Welcome to our dedicated page for Landstar Sys SEC filings (Ticker: LSTR), 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.
Landstar System, Inc. filings document the public-company disclosures of an asset-light provider of integrated transportation management solutions whose common stock trades on Nasdaq under the symbol LSTR. The company’s Form 8-K reports cover quarterly and preliminary operating results, Regulation FD slide presentations, earnings releases, and material events tied to its freight transportation business, including revenue, earnings, truck load activity, revenue per load, purchased transportation economics, insurance and claims costs, and other operating measures.
Landstar’s proxy and governance filings describe annual meeting matters, director elections, auditor ratification, advisory votes on executive compensation, board composition, committee service, director independence, executive compensation and stockholder voting results. Other current reports document leadership changes and board appointments.
LANDSTAR SYSTEM INC director Homaira Akbari reported updated share holdings. She received a grant of 825 shares of common stock at no cost, increasing her direct ownership to 13,974 shares. Separately, 2,500 shares previously held in a Defined Benefit Plan were transferred to a traditional IRA account in her name, now reported as indirect ownership. The filing shows compensation-related share acquisition and an internal transfer between retirement accounts, with no open-market purchases or sales disclosed.
Landstar System, Inc. reported the results of its 2026 Annual Meeting of stockholders. A total of 31,613,594 shares, about 93% of common stock as of the record date, were represented in person or by proxy. Stockholders elected nine directors, each to serve until the 2027 annual meeting.
Stockholders also ratified the appointment of KPMG LLP as independent registered public accounting firm for fiscal 2026, with 31,106,739 votes for and 476,986 against. In an advisory vote on 2025 executive compensation, the say‑on‑pay resolution received 28,709,272 votes for and 1,650,850 against, with additional abstentions and broker non‑votes.
Vanguard Capital Management reported beneficial ownership of 1,791,653 shares of Landstar System Inc common stock, representing 5.27% of the class as of 03/31/2026. The filing lists 259,753 shares as sole voting power and 1,791,653 shares as sole dispositive power. The Schedule 13G states these holdings include securities held for Vanguard funds and other managed accounts and is signed by Ashley Grim on 04/30/2026.
Landstar System, Inc. reports higher first‑quarter results for the thirteen weeks ended March 28, 2026. Revenue rose to $1.17 billion, up 2% year over year, driven by higher revenue per load despite slightly fewer loads.
Operating income increased to $53.2 million from $39.4 million as gross profit margin improved to 9.6% and insurance and claims costs declined. Net income grew to $39.4 million, or $1.16 per share, compared with $29.8 million, or $0.85 per share, helped by lower depreciation, stable commissions, and disciplined cost control.
Vanguard Portfolio Management reports beneficial ownership of 1,756,831 shares of Landstar System Inc Common Stock, representing 5.17% of the class as of 03/31/2026. The filing shows Vanguard has sole dispositive power over 1,756,831 shares and sole voting power for 4,120 shares.
Landstar System, Inc. reported solid growth for the first quarter of fiscal 2026, with revenue of $1.171 billion, up 2% from the prior-year quarter, and basic and diluted EPS of $1.16, a 36% increase. Net income rose to $39.4 million from $29.8 million.
Profitability improved as gross profit climbed 14% to $112.5 million and operating income increased 35% to $53.2 million. Truck transportation revenue grew to $1.082 billion, supported by higher revenue per load despite fewer loads. The company generated $72.4 million of free cash flow, repurchased about $22.6 million of stock, and declared a $0.40 quarterly dividend, while maintaining cash and short-term investments of roughly $411 million.
Landstar System, Inc. reported a leadership change in its legal department. Michael K. Kneller, who has served as Vice President, General Counsel, Secretary and an executive officer since 2005, will resign effective May 8, 2026 to join the law firm Scopelitis, Garvin, Light, Hanson & Feary, P.C.
To ensure continuity, Landstar has appointed Vallie S. Dugas, currently Vice President and Assistant General Counsel, as Interim Vice President, General Counsel and Secretary, effective the same date. The filing does not describe any dispute; it frames the move as a career transition and notes an internal interim replacement.
The Vanguard Group filed Amendment No. 14 to a Schedule 13G/A reporting zero beneficial ownership of Landstar System Inc. common stock. The amendment states that, following an January 12, 2026 internal realignment and in reliance on SEC Release No. 34-39538, certain subsidiaries and business divisions will report beneficial ownership separately and Vanguard no longer is deemed to beneficially own the securities held by those entities. The filing lists Amount beneficially owned: 0 and Percent of class: 0%.
Landstar System, Inc. is asking stockholders to vote at its virtual-only 2026 Annual Meeting on May 5, 2026, with a record date of March 10, 2026. Stockholders will consider three key proposals: electing nine directors, ratifying KPMG LLP as independent auditor, and approving an advisory vote on executive compensation, all recommended "FOR" by the Board.
The Board recently added directors J. Barr Blanton and Melanie M. Hart and plans to reduce its size from ten to nine after director Anthony J. Orlando retires at the meeting. The Board is majority independent, led by a Non-Executive Chairman, and operates through fully independent audit, compensation, and governance committees. A diversity matrix shows ten directors, including four women.
Management highlights navigating a prolonged freight downturn while pursuing strategic growth in Heavy Haul and U.S./Mexico cross-border freight, with Heavy Haul achieving record revenues in 2025 and those two areas representing about 20% of business. Over the past two years, the company returned approximately $261 million via share repurchases and $245 million in dividends, while maintaining an asset-light model and strong balance sheet.
Landstar is accelerating its use of artificial intelligence, including an agent-focused portal with embedded AI and additional AI initiatives in pricing, customer support, retention, trailer management, credit approvals, and ERP. Approximately half of the 2026 technology capital expenditure budget is dedicated to AI-enabled solutions. The executive compensation program is positioned as pay-for-performance, combining modest base salaries, annual incentive opportunities tied to financial goals, and equity awards intended to align leadership with long-term stockholder value.
Landstar System Inc officer Matthew Miller reported a small tax-related share disposition. On this Form 4, 130 shares of common stock were withheld at $146.78 per share to cover tax withholding obligations, according to the footnote.
After this tax-withholding event, Miller directly holds 4,841 shares of Landstar System common stock. Because the transaction reflects shares withheld for taxes rather than an open-market sale, it represents a routine administrative adjustment tied to equity compensation rather than a discretionary trade.