8-K
filed August 2, 2021, 7:59 PM ET
ticker GXO
CIK 0001852244
other material
confidence high
sentiment positive
materiality 0.95
GXO completes spin-off from XPO, begins trading on NYSE as largest pure-play contract logistics provider
GXO Logistics, Inc.
- Distribution ratio: 1 share of GXO for each XPO share held; effective 12:01 a.m. ET on Aug 2, 2021.
- GXO made a $794M cash payment to XPO in connection with the separation.
- GXO launches with ~94,000 employees, 208M+ sq ft of warehouse space across 869 locations in 27 countries.
- Board expanded to 8 directors; Brad Jacobs appointed Chairman, Malcolm Wilson CEO.
- Blue-chip customers include Apple, Nike, Nestlé, Whirlpool; focus on technology and automation.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joli Gross was elected as Director at GXO Logistics, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
Each of Brad Jacobs, Oren Shaffer, Marlene Colucci, Gena Ashe, Joli Gross, Jason Papastavrou, and Malcolm Wilson was elected as a director
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jason Papastavrou was elected as Director at GXO Logistics, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
Each of Brad Jacobs, Oren Shaffer, Marlene Colucci, Gena Ashe, Joli Gross, Jason Papastavrou, and Malcolm Wilson was elected as a director
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Brad Jacobs was elected as Director at GXO Logistics, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
Each of Brad Jacobs, Oren Shaffer, Marlene Colucci, Gena Ashe, Joli Gross, Jason Papastavrou, and Malcolm Wilson was elected as a director
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Marlene Colucci was appointed as Vice Chair of the Board at GXO Logistics, Inc..
- Action
- appointed
- Role
- Vice Chair of the Board
Exact text from the filing
Marlene Colucci was appointed vice chair of the board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Malcolm Wilson was elected as Director at GXO Logistics, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
Each of Brad Jacobs, Oren Shaffer, Marlene Colucci, Gena Ashe, Joli Gross, Jason Papastavrou, and Malcolm Wilson was elected as a director
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gena Ashe was elected as Director at GXO Logistics, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
Each of Brad Jacobs, Oren Shaffer, Marlene Colucci, Gena Ashe, Joli Gross, Jason Papastavrou, and Malcolm Wilson was elected as a director
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Brad Jacobs was appointed as Chairman of the Board at GXO Logistics, Inc..
- Action
- appointed
- Role
- Chairman of the Board
Exact text from the filing
Brad Jacobs was appointed chairman of the board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Malcolm Wilson was appointed as Chief Executive Officer at GXO Logistics, Inc..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
Malcolm Wilson Chief Executive Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Marlene Colucci was elected as Director at GXO Logistics, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
Each of Brad Jacobs, Oren Shaffer, Marlene Colucci, Gena Ashe, Joli Gross, Jason Papastavrou, and Malcolm Wilson was elected as a director
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Maryclaire Hammond was appointed as Chief Human Resources Officer at GXO Logistics, Inc..
- Action
- appointed
- Role
- Chief Human Resources Officer
Exact text from the filing
Maryclaire Hammond Chief Human Resources Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Oren Shaffer was elected as Director at GXO Logistics, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
Each of Brad Jacobs, Oren Shaffer, Marlene Colucci, Gena Ashe, Joli Gross, Jason Papastavrou, and Malcolm Wilson was elected as a director
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Karlis Kirsis departed as Director at GXO Logistics, Inc..
- Action
- ceased
- Role
- Director
Exact text from the filing
Karlis Kirsis, who had been serving as a member of the board, ceased to be a director
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Oren Shaffer was appointed as Lead Independent Director at GXO Logistics, Inc..
- Action
- appointed
- Role
- Lead Independent Director
Exact text from the filing
Oren Shaffer was appointed lead independent director of the board
View on SEC.gov
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