Hub Group

Key facts

Headquarters

Oak Brook, Illinois, United States

Employees

6,400

Industries

Analytics, Artificial Intelligence, Fleet Management

Status

Public (HUBG)

Website

www.hubgroup.com

LinkedIn

Company page

Recent activity at Hub Group

• Oct 02, 2026: HUB Group, Inc. Announces Director Changes
• Oct 01, 2026: SEC 8-K (5.02): On October 1, 2026, Hub Group, Inc. experienced a significant change in its board of directors as the DPY Stockholders and affiliated trusts executed a written consent to remove directors Michael Flannery, Peter McNitt, and Gary Yablon. This action, representing a majority of the combined voting power of the outstanding shares of Class A and Class B common stock, occurred pursuant to Delaware General Corporation Law. The change in directorship may impact the management and strategic direction of the company, given the removal of these individuals who held key governance positions. The implications of this board change and potential new appointments will be monitored closely by stakeholders.
• Sep 16, 2026: SEC 8-K (7.01): On September 16, 2026, Hub Group, Inc. received a Staff Delisting Determination from Nasdaq due to non-compliance with Listing Rule 5250(c)(1), which mandates timely filing of periodic reports. The Company failed to submit its Annual Report on Form 10-K for the year ended December 31, 2025, and its Quarterly Reports on Form 10-Q for the periods ended March 31, 2026, and June 30, 2026, by the deadline of September 14, 2026. This event poses serious implications for Hub Group as it faces potential delisting from the Nasdaq exchange, which could adversely affect its market reputation and access to capital. The determination was given as part of a larger compliance issue, necessitating urgent corrective measures from the Company.
• Sep 15, 2026: SEC 8-K (5.02): On September 13, 2026, David P. Yeager was appointed Chairman and Chief Executive Officer of the Company, effective immediately, succeeding his role as Executive Chairman. He has extensive experience, having previously served as CEO from March 1995 to December 2022. Additionally, Patrick O’Donnell was appointed as Chief Financial Officer and Treasurer, effective following the filing of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025. Mr. O'Donnell's offer indicates a salary of $650,000 and includes significant stock grants, highlighting strategic leadership changes within the Company to drive future performance. The approvals were made with no reported external arrangements involved in the CEO appointment.
• Sep 14, 2026: Hub Group Inc. Appoints David Yeager as CEO and Patrick O'Donnell as CFO
• Aug 24, 2026: SEC 8-K (7.01): On August 24, 2026, Hub Group, Inc. issued a press release announcing its receipt of a Notice from Nasdaq, indicating potential compliance issues with its listing rules. This filing falls under Regulation FD Disclosure, and the information provided details the company's commitment to restore compliance with Nasdaq requirements. The company is also facing challenges related to the restatement of its financial statements, emphasizing its aim to address compliance issues which may affect its financial health and market position. The announcements are indicative of potential strategic implications for the company's operations moving forward.
• Jun 02, 2026: Hub Appoints Todd Heeter as Interim Chief Financial Officer
• Jun 02, 2026: SEC 8-K (5.02): On May 27, 2026, Hub Group, Inc. appointed Todd Heeter as interim Chief Financial Officer and Treasurer, effective May 28, 2026, following the departure of Kevin Beth the same day. The company entered a consulting agreement with The Heeter Group, LLC to provide Mr. Heeter's services, with a monthly fee of $125,000 for an initial six-month term. Additionally, Brian Meents, Executive Vice President and Chief Operating Officer, also departed on May 27, 2026, with no immediate successor appointed. These leadership changes are significant for the company's operational and financial strategy as they adjust to new executive management.
• May 21, 2026: SEC 8-K (7.01): On May 21, 2026, Hub Group, Inc. issued a press release regarding its receipt of a Notice from Nasdaq concerning compliance issues with listing rules. This communication highlights the company's ongoing efforts to regain compliance and outlines potential risks associated with the completion of the previously-announced restatement of its financial statements. The statement underscores the company's future expectations and the uncertainties that may impact its performance, specifically referencing the delays in the financial close process and audit of the consolidated financial statements for the year ended December 31, 2025.
• May 12, 2026: SEC 8-K (4.02): On May 11, 2026, Hub Group, Inc.'s Audit Committee concluded that the previously issued audited consolidated financial statements for the years ended December 31, 2024, and 2023 were materially misstated and should no longer be relied upon. This determination was made following a review that revealed certain transactions were incorrectly recognized or inadequately supported. As a result, the company is assessing the effectiveness of its disclosure controls and procedures, and it suspects that these controls were not effective for the years in question. This could result in significant implications for investors relying on prior financial reports.

Leadership

• Peter McNitt, Director
• Michael Flannery, Director
• Patrick O'Donnell, Chief Financial Officer
• David Yeager, Chief Executive Officer
• Todd Heeter, Treasurer
• Peter Daly, Carrier Sales Support Representative
• William Claesen, Avp, Transportation + Logistics
• Amith Satyanarayan, Full-stack Developer
• Jose Torres, Vice President - Western Region
• Tracey Wehrle, Human Resources Manager
• Gurpreet Sidhu, Vice President Information Technology
• Michael Deraimo, Human Resources Manager

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Employee benefit plans

Hub Group files 2 employee benefit plans with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.

Hub Group in the news

• Hub Group Announces Leadership Changes - GlobeNewswire (May 28, 2026)
• Hub Group Declares Quarterly Dividend - GlobeNewswire (May 21, 2026)
• Hub Group Closes on the Acquisition of Marten Transport Intermodal - Yahoo Finance (Sep 30, 2025)
• Hub Group, Inc. Completes Acquisitions of Marten Transport and SITH, Expanding Intermodal and Final Mile Capabilities - Quiver Quantitative (Sep 30, 2025)
• Hub Group Announces Changes to Board of Directors - GlobeNewswire (Oct 02, 2026)
• Hub Group Declares Quarterly Dividend - GlobeNewswire (Sep 09, 2026)
• Hub Group Provides First Quarter 2026 Business Update - GlobeNewswire (Mar 24, 2026)
• Hub Group Announces Leadership Changes - GlobeNewswire (Sep 14, 2026)

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About Hub Group: questions and answers

Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy