Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
The. | May 19, 2023
XPO s Board of Directors approved the spin-off, which will create two separate companies a truckload freight broker (RXO) and an LTL trucking company (XPO). Also: Great Dane recalls trailers; Geodis expands in U.S. with new acquisition.
XPO Logistics, Inc. (NYSE: XPO) today announced that its board of directors has approved the previously announced separation of its tech-enabled brokered transportation platform through the distribution of all of the outstanding shares of common stock of its wholly owned subsidiary, RXO, Inc., to holders of XPO common stock.
Announces New Board of Directors for XPO Post-Spin-Off Record date for the distribution of RXO shares will be October 20, 2022 “When-Issued” trading expected to begin on or. | October 10, 2022