secwatch.observer — SEC 8-K summary
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Issuer:     Hub Group, Inc. (HUBG)
CIK:        0000940942
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0001193125-22-215743
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/940942/000119312522215743/0001193125-22-215743-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/940942/000119312522215743/d385690d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-215743

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