Recent Updates — HUBG
On October 1, 2026, controlling shareholders of Hub Group, Inc., known as the DPY Stockholders, executed a written consent to remove directors Michael Flannery, Peter McNitt, and Gary Yablon without cause. The consent simultaneously appointed Gregory D. Bunch, Thomas P. Fitzgerald, Thaddeus J. Malik, and Thomas M. White to the Board of Directors and adopted the Second Amended and Restated Bylaws. Following these actions, Mary H. Boosalis, Jenell Ross, and Martin P. Slark resigned from the Board effective October 1, 2026. The Board now consists of seven directors, with David P. Yeager remaining Chairman and CEO. Hub Group operates in the transportation and logistics industry.
Hub Group, Inc. received a Staff Delisting Determination from Nasdaq on September 16, 2026, for failing to file its 2025 Form 10-K and 2026 Forms 10-Q by the September 14 deadline. The company intends to appeal by requesting a hearing before the Nasdaq Hearings Panel no later than September 23, 2026. This request will automatically stay any suspension of trading for 15 days from the filing date, and Hub Group seeks an extended stay pending the hearing outcome. Hub Group operates in the transportation and logistics industry.
Hub Group appointed David Yeager as Chairman and CEO effective September 13, 2026, while naming Patrick O’Donnell CFO-Elect to assume the role after the 2025 Form 10-K filing. The company announced preliminary H1 2026 revenue of $1.70–$1.80 billion and an operating loss, driven by higher fuel costs and restatement expenses. Hub Group amended its credit agreement to extend financial statement deadlines to November 30, 2026, adding restatement-related EBITDA add-backs. The company expects a Nasdaq delisting determination due to delayed filings but plans to appeal. Full-year 2026 revenue is guided at $3.6–$3.8 billion. Hub Group provides comprehensive transportation and logistics management solutions.
Hub Group, Inc. entered into a separation agreement with former CFO Kevin Beth following his departure on May 27, 2026. Under the agreement, Mr. Beth will provide advisory transition services for six months at a monthly rate of $45,688 plus COBRA benefits, and will receive a lump sum severance package including three months of base salary and pro-rata vesting of unvested restricted stock awards upon completion of the transition period. Hub Group, Inc. is a provider of intermodal transportation and logistics services.