Skip to content
Baker Capital StrategiesMARKETS. FILINGS. PERSPECTIVE.
Powered by THEMA

BAKER CAPITAL STRATEGIES

Get the free weekly BCS email.

Selected company filings and market updates, delivered by email. Your first report will follow soon.

  • Your weekly BCS reportMarket updates and links to filings you can explore.
  • THEMA at launchWe’ll send directions for setting up your filing alerts when THEMA officially opens.

One signup for the weekly email and your free THEMA Basic account at launch.

Already registered or a CSW member?Log in to THEMA →

At least 8 characters. This also creates your free THEMA account for launch.

You’re signing up for the weekly BCS email and THEMA launch/setup updates. Unsubscribe using the link in any email. Privacy policy · Terms

BCS

Current Report · Items 5.02, 7.01, 9.01 · 8-K

Proficient Auto Logistics, Inc.

PALNASDAQEQUITYCurrent

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure

Item Departure 5.02 of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On October 30, 2026, the Board of Directors (the “Board”) of Proficient Auto Logistics, Inc. (the “Company”) increased the size of the Board and appointed Steven Hansen (“Mr.…

Filed Oct 30, 2026Accepted Oct 30, 2026, 4:30 PM EDTCIK 1998768Accession 0001213900-26-114421
Share

Company context

Headquartered in Jacksonville, Florida, Proficient Auto Logistics (NASDAQ: PAL) is the leading specialized freight company focused on providing auto transportation and logistics services. Through the combination of nine industry-leading operating companies, including four since IPO debut May 2024, PAL operates the largest auto transportation fleet in North America, offering a broad range of services primarily focused on transporting finished vehicles from automotive production facilities, marine ports of entry, and regional rail yards to auto dealerships around North America. For more information, visit www.proficientautologistics.com.

Current securities

Recent company filings

  1. Financial Statements and ExhibitsOct 23, 2026
  2. SCHEDULE 13G - filed by ROYCE & ASSOCIATES LP regarding Proficient Auto Logistics, IncOct 23, 2026
  3. SCHEDULE 13G/A - filed by FMR LLC regarding Proficient Auto Logistics, IncOct 7, 2026
  4. Regulation FD DisclosureOct 5, 2026
  5. 4 filingAug 14, 2026

Registered securities in this filing

Proficient Auto Logistics, Inc. · 8-K · Filed 2026-10-30

As filed in this accession. Current/historical status below comes from the governed listing record; the cover itself remains exact to this filing.

Common Stock, $0.01 par value per share

Symbol
PAL
Exchange
NASDAQ
Classification
COMMON
Status
Current
Filing context

Context: AsOf2026-10-30

Dimensions: Not supplied

Accession 000121390026114421 · 1 registered-security cover member

Read the exact SEC filing ↗

Disclosure sections

Items 5.02, 7.01, 9.01

Select an item to read the extracted section. The as-filed document remains the primary evidence.

