UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported) September 16, 2015
HUB GROUP, INC.
(Exact name of registrant as specified in its charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
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0-27754 |
36-4007085 |
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(Commission File Number) |
(I.R.S. Employer Identification No.) |
2000 Clearwater Drive
Oak Brook, Illinois 60523
(Address, including zip code, of principal executive offices)
(630) 271-3600
(Registrant’s telephone number, including area code)
NOT APPLICABLE
(Former Name or Former Address, If Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant any of the following provisions:
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o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
ITEM 5.02 APPOINTMENT OF CERTAIN OFFICERS
On September 16, 2015, Donald G. Maltby was appointed to the position of President and Chief Operating Officer of Hub Group, Inc., a Delaware corporation (the "Company"), effective immediately.
Mr. Maltby, age 60, was Chief Strategy Officer of the Company from May 2014 until January 2015. Previously he served as Chief Supply Chain Officer from January 2011 to May 2014. From February 2004 to December 2010, Mr. Maltby served as Executive Vice President-Logistics Services, and from February 2000 through January 2004, he served as President of Hub Online, the Company’s e-commerce division. Mr. Maltby also served as President of Hub Cleveland from July 1990 through January 2000 and from April 2002 to January 2004. Prior to joining Hub Group, Mr. Maltby served as President of Lyons Transportation, a wholly owned subsidiary of Sherwin Williams Company, from 1988 to 1990. In his career at Sherwin Williams, which began in 1981 and continued until he joined the Company in 1990, Mr. Maltby held a variety of management positions including Vice-President of Marketing and Sales for their Transportation Division. Mr. Maltby has been in the transportation and logistics industry since 1976, holding various executive and management positions. Mr. Maltby received a Masters in Business Administration from Baldwin Wallace College in 1982 and a Bachelor of Science degree from the State University of New York in 1976.
Beginning in January 2015, Mr. Maltby provided consulting services to the Board of Directors of the Company. Mr. Maltby received $187,500 in compensation from the Company for these services and this consulting agreement was terminated upon his appointment as President and Chief Operating Officer. Mr. Maltby’s base salary as President and Chief Operating Officer will be $535,000 with a target bonus of 70% of base salary.
There are no arrangements or understandings between Mr. Maltby and any other person pursuant to which Mr. Maltby was appointed as an officer of the Company. Mr. Maltby is not related to any other executive officer or director of the Company.
The press release is furnished as Exhibit 99.1 to this Form 8-K.
Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS
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(a) Not Applicable. |
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(b) Not Applicable. |
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(c) Not Applicable. |
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(d) A list of exhibits filed herewith is contained on the Exhibit |
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Index which immediately precedes such exhibits and is |
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incorporated herein by reference. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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HUB GROUP, INC. |
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DATE: September 16, 2015 |
/s/ Terri A. Pizzuto |
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By: Terri A. Pizzuto |
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Title: Executive Vice President, Chief Financial Officer |
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and Treasurer |
EXHIBIT INDEX
Exhibit No.
99.1 Press release, issued on September 16, 2015, announcing the appointment of directors and certain officers.
EX. 99.1
Hub Group Appoints Donald G. Maltby President and Chief Operating Officer
OAK BROOK, IL, September 16, 2015 – Hub Group, Inc. (NASDAQ: HUBG) announced that Donald G. Maltby has been appointed President and Chief Operating Officer, effective today. Mr. Maltby replaces Mark A. Yeager, who resigned on August 8, 2015.
David P. Yeager, Hub's Chairman and Chief Executive Officer, stated, “I am very pleased that Don has chosen to take on the role of President and Chief Operating Officer. He is a hard worker and a strategic thinker with deep knowledge of the logistics industry as well as Hub’s business and culture. I look forward to working with him to drive our company forward.”
Mr. Maltby has been providing consulting services to Hub’s Board of Directors since January 2015. He was Chief Strategy Officer for Hub from May 2014 until January 2015. Previously, Mr. Maltby served as Chief Supply Chain Officer from January 2011 until May 2014. Mr. Maltby has held several other positions at Hub since joining the company in 1990, including Executive Vice President-Logistics Services, President of Hub Online, the company’s e-commerce division, and President of Hub Cleveland. Prior to joining Hub, Mr. Maltby served as President of Lyons Transportation, a wholly owned subsidiary of Sherwin Williams Company. In his career at Sherwin Williams from 1981 to 1990, Mr. Maltby held a variety of management positions including Vice-President of Marketing and Sales for the Transportation Division. Mr. Maltby has been in the transportation and logistics industry since 1976, holding various executive and management positions. Mr. Maltby received a Masters in Business Administration from Baldwin Wallace College in 1982 and a Bachelor of Science degree from the State University of New York in 1976.
About Hub Group
Hub Group is a transportation management company providing intermodal, truck brokerage and logistics services throughout North America. A top 50 publicly-traded company in the Chicago area, Hub Group, which has over 2,500 employees and $3.6 billion in revenue, focuses on solutions that offer customers better control of their supply chain while also controlling their costs. For more information, visit www.hubgroup.com.
SOURCE: Hub Group, Inc.
CONTACT: Maralee Volchko of Hub Group, Inc., +1-630-271-3745