secwatch.observer — SEC 8-K summary
======================================

Issuer:     XPO, Inc. (XPO)
CIK:        0001166003
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001628280-22-027576
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XPO completes spin-off of RXO; pro forma revenue drops to $7.2B (2021) from $12.8B
--------------------------------------------------------------------------------

- Spin-off effective Nov 1, 2022; XPO stockholders received one RXO share per XPO share held on Oct 20, 2022.
- Pro forma 2021 revenue $7.2B, diluted EPS $0.80 (vs. historical $2.82), reflecting discontinuation of RXO and Intermodal.
- Pro forma 2020 revenue $6.2B, diluted EPS $(1.54) (vs. historical $(0.45)).
- XPO received $554M cash from RXO and repaid $545M debt; pro forma long-term debt $2.3B.
- Mario Harik appointed CEO, Brad Jacobs named executive chairman; three new directors appointed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166003/000162828022027576/0001628280-22-027576-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166003/000162828022027576/xpo-20221031.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-027576

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer