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GXO Logistics (NYSE: GXO) CAO departs as Laura Bracken takes interim role

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(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

GXO Logistics, Inc. reported that Chief Accounting Officer Paul Blanchett has decided to resign, with his last working day on April 24, 2026, citing a new opportunity outside the logistics industry and no disagreements with the company.

The Board appointed Laura Bracken, currently Vice President Controller for Americas and Asia Pacific, as Interim Chief Accounting Officer effective April 1, 2026. Her annual base salary remains $300,900, and she will receive a $6,000 monthly responsibility allowance for at least six months.

Subject to a successful transition, Bracken is eligible for a restricted stock unit award with a grant date value of $150,000 on August 1, 2026, vesting in three equal annual installments, contingent on continued employment and other plan conditions.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT
Pursuant to Section 13 or 15(d) of The
Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): January 23, 2026

 

GXO LOGISTICS, INC.

(Exact name of registrant as specified in its charter)

 

Delaware   001-40470   86-2098312
(State or other jurisdiction of
incorporation)
  (Commission File Number)   (I.R.S. Employer
Identification No.)

 

Two American Lane, Greenwich, Connecticut   06831
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code (203) 489-1287

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

 

¨   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))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbol(s) Name of each exchange on which registered
     
Common stock, par value $0.01 per share GXO New York Stock Exchange
3.750% Notes due 2030 GXO/30 New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On January 23, 2026, Paul Blanchett, Chief Accounting Officer of GXO Logistics, Inc. (the “Company”), notified the Company of his decision to resign from his position as Chief Accounting Officer, with his last working day being April 24, 2026. Mr. Blanchett resigned to pursue a new professional opportunity outside of the logistics industry, and there were no disagreements between the Company and Mr. Blanchett on any matter regarding its operations, policies, or practices.

 

On January 29, 2026, the Company’s Board of Directors appointed Laura Bracken, the Company’s Vice President Controller, Americas and Asia Pacific, to also serve as the Company’s Interim Chief Accounting Officer (interim principal accounting officer), effective April 1, 2026. Ms. Bracken, 52, has served as the Company’s Vice President Controller, Americas and Asia Pacific since May 2024, after the Company's acquisition of PFSweb, Inc. (“PFS”). Prior to that time, Ms. Bracken served as Senior Vice President, Chief Accounting Officer, Head of Finance of PFS, beginning in March 2023. Prior to PFS, from September 2022 until March 2023, Ms. Bracken served as Chief Accounting Officer/Interim Chief Financial Officer of Aero Design Labs and in various roles at At Home Group Inc., including Chief Accounting Officer from July 2020 until April 2022 and Vice President, Controller from April 2019 until July 2020. Prior to At Home Group Inc., Ms. Bracken served as a staff auditor with PricewaterhouseCoopers LLP and held various accounting roles with additional corporations. Ms. Bracken is a Certified Public Accountant.

 

On January 29, 2026, the Company and Ms. Bracken entered into an offer letter (“Offer Letter”). Pursuant to the Offer Letter, Ms. Bracken’s annual base salary will continue to be $300,900 and Ms. Bracken will be paid a responsibility allowance of $6,000 per month, less applicable taxes and deductions, beginning on February 1, 2026, and for the duration of her Interim Chief Accounting Officer role or a minimum of six months, whichever is longer. Also, pursuant to the Offer Letter, in connection with a successful transition as outlined in the Offer Letter, Ms. Bracken is eligible to receive a restricted stock unit (“RSU”) award grant on August 1, 2026 with a grant date value of $150,000. The RSU grant will vest in three (3) equal increments on the first, second, and third anniversaries of the grant date, subject to Ms. Bracken’s continued employment with the Company and other conditions set forth in the award and plan documents. The foregoing description of the Offer Letter does not purport to be complete and is qualified in its entirety by reference to the full text of the Offer Letter, a copy of which is filed as Exhibit 10.1 hereto, and is incorporated into this Item 5.02 by reference.

 

There are no family relationships between Ms. Bracken and any director or executive officer of the Company, and Ms. Bracken has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

 

Item 9.01Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit
Number
  Description
10.1+   Offer Letter, dated January 29, 2026, between Laura Bracken and GXO Logistics, Inc.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).  

 

+ This exhibit is a management contract or compensatory plan or arrangement.

 

 

 

 

SIGNATURE

 

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.

     
Date:  January 29, 2026  GXO LOGISTICS, INC.
  By:  /s/ Karlis P. Kirsis
  Name:  Karlis P. Kirsis
  Title:  Chief Legal Officer

 

 

FAQ

What executive change did GXO (GXO) announce in this 8-K filing?

GXO announced that Chief Accounting Officer Paul Blanchett will resign, with his last working day on April 24, 2026. The Board appointed Laura Bracken as Interim Chief Accounting Officer effective April 1, 2026, ensuring continuity in the company’s principal accounting leadership role.

Why is GXO’s Chief Accounting Officer Paul Blanchett resigning?

Paul Blanchett is resigning to pursue a new professional opportunity outside the logistics industry. GXO stated there were no disagreements between him and the company regarding operations, policies, or practices, indicating the departure is not related to disputes over accounting or business matters.

Who is Laura Bracken, GXO’s new Interim Chief Accounting Officer?

Laura Bracken is GXO’s Vice President Controller for the Americas and Asia Pacific and a Certified Public Accountant. She joined GXO in May 2024 via the PFSweb acquisition and previously held senior accounting roles at PFSweb, Aero Design Labs, At Home Group Inc., and PricewaterhouseCoopers.

When does Laura Bracken’s interim Chief Accounting Officer role at GXO begin?

Laura Bracken’s interim Chief Accounting Officer role becomes effective April 1, 2026. This timing creates overlap with outgoing Chief Accounting Officer Paul Blanchett, whose last working day is April 24, 2026, supporting a smoother transition of GXO’s principal accounting responsibilities.

What compensation changes did GXO disclose for Laura Bracken’s interim role?

GXO disclosed that Laura Bracken’s annual base salary will remain $300,900, and she will receive a $6,000 monthly responsibility allowance from February 1, 2026. The allowance continues for the duration of her interim role or a minimum of six months, whichever period is longer.

What equity award is Laura Bracken eligible for under her GXO offer letter?

Subject to a successful transition, Laura Bracken is eligible for a restricted stock unit award with a grant date value of $150,000 on August 1, 2026. The RSUs vest in three equal annual installments, conditioned on her continued employment and other terms in the award and plan documents.

Does GXO report any related-party or family relationships for Laura Bracken?

GXO states there are no family relationships between Laura Bracken and any company director or executive officer. It also notes she has no direct or indirect material interest in transactions that would require disclosure under Item 404(a) of Regulation S-K, limiting related-party concerns.
Gxo Logistics Incorporated

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Integrated Freight & Logistics
Transportation Services
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United States
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