Hub Group Announces Changes to Board of Directors
Key Highlights
- ➤Four directors appointed to Hub Group (HUBG) board by controlling shareholders
- ➤Three directors removed without cause from Hub Group (HUBG) board
- ➤Hub Group (HUBG) expects delayed filings and restatement process completed in Q4 2026
- ➤Nasdaq delisting hearing scheduled for October 27, 2026, with delisting action stayed
- ➤Hub Group (HUBG) board now consists of seven directors
Expert Statements
David P. Yeager, Chairman and Chief Executive Officer of Hub Group
“We believe that the newly appointed directors will bring valuable perspectives and relevant expertise to the Board’s oversight of the Company’s management, business and ongoing initiatives. They intend to work constructively and collaboratively with the continuing directors to advance the best interests of Hub Group and all of its stakeholders. We will remain focused on our long-term strategy to drive growth, profitability and operating cash flows, as we work to deliver for our shareholders, customers and team members.”
OAK BROOK, Ill., Oct. 02, 2026 (GLOBE NEWSWIRE) -- Hub Group, Inc. (Nasdaq: HUBG) (“Hub Group” or the “Company”) today announced changes to its Board of Directors (the “Board”) following an action by written consent of its controlling shareholders.
On October 1, 2026, shareholders representing a majority of the combined voting power of the Company’s outstanding common stock, consisting of members of the Yeager family and related trusts, acted by written consent to: * Appoint Gregory D. Bunch, Thomas P. Fitzgerald, Thaddeus J. Malik and Thomas M. White to the Board; * Remove Michael Flannery, Peter McNitt and Gary Yablon from the Board without cause; and * Adopt the Company’s Second Amended and Restated Bylaws. These actions took effect upon delivery of the written consent to the Company’s Corporate Secretary, in accordance with Delaware law and the Company’s bylaws. Each newly appointed director will serve until the Company’s next annual meeting of shareholders or until his earlier death, termination, resignation or removal. Following the delivery of the written consent, Mary H. Boosalis, Jenell Ross and Martin P. Slark resigned from the Board, effective October 1, 2026.
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