SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
The information in Items 7.01 and 9.01 of this Current Report is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in Items 7.01 and 9.01 of this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.
ITEM 5.02. DEPARTURE AND APPOINTMENT OF CERTAIN OFFICERS
On December 2, 2019, management of J.B. Hunt Transport, Inc. finalized succession plans involving the top leadership for J.B. Hunt Transport, Inc.’s Intermodal business unit. Effective April 1, 2020, Terrance D. Matthews will retire from his current duties as executive vice president and president of Intermodal, and Darren Field, currently executive vice president of Intermodal, will succeed Mr. Matthews as executive vice president and president of Intermodal.
ITEM 7.01. REGULATION FD DISCLOSURE
On December 3, 2019, we issued a news release announcing the planned succession of the top leadership for J.B. Hunt Transport, Inc.’s Intermodal business unit. A copy of the news release is attached as Exhibit 99.1 and is incorporated herein by reference.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
| (d) | Exhibits. |
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99.1 |
News release dated December 3, 2019, issued by J.B. Hunt Transport Services, Inc. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL Document) |
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 thereunto duly authorized on the 4th day of December, 2019.
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J.B. HUNT TRANSPORT SERVICES, INC. |
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BY: |
/s/ John N. Roberts, III |
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John N. Roberts, III |
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President and Chief Executive Officer |
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| (Principal Executive Officer) | |||
| BY: | /s/ David G. Mee | ||
| David G. Mee | |||
| Executive Vice President, Finance and | |||
| Administration and Chief Financial Officer | |||
| (Principal Financial Officer) | |||
Exhibit 99.1
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J.B. Hunt Transport Services, Inc. 615 J.B. Hunt Corporate Drive Lowell, Arkansas 72745 |
Contact: |
Joanna Bunten Sr. Director Corporate Marketing (479) 361-7800 Joanna.Bunten@jbhunt.com |
FOR IMMEDIATE RELEASE
J.B. HUNT ANNOUNCES THE PLANNED SUCCESSION OF TOP LEADERSHIP
LOWELL, Ark., December 3, 2019 – J.B. Hunt Transport Services, Inc., (NASDAQ: JBHT) (“JBHT”) announced today the planned succession of the top leadership for J.B. Hunt Transport, Inc.’s Intermodal business unit. Effective April 1, 2020, Terry Matthews will retire from his current duties as executive vice president and president of Intermodal. Darren Field will formally assume this role on that date. This change is part of a methodical process that has been in development for the past several quarters.
“We believe this type of management succession with proper planning and ample time for the team to work together with new members is vital to a smooth and effective transition, as we have set up with Terry and Darren,” said John Roberts, president and CEO of J.B. Hunt.
About J.B. Hunt
J.B. Hunt Transport Services, Inc., a Fortune 500, S&P 500, and NASDAQ-100 company, provides innovative supply chain solutions for a variety of customers throughout North America. Utilizing an integrated, multimodal approach, the company applies technology-driven methods to create the best solution for each customer, adding efficiency, flexibility, and value to their operations. J.B. Hunt services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, final mile, and more. J.B. Hunt Transport Services, Inc. stock trades on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average. J.B. Hunt Transport, Inc. is a wholly owned subsidiary of JBHT. For more information, visit www`.jbhunt.com.
Document And Entity Information |
Dec. 02, 2019 |
|---|---|
| Document Information [Line Items] | |
| Entity Registrant Name | J.B. HUNT TRANSPORT SERVICES, INC. |
| Document Type | 8-K |
| Document Period End Date | Dec. 02, 2019 |
| Entity Incorporation, State or Country Code | AR |
| Entity File Number | 0-11757 |
| Entity Tax Identification Number | 71-0335111 |
| Entity Address, Address Line One | 615 J.B. Hunt Corporate Drive |
| Entity Address, City or Town | Lowell |
| Entity Address, State or Province | AR |
| Entity Address, Postal Zip Code | 72745 |
| City Area Code | (479) |
| Local Phone Number | 820-0000 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Common Stock |
| Trading Symbol | JBHT |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |
| Amendment Flag | false |
| Entity Central Index Key | 0000728535 |