secwatch.observer — SEC 8-K summary
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Issuer:     LANDSTAR SYSTEM INC (LSTR)
CIK:        0000853816
Form:       8-K
Filed at:   2022-03-01T23:59:59+00:00
Accession:  0001193125-22-061364
Event type: leadership
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Landstar elects Teresa L. White and James L. Liang to board
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- Board expanded to nine members; White and Liang elected as Class I and Class III directors, effective March 1, 2022.
- Both appointed to Audit, Compensation, Nominating & ESG, Safety & Risk, and Strategic Planning committees.
- Each receives pro-rated restricted stock award (~$21,699) and annual director fee of $75,000.
- Liang qualifies as audit committee financial expert; both are independent under SEC and Nasdaq rules.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/853816/000119312522061364/0001193125-22-061364-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/853816/000119312522061364/d317975d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-061364

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