Hub Group Delays Filing of 10-Q Form
Hub Group announced that it has filed a Notification of Late Filing on Form 12b-25 with the U.S. SEC and will be delayed in filing its Form 10-Q for the quarter ended March 31, 2026. As previously disclosed, the company was unable to timely file its Form 10-K for the year ended December 31, 2025. The delay in filing the Form 10-K has resulted in a corresponding delay in the preparation and completion of the Form 10-Q for the quarter ended March 31, 2026. The company has also determined that it will restate its financial statements as of and for each of the years ended December 31, 2024 and 2023. This determination follows a review, conducted under the direction of the Audit Committee of the Board of Directors, that identified certain transactions that were prematurely or incorrectly recognized or not adequately supported within those financial statements. There is no expected impact on total cash and cash equivalents or operating cash flow for any periods. As previously announced, the company plans to restate its financial statements for the first, second and third quarters of 2025. Investors should no longer rely on the company's previously issued financial statements for these periods. Hub Group is working diligently to complete the financial statement restatements for the impacted periods 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. The Nasdaq Stock Market LLC has granted a 180-day exception period, or until September 14, 2026, for the company to regain compliance with Nasdaq Listing Rule 5250(c)(1), which requires all listed companies to timely file all required periodic reports with the SEC. The company intends to regain compliance on or prior to such date.
