Every 8-K that Proficient Auto Logistics Inc (PAL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow PAL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PAL filings page.
Proficient Auto Logistics, Inc. completed a private offering of $75.0 million in 5.500% convertible senior notes due 2033 to qualified institutional buyers. The notes are senior unsecured obligations, maturing on August 15, 2033, with semiannual interest payments and an initial conversion rate of 153.7870 shares per $1,000 principal (conversion price about $6.50 per share), subject to standard adjustment and early conversion/redemption conditions.
The company entered into capped call transactions covering the shares underlying the notes, using approximately $9.2 million of note proceeds; the initial cap price is $8.93 per share, 75% above the last reported sale price of $5.10. Net proceeds are estimated at $71.4 million, intended to refinance debt and pay capped call premiums.
Separately, wholly owned subsidiary Proficient Services, Inc. completed the acquisition of Hansen & Adkins Auto Transport for an upfront price of about $130 million, including assumed debt of about $75 million, $52 million in cash and 421,354 PAL shares, plus potential earnout payments up to about $22.1 million. The combined enterprise is described as the largest auto hauler in North America, transporting roughly one quarter of the new vehicle transportation market and expected to move more than four million vehicles annually.
Proficient Auto Logistics, Inc. entered into a definitive agreement for subsidiary Proficient Services, Inc. to acquire Hansen & Adkins Auto Transport for an upfront purchase price of $130 million, including $75 million of assumed debt, plus potential earnout payments of up to $22.1 million tied to near‑term EBITDA targets. About $3 million of the upfront consideration and $2 million of potential earnouts may be paid in common stock, with the balance in cash funded from cash on hand and credit facilities.
The combination is expected to more than double Proficient’s owned fleet capacity, add over 900 personnel, expand into Canada, and on a combined basis move more than 4 million vehicles annually across North America. Concurrently, Proficient agreed to issue $75.0 million of convertible senior notes due 2033 in a private offering, with proceeds intended to refinance existing debt and pay premiums for capped call transactions designed to limit conversion‑related dilution.
For the quarter ended June 30, 2026, Proficient reported total operating revenue of $109.4 million and a net loss of $3.9 million. Adjusted EBITDA was $7.7 million with a 7.0% margin, and the company ended the quarter with $8.1 million of cash and $70.4 million of debt, implying a net leverage ratio of 2.1x based on $30.3 million of trailing twelve‑month Adjusted EBITDA.
Proficient Auto Logistics, Inc. announced that its Chairman and CEO, Rick O’Dell, and CFO, Brad Wright, will attend the William Blair Growth Stock Conference on June 2, 2026, holding meetings with investors and posting related materials on its investor relations website.
The company also scheduled an investor conference call for 5:00 p.m. EDT on August 10, 2026 to discuss operating and financial results for the three months ended June 30, 2026, with a results press release planned for around 4:00 p.m. EDT that same day. Investors can register for dial-in details or access a listen-only webcast through the provided online links.
Proficient Auto Logistics, Inc. reported a weaker first quarter of 2026, with total operating revenue of $93.7 million, down 1.6% from the same period in 2025. The company recorded an operating loss of $6.9 million versus a $2.4 million loss a year earlier, and net loss widened to $6.5 million, or $0.23 per share, compared with $3.2 million, or $0.12 per share. Adjusted EBITDA declined to $4.5 million, a 4.8% margin, from $7.8 million and an 8.2% margin. Total units delivered rose 1.5% to 501,850, driven by higher company deliveries, while revenue per unit declined.
The company ended March 31, 2026 with $9.8 million of cash and $69.1 million of debt, implying net debt of about $59.3 million and a trailing twelve‑month Adjusted EBITDA of $36.3 million. Management noted headwinds from lower early-quarter volumes, severe winter weather and higher diesel prices, but cited improving demand and fuel cost recovery exiting the quarter. Separately, stockholders elected eight directors and ratified Grant Thornton LLP as auditor, while a proposed amendment to the certificate of incorporation did not achieve the required 66 2/3% approval.
