8-K filed November 17, 2022, 6:59 PM ET ticker HUBG CIK 0000940942

leadership confidence high sentiment neutral materiality 0.65

Hub Group announces CEO succession: David Yeager retires, Phil Yeager becomes CEO Jan 1, 2023

Hub Group, Inc.

David P. Yeager retires as CEO after 26 years, becomes Executive Chairman.
Phillip D. Yeager (son) promoted from President/COO to President and CEO, joins Board.
Brian Alexander promoted to COO; Chris Hoffmeister to Chief Commercial Officer; Brian Meents to Chief Marketing Officer.
Phil Yeager salary $750k, target incentive 125%; David Yeager salary $725k, incentive 100%; equity grants disclosed.
All changes effective January 1, 2023; Board expands from 9 to 10 members.

item 5.02 item 9.01

Executive movements

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

Appointed

Phillip D. Yeager

Director

HUBG · Hub Group, Inc.

Effective: 2023-01-01
Filed: November 17, 2022, 6:59 PM ET

Mr. Phillip Yeager will also join the Board of Directors of the Company, effective January 1, 2023.

Role change

David P. Yeager

Executive Chairman

HUBG · Hub Group, Inc.

Effective: 2023-01-01
Successor: Phillip D. Yeager
Filed: November 17, 2022, 6:59 PM ET

David P. Yeager, 69, will retire as CEO while continuing in the role of Executive Chairman of the Company.

Role change

Brian Alexander

Chief Operating Officer

HUBG · Hub Group, Inc.

Effective: 2023-01-01
Filed: November 17, 2022, 6:59 PM ET

Brian Alexander, 43, will be promoted to Chief Operating Officer.

Role change

Phillip D. Yeager

President and Chief Executive Officer

HUBG · Hub Group, Inc.

Effective: 2023-01-01
Successor: Brian Alexander
Filed: November 17, 2022, 6:59 PM ET

Phillip D. Yeager, 35, currently President and Chief Operating Officer of the Company, will continue as President and will succeed Mr. David Yeager as the Company's Chief Executive Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

Phillip D. Yeager was appointed as Director at Hub Group, Inc..

Action: elected to Board of Directors
Role: Director

Exact text from the filing

Mr. Phillip Yeager will also join the Board of Directors of the Company, effective January 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David P. Yeager was appointed as Executive Chairman at Hub Group, Inc..

Action: retired as CEO and appointed Executive Chairman
Role: Executive Chairman

Exact text from the filing

David P. Yeager, 69, will retire as CEO while continuing in the role of Executive Chairman of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Brian Alexander changed role as Chief Operating Officer at Hub Group, Inc..

Action: promoted to Chief Operating Officer
Role: Chief Operating Officer

Exact text from the filing

Brian Alexander, 43, will be promoted to Chief Operating Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Phillip D. Yeager changed role as President and Chief Executive Officer at Hub Group, Inc..

Action: promoted to President and CEO
Role: President and Chief Executive Officer

Exact text from the filing

Phillip D. Yeager, 35, currently President and Chief Operating Officer of the Company, will continue as President and will succeed Mr. David Yeager as the Company's Chief Executive Officer.

View on SEC.gov

Hub Group, Inc. filing history →

Source: SEC EDGAR

accession 0001171843-22-007552

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