---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-123208"
form_type: "8-K"
ticker: "LSTR"
cik: "0000853816"
company_name: "LANDSTAR SYSTEM INC"
filed_at: "2025-05-20T23:59:59+00:00"
generated_at: "2026-05-21T00:52:13.667729+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Landstar shareholders reject say-on-pay at 2025 annual meeting; all directors elected

## Summary
- Advisory vote on 2024 executive compensation failed: 15.2M for vs 17.0M against (52.8% opposed).
- All eight director nominees elected; David G. Bannister received 4.0M votes withheld, Diana M. Murphy 2.9M.
- KPMG LLP ratified as FY2025 auditor with 32.9M votes for (98.7% approval).
- Approximately 96% of outstanding shares (33.4M) represented at the meeting.
- Say-on-pay failure signals significant shareholder discontent with compensation practices.

## SEC filing metadata
- accession: 0001193125-25-123208
- form_type: 8-K
- ticker: LSTR
- cik: 0000853816
- company_name: LANDSTAR SYSTEM INC
- filed_at: 2025-05-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/853816/000119312525123208/0001193125-25-123208-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/853816/000119312525123208/d831015d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-123208
- JSON: https://secwatch.observer/filing/0001193125-25-123208.json
- Plain text: https://secwatch.observer/filing/0001193125-25-123208.txt

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