secwatch.observer — SEC 8-K summary
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Issuer:     XPO, Inc. (XPO)
CIK:        0001166003
Form:       8-K
Filed at:   2022-01-03T23:59:59+00:00
Accession:  0001104659-22-000409
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

President Troy Cooper leaves XPO Logistics effective Dec 27, 2021 by mutual agreement
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- Cooper will receive payments and benefits due upon a termination without 'cause' per his employment agreement.
- Noncompetition covenant extended from 3 to 4 years in exchange for cash equal to base salary, payable over 4th year.
- Non-solicitation and non-hire covenants extended from 2 to 4 years for additional cash equal to base salary, payable over years 3 and 4.
- Cooper to provide consulting services for 6 months post-separation for an aggregate fee of up to $275,000.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166003/000110465922000409/0001104659-22-000409-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166003/000110465922000409/tm2136545d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-000409

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