Universal Logistics Holdings, Inc. (NASDAQ:ULH) Files An 8-K Results of Operations and Financial Condition

Universal Logistics Holdings, Inc. (NASDAQ:ULH) Files An 8-K Results of Operations and Financial Condition

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Item 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On February 23, 2017, Universal Logistics Holdings, Inc. (the
Company) issued a press release announcing the Company’s
financial and operating results for the thirteen weeks and year
ended December 31, 2016, a copy of which is furnished as Exhibit
99.1 to this Form 8-K.

Item 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY
ARRANGEMENTS OF CERTAIN OFFICERS.

(e) On February 22, 2017, the Company entered into a restricted
stock bonus award agreement (the Agreement) with Jeff Rogers, the
chief executive officer of the Company. Under the Agreement and
the Companys 2014 Amended and Restated Stock Incentive Plan, the
Company awarded Mr. Rogers 10,000 shares of common stock. The
Agreement provides that 2,500 shares vest on the date of the
grant, and the remaining restricted shares are scheduled to vest
in three equal increments of 2,500 shares on March 5 in 2018,
2019 and 2020, subject to Mr. Rogers continued employment with
the Company through such dates.

The foregoing summary of the Agreement is qualified in its
entirety by reference to the actual Agreement, which is filed as
Exhibit 10.1 to this Form 8-K.

Item 8.01 OTHER EVENTS.

On February 23, 2017, the Company issued a press release
announcing that the Companys Board of Directors declared a
quarterly cash dividend of $0.07 per share of common stock. The
dividend is payable to the Company’s shareholders of record at
the close of business on March 6, 2017, and is expected to be
paid on March 16, 2017. A copy of the press release is furnished
as Exhibit 99.1 to this Form 8-K.

Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits.

Exhibit No.

Description

10.1

Restricted Stock Bonus Award Agreement dated February 22,
2017 between Universal Logistics Holdings, Inc. and Jeff
Rogers.

99.1

Press Release dated February 23, 2017.


About Universal Logistics Holdings, Inc. (NASDAQ:ULH)

Universal Logistics Holdings, Inc., formerly Universal Truckload Services, Inc., is an asset-light provider of transportation and logistics solutions across the United States, Mexico, Canada and Colombia. The Company operates through two segments: the transportation segment and the logistics segment. The Company’s operations aggregated in the transportation segment are associated with individual freight shipments coordinated by its agents, company-managed terminals and specialized services operations. The Company’s operations aggregated in the logistics segment delivers value-added services and transportation services to specific customers, pursuant to contract terms of approximately one year or longer. Other operating segments consist of the Company’s subsidiaries that provide support services to other subsidiaries and to owner-operators, including shop maintenance and equipment leasing. The Company owns approximately 20 terminal yards and other properties.

Universal Logistics Holdings, Inc. (NASDAQ:ULH) Recent Trading Information

Universal Logistics Holdings, Inc. (NASDAQ:ULH) closed its last trading session up +0.15 at 13.60 with 12,278 shares trading hands.

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