Hub Group Press Release March 2007
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT PURSUANT
TO
SECTION 13 OR 15(D) OF THE
SECURITIES
AND EXCHANGE ACT OF 1934
Date
of
Report (Date of Earliest Event Reported) March 16, 2007
HUB
GROUP, INC.
(Exact
name of registrant as specified in its charter)
DELAWARE
(State
or
Other Jurisdiction of Incorporation)
0-27754
|
36-4007085
|
(Commission
File Number)
|
(I.R.S.
Employer Identification No.)
|
Downers
Grove, Illinois 60515
(Address
and zip code of principal executive offices)
(630)
271-3600
(Registrant’s
telephone number, including area code)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant any of the following
provisions:
[
] Written communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
[
] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[
] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[
] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item
5.02. Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
On
March
20, 2007, Hub Group, Inc. issued a press release announcing that on March 16,
2007, Thomas White, Hub Group’s Senior Vice President, Chief Financial Officer
and Treasurer, resigned his employment with Hub Group. A copy of the press
release is attached as Exhibit 99.1 to this Current Report on Form 8-K and
is
incorporated herein by reference. Mr. White will continue to be paid his base
salary through the earlier of the date he takes another position or August
30,
2007.
On
March
16, 2007, Terri A. Pizzuto, age 48, was appointed Executive Vice President,
Chief Financial Officer and Treasurer. Ms. Pizzuto has been Hub Group’s Vice
President of Finance since July 2002. Prior to joining Hub Group, Ms. Pizzuto
was a partner in the Assurance and Business Advisory Group at Arthur Andersen
LLP. Ms. Pizzuto worked for Arthur Andersen LLP for 22 years holding various
positions and serving numerous transportation and distribution companies. Ms.
Pizzuto received a Bachelor of Science in Accounting from the University of
Illinois in 1981 and she is a CPA.
Ms.
Pizzuto’s base salary in her new position will be $300,000 with a target bonus
of $181,800.
9.01. Financial
Statements and Exhibits.
(d) Exhibits
99.1 Press
Release issued March 20, 2007
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
;
|
HUB
GROUP, INC. |
|
|
|
|
DATE:
March 20, 2007
|
By
/s/
David
P. Yeager
|
|
David
P. Yeager
|
|
Chief
Executive Officer and Vice Chairman
|
|
|
|
|
EXHIBIT
INDEX
Exhibit
No.
99.1
|
|
Press
Release dated March 20, 2007.
|
March 2007 Press Release Detail
Exhibit
99.1
Hub
Group, Inc. Announces Resignation and Appointment of New Chief Financial
Officer
DOWNERS
GROVE, IL, March 20, 2007, -- Hub Group, Inc. (NASDAQ: HUBG) announced today
that Thomas M. White, the Company’s Senior Vice President, Chief Financial
Officer and Treasurer, has resigned effective March 16, 2007 to pursue other
opportunities. Commenting on the departure, David P. Yeager, Hub’s Chief
Executive Officer stated, “Tom took over as Hub’s Chief Financial Officer in
2002 and played an important role in helping the Company reduce its costs and
improve its financial performance. Tom also led the Company in building a strong
finance organization. While you never like to lose a valuable team member,
we
are fortunate to have an excellent replacement, to be in a sound financial
position and to have the business starting the new year off well. We wish Tom
continued success in his career.”
Hub
also
announced today that Terri A. Pizzuto, currently the Company’s Vice President of
Finance, has been promoted to Executive Vice President, Chief Financial Officer
and Treasurer effective immediately. Ms. Pizzuto joined Hub in 2002 and, prior
to joining Hub, was a partner in the Assurance and Business Advisory Group
at
Arthur Andersen LLP. David Yeager stated, “Terri has been a key member of our
management team and strong leader in our finance organization for the last
five
years. She has worked closely with Tom in managing the finance organization
and
we are pleased to have such a talented individual available to fill this
position. Terri has extensive experience and a thorough knowledge of Hub Group
which uniquely enables her to immediately fill this important role. I look
forward to working with her as we continue to move Hub Group
forward.”
ABOUT
HUB
GROUP: Hub Group, Inc. is a leading asset light freight transportation
management company providing comprehensive intermodal, truck brokerage and
logistics services. The Company operates through a network of over 30 offices
throughout the United States, Canada and Mexico.
CERTAIN
FORWARD-LOOKING STATEMENTS: Statements in this press release that are not
historical, including statements about Hub Group's or management's earnings
guidance, intentions, beliefs, expectations, representations, projections,
plans
or predictions of the future, are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements are inherently uncertain and subject to risks. Such statements should
be viewed with caution. Actual results or experience could differ materially
from the forward-looking statements as a result of many factors. Factors that
could cause actual results to differ materially include the factors listed
from
time to time in Hub Group's SEC reports including, but not limited to, the
annual report on Form 10-K for the year ended December 31, 2006. Hub Group
assumes no liability to update any such forward-looking statements.
SOURCE:
HUB GROUP, INC.
CONTACT:
Amy Lisek of Hub Group, Inc., +1-630-795-2214