secwatch / observer

LANDSTAR SYSTEM INC — fact timeline

Source-grounded facts extracted from LANDSTAR SYSTEM INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

LSTR LANDSTAR SYSTEM INC JSON
Shareholder Votes

LANDSTAR SYSTEM INC shareholders approved Advisory vote on the Company's 2025 executive compensation at the 2026-05-05 meeting.

“This proposal received 28,709,272 affirmative votes and 1,650,850 negative votes. There were 31,851 abstentions and 1,221,621 broker non-votes with respect to this proposal.”
Shareholder Votes

LANDSTAR SYSTEM INC shareholders approved Ratification of the appointment of KPMG LLP as the Company's independent registered public accounting firm for fiscal year 2026 at the 2026-05-05 meeting.

“This proposal received 31,106,739 affirmative votes and 476,986 negative votes. There were 29,869 abstentions with respect to this proposal.”
Shareholder Votes

LANDSTAR SYSTEM INC shareholders approved Election of nine Directors whose terms will expire at the 2027 annual meeting of stockholders at the 2026-05-05 meeting.

“The votes cast with respect to Dr. Akbari, Mr. Bannister, Mr. Blanton, Ms. Hart, Mr. Liang, Mr. Lonegro, Ms. Murphy, Mr. Scanlon and Ms. White were as follows:”
Earnings Releases

LANDSTAR SYSTEM INC reported first quarter of fiscal 2026 results: revenue $1.171 billion, EPS $1.16.

“The Company reported total revenue of $1.171 billion in the 2026 first quarter, an increase of 2% as compared to revenue of $1.153 billion in the 2025 first quarter, and basic and diluted earnings per share (“EPS”) of $1.16 in the 2026 first quarter, an increase of 36% as compared to EPS of $0.85 per share in the 2025 first quarter.”
Restructurings & Charges

LANDSTAR SYSTEM INC announced a impairment with charges of up to a $5.0 million affecting minority equity investment in Cavnue, LLC.

“the Company determined that it intends to record up to a $5.0 million non-cash impairment charge, or $0.11 per share, in the 2025 third quarter related to the Company’s non-controlling investment in Cavnue”
Restructurings & Charges

LANDSTAR SYSTEM INC announced a impairment with charges of $9.0 million affecting Blue TMS (transportation management system).

“the Company intends to wind-down the Blue TMS and record a $9.0 million non-cash impairment charge, or $0.20 per share in the 2025 third quarter”
Restructurings & Charges

LANDSTAR SYSTEM INC announced a impairment with charges of approximately $13 million to $17 million affecting Landstar Metro, S.A.P.I. de C.V. (Mexican subsidiary).

“the Company expects to record a non-cash impairment charge to goodwill and certain other assets of approximately $13 million to $17 million, or $0.28 to $0.37 per share, in the aggregate during the 2025 third quarter”

Matthew Miller was appointed as Vice President and Chief Safety and Operations Officer at LANDSTAR SYSTEM INC.

“Also on November 15, 2024, the Company announced the promotion of Matthew Miller to Vice President and Chief Safety and Operations Officer of the Company, succeeding Mr. Beacom in that role, effective December 1, 2024.”

Joseph J. Beacom was appointed as President of Landstar System Holdings, Inc. at LANDSTAR SYSTEM INC.

“On November 15, 2024, Landstar System, Inc. (“Landstar” or the “Company”) announced the appointment of Joseph J. Beacom as President of the Company’s subsidiary, Landstar System Holdings, Inc., and each of its agent-based transportation services companies, effective December 1, 2024.”
Shareholder Votes

LANDSTAR SYSTEM INC shareholders approved Advisory vote on executive compensation as disclosed in the Proxy Statement at the 2024-05-07 meeting.

“This proposal received 31,432,273 affirmative votes and 1,385,859 negative votes. There were 61,470 abstentions and 972,692 broker non-votes with respect to this proposal.”
Shareholder Votes

LANDSTAR SYSTEM INC shareholders approved Ratification of appointment of KPMG LLP as independent registered public accounting firm for fiscal year 2024 at the 2024-05-07 meeting.

“This proposal received 33,282,605 affirmative votes and 529,655 negative votes. There were 40,034 abstentions with respect to this proposal.”
Shareholder Votes

LANDSTAR SYSTEM INC shareholders approved Election of six directors to serve until the 2025 Annual Meeting at the 2024-05-07 meeting.

“David G. Bannister 31,293,378 1,537,602 48,622 972,692 James L. Liang 32,431,123 407,695 40,784 972,692 Frank A. Lonegro 32,118,022 713,564 48,016 972,692 Anthony J. Orlando 32,393,841 444,967 40,794 972,692 George P. Scanlon 32,434,995 403,813 40,794 972,692 Teresa L. White 32,432,611 406,311 40,680 972,692”
Earnings Releases

LANDSTAR SYSTEM INC reported first quarter of fiscal 2024 results: revenue $1.171 billion, EPS $1.32.

“- Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) today reported basic and diluted earnings per share (“EPS”) of $1.32 in the 2024 first quarter on revenue of $1.171 billion. Landstar also announced today that its Board of Directors declared a quarterly dividend of $0.33 per share payable on May 24, 2024, to stockholders of record as of the close of”
Earnings Releases

LANDSTAR SYSTEM INC reported the 2023 thirteen-week fourth quarter results: revenue $1.204 billion, EPS $1.62.

“Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) reported basic and diluted earnings per share (“EPS”) of $1.62 in the 2023 thirteen-week fourth quarter on revenue of $1.204 billion.”

Frank A. Lonegro was appointed as President and Chief Executive Officer at LANDSTAR SYSTEM INC.

