secwatch.observer — SEC 8-K summary
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Issuer:     LANDSTAR SYSTEM INC (LSTR)
CIK:        0000853816
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001193125-23-141775
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Landstar stockholders approve board declassification; annual director elections by 2025
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/853816/000119312523141775/0001193125-23-141775-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/853816/000119312523141775/d361941d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-141775

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