secwatch.observer — SEC 8-K summary
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Issuer:     XPO, Inc. (XPO)
CIK:        0001166003
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0001104659-23-047859
Event type: leadership
Sentiment:  positive
Materiality: 0.70
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XPO appoints Dave Bates as COO, former Old Dominion SVP; effective April 21
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- Dave Bates named COO of North American LTL, effective April 21, 2023.
- Bates spent 27 years at Old Dominion, last 12 as SVP operations.
- Annual base salary $750,000; eligible for quarterly LTL profit-sharing bonus (0.56% participation factor).
- Sign-on cash bonus of $1.5M (subject to 24-month repayment if voluntary exit).
- One-time LTI award with $7.15M target: $2.65M RSUs (2-year vest) + $4.5M PRSUs (5-year cliff).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166003/000110465923047859/0001104659-23-047859-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166003/000110465923047859/tm2313349d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-047859

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