공고 • Jun 30
BFA Law Files a Securities Fraud Class Action Lawsuit Against Hub Group, Inc Bleichmar Fonti & Auld LLP ("BFA") announced it has filed a securities fraud class action against Hub Group, Inc. ("Hub Group" or the "Company") and certain of the Company's senior executives and directors. The class action lawsuit asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Hub Group securities between April 28, 2023 and May 11, 2026, inclusive. The class action is pending in the U.S. District Court for the Northern District of Illinois. It is captioned Lawler v. Hub Group, Inc., No. 26-cv-07596. The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements concerning the premature and incorrect revenue recognition of certain transactions, the understatement of purchased transportation costs and accounts payable, the effectiveness of internal controls, and the Company's drivers of financial results and growth. On February 5, 2026, Hub Group announced that the Company's financial statements for the first three quarters of 2025 should not be relied upon and would be restated due to an error that resulted in the understatement of purchased transportation costs and accounts payable in the first nine months of 2025. The Company revealed that its reports for those quarters were in each case materially misstated due to the aforementioned error and should no longer be relied upon and that the Company was also continuing to assess the effectiveness of its disclosure controls and procedures and internal control over financial reporting and appropriate remediation steps. The Company also estimated that the total amount of the reduction to accounts payable and purchased transportation costs related to this issue that was recorded during these periods is $77 million. This news caused the price of Hub Group stock to decline roughly 18%, from $51.33 per share at close on February 5, 2026, to $41.96 per share at close on February 6, 2026. On May 12, 2026, Hub Group announced that it had identified certain transactions that were prematurely or incorrectly recognized or not adequately supported, causing its 2023 and 2024 annual reports filed with the SEC to be materially misstated, such that they should no longer be relied upon. The Company did not quantify the expected misstatement, although it expected to conclude that it did not maintain effective disclosure controls and procedures and internal control over financial reporting for each of the years ended December 31, 2024 and 2023. This news caused the price of Hub Group stock to decline a further 13%, from $41.86 per share at close on May 11, 2026, to $36.62 per share at close on May 12, 2026. Not later than August 28, 2026, which is the first business day after 60 days from the date of the publication of this notice, any member of the purported class may move the Court to serve as Lead Plaintiff through counsel of their choice, or may choose to do nothing and remain a member of the proposed class. The ability to share in any potential future recovery is not dependent on serving as Lead Plaintiff. 공고 • May 29
Hub Group, Inc. Announces Executive Changes Hub Group, Inc. announced the following changes to its leadership team. Todd Heeter has been appointed Treasurer on an interim basis, effective May 28, 2026. Mr. Heeter brings over 30 years of experience in finance and accounting. He founded The Heeter Group which provides Chief Financial Officer, Chief Accounting Officer, and strategic advisory services to public and private companies. He has served as Chief Financial Officer and in other finance roles on a permanent and consulting basis across a variety of industries including distribution, financial services, healthcare, technology, manufacturing, SaaS, and other industries. Concurrent with Mr. Heeter’s appointment, Kevin Beth has departed from his position as Executive Vice President and Treasurer of the Company. In addition, Brian Meents has departed from his position as Executive Vice President and Chief Operating Officer of the Company. Both Mr. Beth and Mr. Meents will be available to the Company on a consulting basis for a transition period. Mr. Heeter’s appointment as Chief Financial Officer is for an initial term of six months and may be extended at the Company’s election. The Company has initiated a search for a permanent Chief Financial Officer with the assistance of a leading national search firm. At this time, the Chief Operating Officer responsibilities will be absorbed by other senior leaders. 공고 • May 24
Hub Group Receives Expected Deficiency Notice from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q Hub Group, Inc. announced that on May 19, 2026, as expected, it received a notice indicating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the Listing Rule") as a result of its failure to timely file its Form 10-Q for the quarter ended March 31, 2026 (the Form 10-Q"). 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. As previously disclosed, the Nasdaq Stock Market LLC (Nasdaq") has granted a 180-day exception period, or until September 14, 2026, for the Company to regain compliance with the Listing Rule. The Company intends to regain compliance on or prior to such date. Hub Group continues to work diligently to complete the restatements of its financial statements for the years ended December 31, 2024 and 2023 and the quarterly periods ended March 31, 2025, June 30, 2025 and September 30, 2025 and to file its Form 10-K for the year ended December 31, 2025. The Company expects to file the Form 10-Q for the quarter ended March 31, 2026 as soon as practicable after the filing of the Form 10-K. 공고 • May 23
Hub Group, Inc. announces Quarterly dividend, payable on June 17, 2026 Hub Group, Inc. announced Quarterly dividend of USD 0.1250 per share payable on June 17, 2026, ex-date on June 05, 2026 and record date on June 05, 2026. 공고 • May 13
Hub Group, Inc. announced delayed 10-Q filing On 05/12/2026, Hub Group, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공고 • Mar 25
Hub Group, Inc. Announces Receipt of Expected Deficiency Notice from Nasdaq Related to Delayed Filing of Form 10-K On March 19, 2026, Hub Group, Inc. received an expected notice (the Notice) from the listing qualifications staff of The Nasdaq Stock Market LLC (Nasdaq) notifying the Company that, as a result of the Company not having timely filed its 2025 Form 10-K, it no longer complies with Nasdaq Listing Rule 5250(c)(1), which requires companies with securities listed on Nasdaq to timely file all required periodic reports with the SEC. The Notice has no immediate effect on the listing or trading of shares of the Company's Class A common stock on the Nasdaq Global Select Market. In accordance with Nasdaq's listing rules, the Company has 60 calendar days from the date of the Notice, or until May 18, 2026, to submit to Nasdaq a plan to regain compliance with Nasdaq Listing Rule 5250(c)(1). If the Company submits a plan to Nasdaq and Nasdaq accepts the plan, Nasdaq can grant an exception of up to 180 calendar days from the due date of the filing of the 2025 Form 10-K (as extended pursuant to Rule 12b-25 under the Securities Act of 1933, as amended (the Securities Act)), or until September 14, 2026, to regain compliance. The Company intends to regain compliance with Nasdaq's listing rules as soon as practicable. 
