8-K
filed May 11, 2023, 7:59 PM ET
ticker LSTR
CIK 0000853816
other material
confidence high
sentiment neutral
materiality 0.40
Landstar stockholders approve board declassification; annual director elections by 2025
LANDSTAR SYSTEM INC
- Declassification approved with 32.8M votes for, 4.7K against; effective immediately.
- Board will be fully declassified by 2025; annually elected directors may be removed with or without cause by majority vote.
- Three directors elected: Bannister, Liang, Scanlon to terms expiring at 2024 annual meeting.
- KPMG LLP ratified as independent auditor for FY2023 (33.4M for, 556.9K against).
- Advisory votes on executive compensation approved; future votes to be held annually per shareholder preference.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LANDSTAR SYSTEM INC shareholders approved Election of three Directors whose terms will expire at the 2024 Annual Meeting at the 2023-05-10 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-10
Exact text from the filing
At the meeting, David G. Bannister, James L. Liang, and George P. Scanlon were each elected by the Stockholders to serve a new term as a Director on the Board, with such term to expire at the 2024 Annual Meeting.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LANDSTAR SYSTEM INC shareholders approved Ratification of appointment of KPMG LLP as the Company's independent registered public accounting firm for fiscal year 2023 at the 2023-05-10 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-10
Exact text from the filing
At the meeting, the Stockholders ratified the appointment of KPMG LLP as the Company's independent registered public accounting firm for fiscal year 2023.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LANDSTAR SYSTEM INC shareholders approved Advisory vote on the frequency of the advisory vote on executive compensation at the 2023-05-10 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-10
Exact text from the filing
At the meeting, the Stockholders voted to approve an annual advisory vote on executive compensation.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LANDSTAR SYSTEM INC shareholders approved Declassification Proposal to approve the COI Amendments at the 2023-05-10 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-05-10
Exact text from the filing
At the meeting, the Stockholders voted to approve the Declassification Amendment.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LANDSTAR SYSTEM INC shareholders approved Advisory vote on the Company's 2022 executive compensation at the 2023-05-10 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-10
Exact text from the filing
This proposal received 31,054,801 affirmative votes and 1,719,176 negative votes.
View on SEC.gov
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