Oct 2, 9:00 AM ET
On October 1, 2026, holders of a majority of Hub Group's voting power, including Yeager family trusts, acted by written consent to remove three directors, appoint four new directors, and adopt Second Amended and Restated Bylaws. Three other directors resigned the same day, and the company says David P. Yeager remains Chairman and CEO. The changes come while Hub Group works to complete a restatement and file delayed periodic reports and faces a Nasdaq delisting process with a hearing set for October 27, 2026.
- Michael Flannery, Peter McNitt, and Gary Yablon were removed as directors without cause, effective October 1, 2026.
- Gregory D. Bunch, Thomas P. Fitzgerald, Thaddeus J. Malik, and Thomas M. White were appointed as directors, effective October 1, 2026.
- Mary H. Boosalis, Jenell Ross, and Martin P. Slark resigned from the Board, effective October 1, 2026.
- Nasdaq issued a Staff Delisting Determination on September 16, 2026; the company has appealed, and the Nasdaq Hearings Panel hearing is scheduled for October 27, 2026, with the delisting stayed pending the outcome.
Read the filing on SEC.gov ↗
Sep 17, 4:35 PM ET
Hub Group said Nasdaq issued a Staff Delisting Determination on September 16, 2026, because the company has not filed its 2025 Form 10-K or its Forms 10-Q for the quarters ended March 31 and June 30, 2026. The company intends to appeal to a Nasdaq Hearings Panel and to seek an extended stay, but the filing says there is no assurance the stay will be granted, and the determination could lead to trading suspension.
- Nasdaq issued the Staff Determination on September 16, 2026, after the filing deadline of September 14, 2026, the last day of a 180-day extension.
- The determination has no immediate effect on trading, but a hearing request must be made by September 23, 2026.
- A hearing request automatically stays suspension for 15 days; if the Hearings Panel does not grant a further stay, Class A common stock would be suspended at the end of that period.
- Hearings are typically scheduled about 30 to 45 days after the hearing request.
Read the filing on SEC.gov ↗
Sep 15, 6:02 AM ET
Hub Group filed preliminary, unaudited first and second quarter 2026 results and said it expects an operating loss for the first half of 2026 before one-time charges, while revenue is expected to be $1.70 billion to $1.80 billion. The company also said it expects to receive a Nasdaq Staff Delisting Determination, and it plans to request a hearing, because its restated financial statements and delayed 10-K and 10-Q filings are not yet complete, which matters to shareholders because the outcome could affect whether the Class A stock keeps trading on Nasdaq.
- Company expects an operating loss for the first half of 2026 before one-time charges; it did not provide an operating income or loss range.
- Full-year 2026 consolidated operating revenue is estimated at $3.6 billion to $3.8 billion.
- Nasdaq exception to file delayed reports ran through September 14, 2026; the company expects to complete the filings in the fourth quarter of 2026.
- David Yeager returned as Chairman and CEO; Patrick O'Donnell will become CFO after the 2025 Form 10-K is filed.
Read the filing on SEC.gov ↗
Aug 24, 4:35 PM ET
Hub Group received a Nasdaq notice on August 20, 2026 that it is not in compliance with Listing Rule 5250(c)(1) because it has not timely filed its quarterly report for the quarter ended June 30, 2026. The notice has no immediate effect on the listing or trading of the Class A common stock, but the company must submit an updated plan to regain compliance by August 27, 2026, and any further exception is capped at September 14, 2026.
- Nasdaq notice dated August 20, 2026 cites late Form 10-Q for the quarter ended June 30, 2026 under Listing Rule 5250(c)(1)
- Company must submit an updated compliance plan to Nasdaq by August 27, 2026
- Delinquent 2025 Form 10-K and Q1 2026 Form 10-Q have an exception deadline of September 14, 2026
- Notice has no immediate effect on listing or trading on the Nasdaq Global Select Market
Read the filing on SEC.gov ↗
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