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AI brief of an SEC Form 8-K · Knight-Swift (KNX)

Knight-Swift Chairman Kevin Knight Retires; Vander Ploeg Named Board Chair

Neutral Impact 4 of 5 leadership Written later

Kevin Knight resigned as Executive Chairman and director effective June 3, 2026, and the Board appointed Lead Independent Director David Vander Ploeg as Chair. Under a retirement and consulting agreement, Knight will provide consulting services for 24 months for a fee of $20.25 million, and he forfeits all unvested equity awards. The filing says his resignation was not the result of any disagreement with the company.

Key points

  • Kevin Knight resigned as Executive Chairman and Board member effective June 3, 2026; the filing states no disagreement with the company on operations, policies or practices.
  • David Vander Ploeg, Lead Independent Director since May 2023, was appointed Chair of the Board effective upon Knight's resignation.
  • Knight's consulting agreement, dated June 4, 2026, provides a $20.25 million fee: $10.125 million payable June 12, 2026, and $10.125 million in monthly installments over 24 months.
  • Knight forfeits all unvested equity awards as of the effective date and agreed to non-solicitation, non-competition and confidentiality terms.

The filing

CompanyKnight-Swift (KNX)
Form8-K, current report
Filed with the SECJun 4, 2026, 4:34 PM ET
Accession number0001492691-26-000051

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 04, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.