Welcome to our dedicated page for Forward Air SEC filings (Ticker: FWRD), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Forward Air Corporation filings document financial results, governance actions, and proxy matters for a Delaware transportation and logistics company. Form 8-K reports furnish quarterly and annual operating results, earnings presentations, segment commentary for Expedited Freight and Omni Logistics, liquidity disclosures, and material governance events such as director changes and executive appointments.
Proxy materials describe annual meeting proposals, board elections, advisory executive compensation votes, auditor ratification, incentive compensation plan amendments, shareholder voting rights, common stock, Series B preferred stock, and director designation arrangements tied to shareholder agreements. The filings also provide formal exhibits and disclosures around the company's capital structure and public-company reporting obligations.
Svindland Paul C. reported acquisition or exercise transactions in this Form 4 filing.
Forward Air Corp director equity grant: Director Paul C. Svindland received 9,545 shares of restricted common stock as an award under the Forward Air Corporation 2025 Non-Employee Director Stock Plan in a transaction exempt from Section 16(b) under Rule 16b-3. After this grant, he directly holds 15,977 shares of common stock. The restricted stock fully vests on the earlier of the day immediately prior to Forward Air Corporation's 2027 Annual Meeting of Stockholders or the first anniversary of the grant date.
Boyles Dale W reported acquisition or exercise transactions in this Form 4 filing.
Forward Air Corporation director Dale W. Boyles received 9,545 shares of restricted common stock as a compensation award. The grant, made at no cash cost to Boyles, was issued under the company’s 2025 Non-Employee Director Stock Plan and is exempt from Section 16(b) under Rule 16b-3. The restricted stock fully vests on the earlier of the day immediately prior to Forward Air’s 2027 annual stockholders’ meeting or the first anniversary of the grant date. After this award, Boyles directly holds 22,940 shares of Forward Air common stock.
Gorjanc Christine Marie reported acquisition or exercise transactions in this Form 4 filing.
Forward Air Corporation director Christine Marie Gorjanc received a grant of 9,545 shares of common stock. The award was granted at a price of $0.00 per share as restricted stock under the Forward Air Corporation 2025 Non-Employee Director Stock Plan in a transaction exempt from Section 16(b) under Rule 16b-3.
The restricted stock will fully vest on the earlier of the day immediately prior to Forward Air Corporation's 2027 Annual Meeting of Stockholders or the first anniversary of the grant date. Following this grant, Gorjanc directly holds 22,940 shares of Forward Air common stock.
Forward Air Corporation reported results from its annual stockholder meeting. Stockholders elected five directors, including Shawn Stewart, who received 25,370,833 votes for and 680,454 votes withheld, with 4,674,152 broker non-votes.
Stockholders approved, on an advisory basis, the compensation of named executive officers with 24,784,242 votes for, 1,130,305 against, and 136,740 abstentions. They also ratified KPMG LLP as independent registered public accounting firm for the 2026 fiscal year with 30,503,398 votes for. In addition, stockholders approved an amendment to the 2025 Omnibus Incentive Compensation Plan with 21,834,532 votes for and 3,752,547 against.
Cetus Capital VI, L.P. amended a Schedule 13G to report beneficial ownership of 245,588 shares of Forward Air Corporation common stock, representing 0.76% of the class.
The filing states the ownership percentage is based on 32,448,712 shares outstanding as of April 21, 2026, and shows sole voting and dispositive power over 245,588 shares. The amendment is signed by Littlejohn Associates VI, L.P., as general partner.
Forward Air Corporation reported a Q1 2026 net loss of $40.2M, an improvement from a $61.2M loss a year earlier, on operating revenues of $582.0M, down 5.1%. Operating income rose to $20.4M from $4.8M as purchased transportation and compensation costs declined with softer volumes.
Segment results were mixed: Expedited Freight revenue grew 9.4% to $272.7M with better profitability, while Omni Logistics revenue fell 6.5% and Intermodal declined 15.0%. Total other expense increased, driven by a $16.7M charge to increase a Tax Receivable Agreement liability.
The company highlighted a key risk: its largest customer represented about 12% of Q1 2026 revenue and is in discussions to transition a significant portion of contract logistics business to other providers over transition periods of up to 24 months. The board ended its sale review without a buyer and is now pursuing potential sales of non-core assets, including the Intermodal segment and certain Omni businesses, to help deleverage. Cash rose to $141.0M with operating cash flow of $45.7M, and the leverage ratio of 5.44x remained within the 6.25x covenant.
Forward Air Corporation reported a Q1 2026 net loss while improving operations and cash flow, and disclosed a pending loss of major business. Revenue was $582.0 million, down 5.1% year over year. Income from operations rose to $20.4 million from $4.8 million, but net loss was $40.2 million, improving from a $61.2 million loss. Diluted loss per share narrowed to $(1.09) from $(1.68). Consolidated EBITDA was $70.4 million. Liquidity increased to $402 million, including $141 million of cash and $261 million of revolver availability, and free cash flow rose to $40.2 million from $16.4 million. The Expedited Freight segment grew revenue 9.4% to $272.7 million with a 10.4% Reported EBITDA margin, while Omni Logistics generated $302.4 million of revenue with an improved 8.3% margin. The Intermodal segment’s revenue fell 15.0% to $53.1 million and margin declined. Forward Air also warned that one of its largest customers, which contributed about $250 million of 2025 revenue, is expected to shift most of its business to other providers beginning in early 2027. After a broad strategic review produced no actionable sale proposal for the whole company, the Board plans to pursue sales of non-core assets, including the Intermodal segment and two smaller Omni businesses, to help reduce debt and sharpen focus on core service-sensitive logistics.
FORWARD AIR CORP Chief Executive Officer Shawn Stewart reported a Form 4 transaction where 4,136 shares of common stock were disposed of on April 29, 2026.
According to the filing, these shares were withheld by the company to satisfy minimum tax withholding obligations upon the vesting and net settlement of restricted stock, and were not an open-market sale. Following this tax-withholding disposition, Stewart directly holds 144,030 shares of common stock.
Forward Air Corporation announced that directors Charles L. Anderson and Robert L. Edwards, Jr. will not stand for re-election at the annual stockholders’ meeting scheduled for June 17, 2026. Both were designated by Ridgemont Equity Partners under a 2024 Shareholders Agreement.
The company states their decisions are not due to any disagreement over operations, policies, or practices. After the 2026 annual meeting, the board will be reduced from seven directors to five directors, while Ridgemont Equity Partners retains its director designation rights for future elections.