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AI brief of an SEC Form 8-K · Landstar System (LSTR)

Landstar names Joseph Beacom president of agent-based units; Matthew Miller promoted

Neutral Impact 3 of 5 leadership Written later

Landstar announced that Joseph Beacom, its Vice President and Chief Safety and Operations Officer, will become President of Landstar System Holdings, Inc. and its agent-based transportation services companies effective December 1, 2024. Matthew Miller, an Executive Vice President at a Landstar subsidiary, was promoted to succeed Beacom in his former role on the same date. The filing lists salary and bonus terms for both executives, which are routine management changes with no financial results reported.

Key points

  • Joseph Beacom becomes President of Landstar System Holdings, Inc. effective December 1, 2024, with base salary rising to $400,000 and a threshold target bonus of 80% of salary.
  • Beacom stays in the President role through the end of 2025, then becomes Special Advisor to the CEO until March 1, 2026, with no bonus for fiscal 2026.
  • Matthew Miller is promoted to Vice President and Chief Safety and Operations Officer effective December 1, 2024, with base salary rising to $300,000 and a threshold target bonus of 50% of salary.
  • Beacom's Key Executive Employment Protection Agreement will terminate December 28, 2025, and he receives no new equity grants after November 15, 2024.

The filing

CompanyLandstar System (LSTR)
Form8-K, current report
Filed with the SECNov 15, 2024, 4:39 PM ET
Accession number0001193125-24-259871

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:00 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 November 15, 2024.

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.