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

Issuer:     FORWARD AIR CORP (FWRD)
CIK:        0000912728
Form:       8-K
Filed at:   2024-05-21T23:59:59+00:00
Accession:  0001628280-24-024462
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forward Air appoints Jamie Pierson as interim CFO; CFO Rebecca Garbrick departs
-------------------------------------------------------------------------------

- CFO Rebecca Garbrick departs; termination without cause, eligible for severance and outplacement up to $20k.
- Jamie G. Pierson appointed interim CFO effective May 20, 2024; previously CFO at MV Transportation and YRC Worldwide.
- Pierson receives $78k/month salary, $150k milestone bonus, and possible $250k transition payment if not permanent CFO.
- Forward Air initiates search for permanent CFO with assistance of an executive search firm.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912728/000162828024024462/0001628280-24-024462-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912728/000162828024024462/fwrd-20240515.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-024462

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