---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-218141"
form_type: "8-K"
ticker: "HUBG"
cik: "0000940942"
company_name: "Hub Group, Inc."
filed_at: "2026-05-12T11:04:45+00:00"
generated_at: "2026-05-12T11:14:17.247651+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Hub Group restates 2023 and 2024 financials; premature revenue recognition cited

## Summary
- Audit Committee found 2023 and 2024 financials materially misstated; no longer reliable.
- Misstatements stem from transactions prematurely/incorrectly recognized or not adequately supported.
- Company expects to report ineffective disclosure controls and ICFR for both years.
- Review of additional accounting issues ongoing but not expected to change non-reliance conclusion.
- Independent auditor Ernst & Young LLP consulted on the matter.

## SEC filing metadata
- accession: 0001193125-26-218141
- form_type: 8-K
- ticker: HUBG
- cik: 0000940942
- company_name: Hub Group, Inc.
- filed_at: 2026-05-12T11:04:45+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/940942/000119312526218141/0001193125-26-218141-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/940942/000119312526218141/d146211d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-218141
- JSON: https://secwatch.observer/filing/0001193125-26-218141.json
- Plain text: https://secwatch.observer/filing/0001193125-26-218141.txt

## Key facts
- Auditor Changes
  Hub Group, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: Ernst & Young LLP
  source text: On May 11, 2026, the Audit Committee of the Board of Directors of Hub Group, Inc. (the “Company”), following discussion with and upon the recommendation of management, concluded that the previously issued audited consolidated financial statements of the Company as of and for each of the years ended December 31, 2024 (the “2024 Financial Statements”) and 2023 (the “2023 Financial Statements”) included in the Company’s Annual Reports on Form 10-K filed on February 25, 2025 and February 27, 2024, respectively, were in each case materially misstated and should no longer be relied upon.
  evidence_url: https://www.sec.gov/Archives/edgar/data/940942/000119312526218141/0001193125-26-218141-index.htm

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