{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-141775","form_type":"8-K","ticker":"LSTR","cik":"0000853816","company_name":"LANDSTAR SYSTEM INC","filed_at":"2023-05-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.440637+00:00","generated_at":"2026-06-15T05:23:38.774929+00:00","sec_items":["5.03","5.07","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Landstar stockholders approve board declassification; annual director elections by 2025","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-141775","json":"https://secwatch.observer/filing/0001193125-23-141775.json","markdown":"https://secwatch.observer/filing/0001193125-23-141775.md","text":"https://secwatch.observer/filing/0001193125-23-141775.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/853816/000119312523141775/0001193125-23-141775-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/853816/000119312523141775/d361941d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T05:23:38.774929+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"16df9054da8e79ad17a7662d6c1a859115962eb4","claim":"LANDSTAR SYSTEM INC shareholders approved Election of three Directors whose terms will expire at the 2024 Annual Meeting at the 2023-05-10 meeting.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/853816/000119312523141775/0001193125-23-141775-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-10"}],"fact_type":"shareholder_vote"},{"claim_id":"9f8f2210f256c05616a1d6bb4bd99a5997c6f14b","claim":"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.","evidence_excerpt":"At the meeting, the Stockholders ratified the appointment of KPMG LLP as the Company's independent registered public accounting firm for fiscal year 2023.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/853816/000119312523141775/0001193125-23-141775-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"auditor ratification"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-10"}],"fact_type":"shareholder_vote"},{"claim_id":"d59701f14daa3c461c6e391b7cb04a1dc76388c5","claim":"LANDSTAR SYSTEM INC shareholders approved Advisory vote on the frequency of the advisory vote on executive compensation at the 2023-05-10 meeting.","evidence_excerpt":"At the meeting, the Stockholders voted to approve an annual advisory vote on executive compensation.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/853816/000119312523141775/0001193125-23-141775-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay frequency"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-10"}],"fact_type":"shareholder_vote"},{"claim_id":"da40122ae2dbd7515643b99e0d4cf2d589cee29e","claim":"LANDSTAR SYSTEM INC shareholders approved Declassification Proposal to approve the COI Amendments at the 2023-05-10 meeting.","evidence_excerpt":"At the meeting, the Stockholders voted to approve the Declassification Amendment.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/853816/000119312523141775/0001193125-23-141775-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"charter amendment"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-10"}],"fact_type":"shareholder_vote"},{"claim_id":"e60d9a95e6a3c8941cd371bcd75ac59900e7cdec","claim":"LANDSTAR SYSTEM INC shareholders approved Advisory vote on the Company's 2022 executive compensation at the 2023-05-10 meeting.","evidence_excerpt":"This proposal received 31,054,801 affirmative votes and 1,719,176 negative votes.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/853816/000119312523141775/0001193125-23-141775-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-10"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}