oren Shaffer plan to resign as members of the board of directors of XPO in connection with, conditioned upon, and effective as of, the closing of the company's previously announced proposed spin-off

Departed

Marlene Colucci

director

XPO · XPO, Inc.

Filed: July 13, 2021, 7:59 PM ET

Gena Ashe, Marlene Colucci and Oren Shaffer plan to resign as members of the board of directors of XPO in connection with, conditioned upon, and effective as of, the closing of the company's previously announced proposed spin-off

Departed

Gena Ashe

director

XPO · XPO, Inc.

Filed: July 13, 2021, 7:59 PM ET

Gena Ashe, Marlene Colucci and Oren Shaffer plan to resign as members of the board of directors of XPO in connection with, conditioned upon, and effective as of, the closing of the company's previously announced proposed spin-off

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Oren Shaffer resigned as director at XPO, Inc..

Action: resigned
Role: director

Exact text from the filing

Gena Ashe, Marlene Colucci and Oren Shaffer plan to resign as members of the board of directors of XPO in connection with, conditioned upon, and effective as of, the closing of the company's previously announced proposed spin-off

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Marlene Colucci resigned as director at XPO, Inc..

Action: resigned
Role: director

Exact text from the filing

Gena Ashe, Marlene Colucci and Oren Shaffer plan to resign as members of the board of directors of XPO in connection with, conditioned upon, and effective as of, the closing of the company's previously announced proposed spin-off

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Gena Ashe resigned as director at XPO, Inc..

Action: resigned
Role: director

Exact text from the filing

Gena Ashe, Marlene Colucci and Oren Shaffer plan to resign as members of the board of directors of XPO in connection with, conditioned upon, and effective as of, the closing of the company's previously announced proposed spin-off

View on SEC.gov

XPO, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-21-091764

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.