XPO LOGISTICS, INC. (NYSE:XPO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Election of Directors
On September19, 2017, the Board of Directors of XPO Logistics, Inc. (the “Company” or “XPO”) elected AnnaMaria DeSalva as a member of the Company’s Board of Directors, effective immediately. Ms.DeSalva is global chief communications officer for DuPont, where she is responsible for corporate brand strategy and stakeholder communications. to the Company’s bylaws, Ms.DeSalva will serve as a director for an initial term until the Company’s 2018 annual meeting of stockholders.
As a non-employee director, Ms.DeSalva will be entitled to receive an annual cash retainer (currently $75,000) and an annual restricted stock unit (“RSU”) grant (currently $175,000 in value), which will be granted on the first business day of each calendar year and will vest on the first anniversary of the grant date. The number of RSUs granted will be determined by dividing $175,000 by the average of the closing price of the Company’s common stock on the 10 trading days immediately preceding the grant date. In addition, in connection with her appointment to the Company’s Board of Directors, Ms. DeSalva received a one-time grant of 810 RSUs that shall vest on January 3, 2018, subject to Ms. DeSalva’s continued service as a director of the Company.
Item 5.02.Other Events.
On September20, 2017, the Company issued a press release announcing the election of Ms.DeSalva to the Board of Directors. The press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.
Item 5.02.Financial Statements and Exhibits.
XPO Logistics, Inc. ExhibitEX-99.1 2 d452284dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 XPO Logistics Names AnnaMaria DeSalva to Board of Directors GREENWICH,…To view the full exhibit click here
About XPO LOGISTICS, INC. (NYSE:XPO)
XPO Logistics, Inc. is a transportation and logistics company. The Company provides supply chain solutions. The Company operates in two segments: Transportation and Logistics. In the Transportation segment, it provides multiple services to facilitate the movement of raw materials, parts and finished goods. Its transportation services include freight brokerage, last mile, expedite, intermodal, less-than-truckload (LTL), full truckload and global forwarding services. Freight brokerage, last mile, expedite and global forwarding are all non-asset or asset-light businesses. LTL and full truckload are asset-based. In Logistics segment, it provides a range of contract logistics services, including highly engineered and customized solutions, e-commerce fulfillment and reverse logistics, as well as warehousing and distribution solutions, such as factory support, aftermarket support, integrated manufacturing, packaging, labeling, distribution and transportation.
