Landstar CFO Fred Pensotti to depart July 1, 2022; James Todd promoted to CFO

LANDSTAR SYSTEM INC

Fred Pensotti will step down as VP and CFO effective July 1, 2022, to pursue another opportunity.
James P. Todd, previously VP and Corporate Controller, promoted to VP and CFO, effective July 1, 2022.
Todd's annual salary increases to $340,000; eligible for annual bonus with threshold target of 50% of base salary.
Todd will enter into Indemnification and Key Executive Employment Protection Agreements with severance equal to 2x base salary plus target bonus upon qualifying change-in-control termination.
Pensotti will receive separation benefits per his May 2021 letter agreement.

item 5.02

Executive movements

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

Appointed

James P. Todd

Vice President and Chief Financial Officer

LSTR · LANDSTAR SYSTEM INC

Effective: 2022-07-01
Filed: June 1, 2022, 7:59 PM ET

Also on June 1, 2022, the Company announced the promotion of James P. Todd to Vice President and Chief Financial Officer of the Company, effective July 1, 2022.

Departed

Federico ("Fred") L. Pensotti

Vice President and Chief Financial Officer

LSTR · LANDSTAR SYSTEM INC

Effective: 2022-07-01
Successor: James P. Todd
Filed: June 1, 2022, 7:59 PM ET

On June 1, 2022, Landstar System, Inc. (“Landstar” or the “Company”) announced that Federico (“Fred”) L. Pensotti will depart from the Company as Vice President and Chief Financial Officer, effective July 1, 2022, to pursue another professional opportunity.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

James P. Todd was appointed as Vice President and Chief Financial Officer at LANDSTAR SYSTEM INC.

Action: promoted
Role: Vice President and Chief Financial Officer

Exact text from the filing

Also on June 1, 2022, the Company announced the promotion of James P. Todd to Vice President and Chief Financial Officer of the Company, effective July 1, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Federico ("Fred") L. Pensotti departed as Vice President and Chief Financial Officer at LANDSTAR SYSTEM INC.

Action: depart
Role: Vice President and Chief Financial Officer

Exact text from the filing

On June 1, 2022, Landstar System, Inc. (“Landstar” or the “Company”) announced that Federico (“Fred”) L. Pensotti will depart from the Company as Vice President and Chief Financial Officer, effective July 1, 2022, to pursue another professional opportunity.

View on SEC.gov

LANDSTAR SYSTEM INC filing history →

Source: SEC EDGAR

accession 0001193125-22-164626

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.