Management ChangeJun 26, 2026, 04:37 PM
Hub Group Details Separation Agreement with Former CFO Kevin Beth
AI Summary
Hub Group, Inc. filed an amendment to its previous 8-K, providing details on the separation agreement with former Chief Financial Officer Kevin Beth. Mr. Beth, who departed on May 27, 2026, will provide transition services for six months, receiving monthly cash compensation of $45,688 and COBRA benefits, with unvested restricted stock continuing to vest. Following the transition, he will receive severance benefits including a lump sum cash payment equal to three months of his base salary, additional COBRA benefits, pro-rata vesting of remaining restricted stock, outplacement services, and an executive physical.
Key Highlights
- Former CFO Kevin Beth departed Hub Group on May 27, 2026.
- Todd Heeter was appointed interim CFO and Treasurer effective May 28, 2026.
- Separation Agreement signed June 24, 2026, for transition services.
- Mr. Beth to provide 6 months of advisory transition services.
- During transition, Mr. Beth receives $45,688 monthly cash and COBRA benefits.
- Unvested restricted stock awards continue to vest during transition period.
- Severance includes 3 months base salary, 6 months COBRA, pro-rata RSU vesting.
- Severance also includes outplacement services and an executive physical.
Price Impact
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