“Frank A. Lonegro would join the Company as President and Chief Executive Officer and a member of the Company’s board of directors, effective February 2, 2024.”

James B. Gattoni was appointed as Special Advisor to the Chief Executive Officer at LANDSTAR SYSTEM INC.

“Mr. Gattoni will serve as a special advisor to the new Chief Executive Officer”

James B. Gattoni resigned as President and Chief Executive Officer at LANDSTAR SYSTEM INC.

“James (“Jim”) B. Gattoni will resign from his position as President and Chief Executive Officer and a member of the Company’s board of directors, effective February 2, 2024, to retire after a 28 year career with Landstar.”
Earnings Releases

LANDSTAR SYSTEM INC reported third quarter of fiscal 2023 results: revenue $1.289 billion, EPS $1.71.

“Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) reported basic and diluted earnings per share (“EPS”) of $1.71 in the 2023 third quarter on revenue of $1.289 billion.”
Earnings Releases

LANDSTAR SYSTEM INC reported the 2023 second quarter results: revenue $1.374 billion, EPS $1.85. Guidance initiated.

“Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) reported diluted earnings per share (“DEPS”) of $1.85 in the 2023 second quarter on revenue of $1.374 billion.”
Shareholder Votes

LANDSTAR SYSTEM INC shareholders approved Advisory vote on the frequency of the advisory vote on executive compensation at the 2023-05-10 meeting.

“At the meeting, the Stockholders voted to approve an annual advisory vote on executive compensation.”
Shareholder Votes

LANDSTAR SYSTEM INC shareholders approved Advisory vote on the Company's 2022 executive compensation at the 2023-05-10 meeting.

“This proposal received 31,054,801 affirmative votes and 1,719,176 negative votes.”
Shareholder Votes

LANDSTAR SYSTEM INC shareholders approved Declassification Proposal to approve the COI Amendments at the 2023-05-10 meeting.

“At the meeting, the Stockholders voted to approve the Declassification Amendment.”
Shareholder Votes

LANDSTAR SYSTEM INC shareholders approved Ratification of appointment of KPMG LLP as the Company's independent registered public accounting firm for fiscal year 2023 at the 2023-05-10 meeting.

“At the meeting, the Stockholders ratified the appointment of KPMG LLP as the Company's independent registered public accounting firm for fiscal year 2023.”
Shareholder Votes

LANDSTAR SYSTEM INC shareholders approved Election of three Directors whose terms will expire at the 2024 Annual Meeting at the 2023-05-10 meeting.

“At the meeting, David G. Bannister, James L. Liang, and George P. Scanlon were each elected by the Stockholders to serve a new term as a Director on the Board, with such term to expire at the 2024 Annual Meeting.”
Earnings Releases

LANDSTAR SYSTEM INC reported the first quarter of fiscal 2023 results: revenue $1.436 billion, EPS $2.17.

“Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) reported diluted earnings per share (“DEPS”) of $2.17 in the 2023 first quarter on revenue of $1.436 billion.”

Robert S. Brasher changed role as Vice President and Chief Commercial Officer at LANDSTAR SYSTEM INC.

“On February 27, 2023, the Company announced that Robert S. Brasher, Vice President and Chief Commercial Officer of the Company, will step down from his current position effective immediately, to serve as Special Advisor to the Chief Executive Officer of the Company until the anticipated end of his employment with the Company in June 2024.”
Earnings Releases

LANDSTAR SYSTEM INC reported fiscal year 2022 results: revenue approximately $7.4 billion, EPS $11.76.

“Gattoni further stated, “As expected, even with a challenging 2022 fourth quarter, Landstar’s fiscal year financial performance in 2022 was the best in the Company’s history. Revenue in fiscal year 2022 was approximately $7.4 billion, an annual record, and was approximately $900 million higher than the previous record set in 2021. Gross profit and variable contribution in fiscal year 2022 were $788 million and $1.018 billion, respectively, both also representing new annual records. Operating income in fiscal year 2022 was an annual record of $571 million and represented year-over-year growth of 13%. Diluted earnings per share in fiscal year 2022 was an annual record of $11.76, an increase of $1.78, or 18 percent, from our prior fiscal year record of $9.98 in 2021.””
Earnings Releases

LANDSTAR SYSTEM INC reported the 2022 fourteen-week fourth quarter results: revenue $1.675 billion, EPS $2.60.

“Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) reported diluted earnings per share (“DEPS”) of $2.60 in the 2022 fourteen-week fourth quarter on revenue of $1.675 billion.”

James P. Todd was appointed as Vice President and Chief Financial Officer at LANDSTAR SYSTEM INC.

“Also on June 1, 2022, the Company announced the promotion of James P. Todd to Vice President and Chief Financial Officer of the Company, effective July 1, 2022.”

Federico ("Fred") L. Pensotti departed as Vice President and Chief Financial Officer at LANDSTAR SYSTEM INC.

“On June 1, 2022, Landstar System, Inc. (“Landstar” or the “Company”) announced that Federico (“Fred”) L. Pensotti will depart from the Company as Vice President and Chief Financial Officer, effective July 1, 2022, to pursue another professional opportunity.”

James L. Liang was elected as Class III Director at LANDSTAR SYSTEM INC.

“On February 28, 2022, the Board of Directors (the “Board”) of Landstar System, Inc. (the “Company”) elected Teresa L. White as a Class I Director and James L. Liang as a Class III Director, effective as of March 1, 2022.”

Teresa L. White was elected as Class I Director at LANDSTAR SYSTEM INC.

“On February 28, 2022, the Board of Directors (the “Board”) of Landstar System, Inc. (the “Company”) elected Teresa L. White as a Class I Director and James L. Liang as a Class III Director, effective as of March 1, 2022.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.