Landstar CCO Robert Brasher steps down, becomes Special Advisor to CEO through June 2024

LANDSTAR SYSTEM INC

Robert Brasher resigns as VP and Chief Commercial Officer effective Feb 27, 2023.
Appointed Special Advisor to CEO; salary reduced to $175,000 annually.
No bonus eligibility under MICP for fiscal years 2023 or 2024.
Key Executive Employment Protection Agreement terminated; non-compete until June 30, 2024.

item 1.01 item 5.02 item 9.01

Executive movements

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Role change

Robert S. Brasher

Vice President and Chief Commercial Officer

LSTR · LANDSTAR SYSTEM INC

Effective: 2023-02-27
Filed: February 28, 2023, 6:59 PM ET

On February 27, 2023, the Company announced that Robert S. Brasher, Vice President and Chief Commercial Officer of the Company, will step down from his current position effective immediately, to serve as Special Advisor to the Chief Executive Officer of the Company until the anticipated end of his employment with the Company in June 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Robert S. Brasher changed role as Vice President and Chief Commercial Officer at LANDSTAR SYSTEM INC.

Action: step down
Role: Vice President and Chief Commercial Officer

Exact text from the filing

On February 27, 2023, the Company announced that Robert S. Brasher, Vice President and Chief Commercial Officer of the Company, will step down from his current position effective immediately, to serve as Special Advisor to the Chief Executive Officer of the Company until the anticipated end of his employment with the Company in June 2024.

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LANDSTAR SYSTEM INC filing history →

Source: SEC EDGAR

accession 0001193125-23-052365

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