Item 5.02Item 5.02 - Departure/Election of Directors
Item Departure 5.02 of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On October 30, 2026, the Board of Directors (the “Board”) of Proficient Auto Logistics, Inc. (the “Company”) increased the size of the Board and appointed Steven Hansen (“Mr. Hansen”) to serve as a member of the Board, effective immediately, until the Company’s annual meeting of stockholders to be held in 2027. Mr. Hansen is a co-founder of Hansen & Adkins, Inc. (“H&A”), a finished-vehicle logistics and automobile transportation company, which was acquired by the Company in August 2026. Mr. Hansen served in various roles with H&A and its subsidiaries since he co-founded H&A in 1994. Mr. Hansen is a founding member and founding chairman of the Auto Haulers Association of America and currently serves on its board of directors. His experience includes automobile transportation operations, fleet maintenance, risk management, finance, personnel management, insurance, and U.S. Department of Transportation regulations. Mr. Hansen earned a Bachelor of Science in Public Administration from the University of Southern California. We believe that Mr. Hansen’s long and extensive experience in the auto hauling business qualifies him to serve as a director of the Company. Pursuant to an employment agreement, dated August 14, 2026 (the “Employment Agreement”), Mr. Hansen agreed to provide advisory services to the Company from August 14, 2026 through December 31, 2026. The Employment Agreement provides for compensation at a prorated annual rate of $250,000 and includes medical and dental insurance benefits. The foregoing description of the Employment Agreement is not complete and is qualified in its entirety by reference to the full text of the Employment Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K. There are currently no arrangements or understandings between Mr. Hansen and any person pursuant to which Mr. Hansen was selected as a director. On August 14, 2026, the Company entered into (i) three lease arrangements with 3611 Farquhar Investments, LLC (the “Farquhar Leases”), and (ii) one lease arrangement with 480 Dick Buchanan Street, LLC (the “Buchanan Lease”). Each lease has an initial term commencing on August 13, 2026 and expiring December 31, 2027. Each lease provides the Company, as lessee, with five options to extend the term for two years each. The leases contain specified termination rights relating to, among other things, tenant defaults, casualty, condemnation, hazardous-substance conditions and certain required capital expenditures, subject to their applicable notice, cure and other conditions. Mr. Hansen owns a 50% equity interest in each of these lessors. The aggregate annual value of the leases with 3611 Farquhar Investments, LLC is approximately $1,200,000 and the aggregate annual value of the lease with 480 Dick Buchanan Street, LLC is approximately $180,000. The foregoing descriptions of the Farquhar Leases and the Buchanan Lease are not complete and are qualified in their entirety by reference to the full text of the lease agreements, which are filed as Exhibits 10.2, 10.3, 10.4, and 10.5 to this Current Report on Form 8-K. As set forth in the Company’s Current Reports on Form 8-K filed with the Securities and Exchange Commission on August 10, 2026 and August 14, 2026, Proficient Services, Inc., a wholly owned subsidiary of the Company, acquired Hansen & Adkins Auto Transport, LLC and certain affiliated entities, pursuant to that certain Equity Purchase Agreement, dated August 10, 2026 (the “Purchase Agreement”). Pursuant to the terms of the Purchase Agreement, the Company paid an upfront purchase price of approximately $130 million, including assumed debt of approximately $75 million. Of the approximately $55 million remaining, 421,354 shares of common stock of the Company were issued to Mr. Hansen and approximately $52 million was paid in cash (subject to customary post-closing adjustments set forth in the Purchase Agreement). The terms of the Purchase Agreement also provide for potential earnout payments of up to approximately $22.1 million, of which $2 million would be payable in shares of common stock to Mr. Hansen with the remainder payable in cash. Other than the Farquhar Leases, the Buchanan Lease and the Purchase Agreement, there are no current or proposed transactions in which Mr. Hansen has or will have a direct or indirect material interest and in which the Company is or will be a participant that require disclosure pursuant to Item 404(a) of Regulation S-K. In light of the various agreements between the Company and Mr. Hansen, the Board has determined that Mr. Hansen is not independent under the applicable rules of The Nasdaq Stock Market LLC. Accordingly, Mr. Hansen is not expected to be appointed to serve on any committees of the Board. Mr. Hansen has also agreed to waive all compensation payable by the Company in connection with his service on the Board. The Company and Mr. Hansen entered into the Company’s standard indemnification agreement, the form of which is incorporated by reference as Exhibit 10.1 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure On October 30, 2026, the Company issued a press release announcing the appointment of Mr. Hansen to the Board. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. Exhibit 99.1 is being furnished to the Securities and Exchange Commission and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Filed exhibits (1)
EX-99.1 (by filename) ea031002801ex99-1.htm

Exhibit 99.1 PROFICIENT AUTO LOGISTICS APPOINTS STEVEN HANSEN TO BOARD OF DIRECTORS Automobile And Transportation Veteran To Support Continued H&A Integration And Additional Opportunities For Growth JACKSONVILLE, FLORIDA - October 30, 2026 - Proficient Auto Logistics, Inc. (NASDAQ: PAL) (the “Company” or “Proficient”) today announced the appointment of Steven Hansen to its Board of Directors (the “Board”), effective immediately. Mr. Hansen co-founded Hansen & Adkins, Inc. (“H&A”), a finished-vehicle logistics and automobile transportation company acquired by Proficient in August 2026. “Steve brings more than 30 years of experience in the automobile transportation industry, having built Hansen & Adkins into a respected finished-vehicle logistics company,” said Rick O’Dell, Proficient’s Chief Executive Officer. “He has deep expertise across operations and fleet maintenance, as well as a strong understanding of what it takes to serve automotive customers reliably at scale. Steve’s experience will be particularly valuable as we continue successfully integrating H&A, strengthening our operations, and pursuing additional opportunities for growth. We look forward to his contributions…

Open exhibit ↗

Privacy choices

BCS measures page use with Google Analytics using regional consent settings. You can change your preference here. Charts and market data remain available.

Essential functions — always available. Security, navigation, registration and remembering these choices.

Audience analytics

Analytics cookies are off by default for visitors Google identifies in the EEA, UK or Switzerland until allowed. Limited measurement without analytics cookies may still occur under those regional defaults.

TradingView charts, quotes and the economic calendar load automatically as page content. TradingView receives network and browser information and may collect its own usage analytics. This choice controls BCS’s Google Analytics only.

Google advertising is not enabled. Direct sponsor links do not load advertising trackers on BCS.

Turning analytics off stops future Google Analytics activity here. It does not erase information already received by the provider. Read the privacy policy.