Proficient Auto Logistics, Inc. reported that preliminary revenue for January and February 2026 was about $55 million, roughly 4% below the same period in 2025, mainly due to extended auto plant shutdowns, weak industry sales rates, and severe winter weather that reduced shipments and dealer activity. February revenue was lower year-over-year and fell $6–8 million short of internal expectations, so full first-quarter revenue is now expected to be below prior guidance with a sequential increase in adjusted operating ratio. Management still expects revenue and adjusted operating ratio going forward to be substantially in line with current analyst consensus as auto volumes seasonally strengthen. The Board also authorized the company’s first share repurchase program, allowing buybacks of up to $15 million of common stock with no set end date, funded by cash on hand, its revolving credit facility, and future cash flows.
Proficient Auto Logistics, Inc. announced that its Board appointed Rohit Lal as a director, effective immediately, to serve until the 2026 annual stockholders’ meeting. He will also serve on the Audit and Nominating and Corporate Governance Committees, bringing deep enterprise technology and logistics experience from his role at Saia, Inc.
Mr. Lal will receive cash compensation of $50,000 and restricted stock units valued at $75,000, pro-rated until the next annual meeting, under the company’s 2024 Non-Employee Director Compensation Policy. The company will also enter into a standard indemnification agreement with him and has issued a press release announcing his appointment.
Proficient Auto Logistics, Inc. reported strong 2025 volume growth but weaker profitability. Full-year operating revenue rose to $430.4 million, up 10.7%, with total units delivered increasing 16.2% to 2,311,234, driven by acquisitions and market share gains.
Despite higher revenue, the company posted a full-year operating loss of $32.3 million versus operating income of $10.9 million in 2024, largely due to a non-cash goodwill impairment of $27.8 million. Adjusted operating income declined to $10.8 million from $19.5 million, while Adjusted EBITDA was broadly flat at $40.2 million. The company ended 2025 with $14.3 million in cash, $74.3 million of debt and a net leverage ratio of 1.5x, after reducing total debt by about $4.9 million in the fourth quarter.
Proficient Auto Logistics, Inc. announced that senior executives, including its Chairman and Chief Executive Officer, President and Chief Operating Officer, and Chief Financial Officer, will participate in the Stifel Financial Corp. Transportation & Logistics Conference on February 10 and 11, 2026. Presentation materials will be posted on the company’s website under Investor Relations on the day of the event.
The company also scheduled an investor conference call for 4:30 p.m. EST on February 9, 2026 to discuss its preliminary unaudited operating and financial results for the three months and fiscal year ended December 31, 2025, with a related press release expected around 4:00 p.m. EST that day. The results discussed will be preliminary and subject to completion of accounting and annual audit procedures, and investors can access the call and a listen-only webcast through registration links provided by the company.
Proficient Auto Logistics (PAL) furnished an 8-K announcing it issued a press release with financial results for the quarter ended September 30, 2025. The release is included as Exhibit 99.1 and, as furnished under Item 2.02, is not deemed filed for liability purposes under the Exchange Act.
The company scheduled a conference call for 5:00 pm Eastern time on November 11, 2025 to discuss operations and results. Investors can register via the provided link to receive dial-in details or join a listen-only webcast.
Proficient Auto Logistics, Inc. furnished a press release disclosing combined financial results for Proficient Auto Logistics, Proficient Auto Transport, Inc. and the company’s five founding companies for the quarter ended June 30, 2025. The filing states the complete press release is attached as Exhibit 99.1 and that more detailed results and commentary are available there.
The company also scheduled an investor conference call at 5:00 pm Eastern on August 11, 2025 with registration and a listen-only webcast link provided in the report. The filing includes a standard forward-looking statements disclaimer noting that projections and expectations are subject to risks and uncertainties and should not be relied upon as predictions.