Hub Group repurchases ~$34.8M stock from Mark Yaeger entities; CEO David Yaeger group consolidates control

Hub Group, Inc.

Exchange of 243,755 Class B shares for Class A shares plus $8M premium; then Hub repurchases all Mark Yaeger shares for ~$34.8M.
Repurchase price per share equal to closing price on Aug 8, 2022; aggregate consideration $34,766,693.
Board increased share repurchase authorization to maintain $75M capacity net of the repurchase.
Audit committee approved as related-party transaction; existing stockholders' agreements terminated, new DPY Stockholders' Agreement executed.

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