{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-288872","form_type":"8-K","ticker":"LSTR","cik":"0000853816","company_name":"LANDSTAR SYSTEM INC","filed_at":"2023-12-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.160229+00:00","generated_at":"2026-06-07T18:26:00.351602+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Landstar CEO Gattoni to retire Feb 2, 2024; Frank Lonegro named new CEO","bullets":["James Gattoni resigns as CEO and board member effective Feb 2, 2024 after 28 years; will serve as special advisor to new CEO until July 1, 2024.","Frank Lonegro, 55, joins as President and CEO and board member effective Feb 2, 2024; previously EVP & CFO of Beacon Roofing Supply.","Lonegro receives $800k salary, 100% bonus target, $2M sign-on restricted stock (vests 2 years), $800k cash bonus replacement, and $10M performance stock units tied to 9% TSR CAGR.","Lonegro also eligible for initial February 2024 equity grants of $2M PSUs, $1M restricted stock, and $1M TSR-based PSUs.","Gattoni's 2023 MICP bonus remains if conditions met; his equity vesting continues through Retirement Date, then ceases."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-288872","json":"https://secwatch.observer/filing/0001193125-23-288872.json","markdown":"https://secwatch.observer/filing/0001193125-23-288872.md","text":"https://secwatch.observer/filing/0001193125-23-288872.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/853816/000119312523288872/0001193125-23-288872-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/853816/000119312523288872/d613753d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T18:26:00.351602+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":"9d7003322b","claim":"James B. Gattoni was appointed as Special Advisor to the Chief Executive Officer at LANDSTAR SYSTEM INC.","evidence_excerpt":"Mr. Gattoni will serve as a special advisor to the new Chief Executive Officer","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/853816/000119312523288872/0001193125-23-288872-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"will serve"},{"label":"Role","value":"Special Advisor to the Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"a5ba604e02","claim":"James B. Gattoni resigned as President and Chief Executive Officer at LANDSTAR SYSTEM INC.","evidence_excerpt":"James (“Jim”) B. Gattoni will resign from his position as President and Chief Executive Officer and a member of the Company’s board of directors, effective February 2, 2024, to retire after a 28 year career with Landstar.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/853816/000119312523288872/0001193125-23-288872-index.htm","confidence":0.99,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"b33193e3aa","claim":"Frank A. Lonegro was appointed as President and Chief Executive Officer at LANDSTAR SYSTEM INC.","evidence_excerpt":"Frank A. Lonegro would join the Company as President and Chief Executive Officer and a member of the Company’s board of directors, effective February 2, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/853816/000119312523288872/0001193125-23-288872-index.htm","confidence":0.99,"family_label":"Executive change","details":[{"label":"Action","value":"will join"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}