secwatch.observer — SEC 8-K summary
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Issuer:     XPO, Inc. (XPO)
CIK:        0001166003
Form:       8-K
Filed at:   2022-08-05T23:59:59+00:00
Accession:  0001104659-22-086762
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

XPO promotes Mario Harik to CEO; Brad Jacobs becomes executive chairman
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- Mario Harik named CEO effective upon spin-off or Jan 1, 2023; also appointed to board.
- Brad Jacobs transitions to executive chairman from CEO.
- Harik's employment agreement: $850k base salary, 200% target bonus, $6.5M promotion PSU award.
- Eligible for 2023 long-term incentive of $7.5M (80% PSUs, 20% RSUs).
- Harik had been acting president LTL since Oct 2021; previously CIO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166003/000110465922086762/0001104659-22-086762-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166003/000110465922086762/tm2222510d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-086762

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