---
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"
generated_at: "2026-06-07T18:26:00.351602+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Landstar CEO Gattoni to retire Feb 2, 2024; Frank Lonegro named new CEO

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-288872
- JSON: https://secwatch.observer/filing/0001193125-23-288872.json
- Plain text: https://secwatch.observer/filing/0001193125-23-288872.txt

## Key facts
- Executive change
  James B. Gattoni was appointed as Special Advisor to the Chief Executive Officer at LANDSTAR SYSTEM INC.
  - Action: will serve
  - Role: Special Advisor to the Chief Executive Officer
  source text: Mr. Gattoni will serve as a special advisor to the new Chief Executive Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/853816/000119312523288872/0001193125-23-288872-index.htm
- Executive change
  James B. Gattoni resigned as President and Chief Executive Officer at LANDSTAR SYSTEM INC.
  - Action: resigned
  - Role: President and Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/853816/000119312523288872/0001193125-23-288872-index.htm
- Executive change
  Frank A. Lonegro was appointed as President and Chief Executive Officer at LANDSTAR SYSTEM INC.
  - Action: will join
  - Role: President and Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/853816/000119312523288872/0001193125-23-288872-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.