8-K
filed August 3, 2021, 7:59 PM ET
ticker XPO
CIK 0001166003
other material
confidence high
sentiment neutral
materiality 0.80
XPO completes spin-off of GXO Logistics; distributes 1 GXO share per XPO share
XPO, Inc.
- Distribution of GXO common stock completed Aug 2, 2021; GXO begins regular-way trading on NYSE under GXO.
- XPO redeems $1.0B of 6.75% senior notes due 2024 at 103.375% of principal, and $535M of 6.125% notes due 2023 at 100%.
- New directors appointed: Jason Aiken (CFO of General Dynamics), Mary Kissel, Allison Landry, Johnny C. Taylor Jr.
- ABL credit facility amended: aggregate commitments reduced from $1.1B to $1.0B upon Distribution.
- Pro forma Q1 2021 revenue for XPO standalone: $2.989B (vs. $4.774B consolidated); net income $67M (vs. $115M).
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jason Papastavrou resigned as director at XPO, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Gena Ashe, Marlene Colucci, Jason Papastavrou and Oren Shaffer resigned from the company’s board of directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mary Kissel was appointed as director at XPO, Inc..
- Action
- appointed
- Role
- director
Exact text from the filing
Mary Kissel was appointed a director of the company and a member of the Compensation Committee.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gena Ashe resigned as director at XPO, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Gena Ashe, Marlene Colucci, Jason Papastavrou and Oren Shaffer resigned from the company’s board of directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Oren Shaffer resigned as director at XPO, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Gena Ashe, Marlene Colucci, Jason Papastavrou and Oren Shaffer resigned from the company’s board of directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Marlene Colucci resigned as director at XPO, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Gena Ashe, Marlene Colucci, Jason Papastavrou and Oren Shaffer resigned from the company’s board of directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Allison Landry was appointed as director at XPO, Inc..
- Action
- appointed
- Role
- director
Exact text from the filing
Allison Landry was appointed a director of the company and a member of both the Audit Committee and the Compensation Committee.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Johnny C. Taylor Jr. was appointed as director at XPO, Inc..
- Action
- appointed
- Role
- director
Exact text from the filing
Johnny C. Taylor, Jr. was appointed a director of the company and chairman of the Compensation Committee.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jason Aiken was appointed as director at XPO, Inc..
- Action
- appointed
- Role
- director
Exact text from the filing
Jason Aiken was appointed a director of the company and chairman of the Audit Committee.
View on SEC.gov
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