$26.250
-0.129 (-0.49%)At close
HUBG News
HUBG Events
Hub Group Board Changes, New Members Appointed
Hub Group announced changes to its Board of Directors 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 Bunch, Thomas Fitzgerald, Thaddeus Malik and Thomas 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.
Wells Fargo Views Hub Group Executive Changes Favorably
After Hub Group announced that executive chairman David Yeager is returning to the chairman and CEO role, Wells Fargo said that investors will likely view Yeager's return to the post as well as Patrick O'Donnell joining Hub as a special advisor and CFO-elect "favorably." The firm, which also noted that Hub Group will not meet Nasdaq's September 14 deadline to file audited 2023-25 financials, but is getting another extension," has an Equal Weight rating and $35 price target on the shares.
Hub Group Appoints New CFO, David Yeager Returns as CEO
Hub Group announced that, effective immediately, executive chairman David Yeager is returning to the chairman and CEO role, with Phillip Yeager continuing to serve as president and vice chairman. The company also announced the appointment of Patrick O'Donnell as CFO, effective following the filing of the company's annual report on Form 10-K for the fiscal year ended December 31, 2025. Patrick O'Donnell has joined Hub Group as a special advisor and CFO-elect. Following the completion of the company's previously announced financial restatement process and the issuance of the company's financial statements for fiscal year 2025, O'Donnell will assume the role of CFO. Todd Heeter will continue to serve as interim CFO, leading efforts to complete the financial restatements.
Hub Group Sees FY26 Capital Expenditures of $40M-$50M
Sees FY26 capital expenditures $40M-$50M. David Yeager, Hub Group's chairman and CEO said, "Our finance and accounting team remains highly focused on completing the restatement process and becoming current with our financial reporting obligations. At the same time, our broader organization continues to serve our customers, identify growth opportunities, invest in our business and execute against our long-term strategy."
Hub Group Receives Nasdaq Compliance Notice
Hub Group announced that on August 20, as expected, it received a notice indicating that the company was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of its failure to timely file its Form 10-Q for the quarter ended June 30. The Listing Rule requires Nasdaq-listed companies to timely file all required periodic reports with the SEC. The notice has no immediate effect on the listing or trading of the company's common stock on Nasdaq.
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