Welcome to our dedicated page for Proficient Auto Logistics SEC filings (Ticker: PAL), 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.
The Proficient Auto Logistics, Inc. (NASDAQ: PAL) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as filed with the U.S. Securities and Exchange Commission. Proficient Auto Logistics is a specialized freight company focused on auto transportation and logistics services, and its filings offer detailed information on its financial condition, operating performance, and corporate developments.
Investors can review PAL’s annual reports on Form 10-K and quarterly reports on Form 10-Q for discussions of its integrated freight and logistics operations, revenue categories such as Truckload and Brokerage, unit volumes for company deliveries and subhaulers, and the use of non-GAAP measures including Adjusted Operating Income, Adjusted Operating Ratio, EBITDA, and Adjusted EBITDA. These documents also describe the company’s acquisitions of founding auto hauling businesses and subsequent additions such as Auto Transport Group and Brothers Auto Transport.
Current reports on Form 8-K, such as those filed in connection with earnings releases, provide timely updates on results of operations and financial condition, as well as information about scheduled investor conference calls. PAL’s filings also identify it as an emerging growth company and confirm that its common stock trades on the Nasdaq Global Market under the symbol PAL.
On Stock Titan, SEC filings are accompanied by AI-powered summaries designed to highlight key points from lengthy documents, helping users understand complex sections of 10-K and 10-Q reports more quickly. Real-time updates from the EDGAR system, along with access to Forms 3, 4, and 5 when available, allow users to monitor changes in ownership and other regulatory disclosures related to Proficient Auto Logistics.
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.
American Century Investment Management, Inc., American Century Companies, Inc., and the Stowers Institute for Medical Research report beneficial ownership of common stock of Proficient Auto Logistics, Inc. This is an Amendment No. 2 to a passive ownership report.
The group reports beneficial ownership of 35,112 shares of Proficient Auto Logistics common stock, representing 0.1% of the class, with sole voting and sole dispositive power over all reported shares and no shared power. The filing states that ownership is of 5 percent or less of the class.
The economic interests in these shares are held by various clients and investment companies for which American Century Investment Management, Inc. serves as investment adviser; no single client advised by ACIM holds more than 5% of the class. ACIM is a wholly owned subsidiary of American Century Companies, Inc., which is controlled by the Stowers Institute for Medical Research.
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.
Boston Partners filed an amended Schedule 13G reporting its beneficial ownership in Proficient Auto Logistics, Inc. common stock. Boston Partners beneficially owned 159,450 shares, representing 0.57% of the class as of June 30, 2026.
Boston Partners reported sole voting power and sole dispositive power over all 159,450 shares, with no shared voting or dispositive power. The filing classifies this position as ownership of 5 percent or less of the issuer’s common stock.
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. Chief Executive Officer Richard D. Odell reported two stock transactions. On May 15, 2026, he sold 33,743 shares of common stock in open-market trades at a weighted average price of $5.08 per share. On May 18, 2026, he sold 27,191 shares at a weighted average price of $5.03 per share to cover tax withholding obligations tied to vesting restricted stock units. After these transactions, he directly holds 936,908 shares of Proficient Auto Logistics common stock.
Proficient Auto Logistics, Inc. director Rohit Lal reported routine equity compensation activity. He received a grant of 10,295 restricted stock units (RSUs) on May 7, 2026, which will vest on the company’s 2027 annual meeting of stockholders and convert to common stock one-for-one.
Separately, 1,903 previously granted RSUs vested on May 6, 2026 and were exercised into 1,903 shares of common stock. Following these transactions, Lal directly holds 21,903 shares of common stock and 10,295 RSUs, reflecting ongoing alignment of director compensation with shareholder equity rather than open-market buying or selling.
Proficient Auto Logistics Chief Financial Officer Bradley J. Wright reported multiple equity transactions in Proficient Auto Logistics, Inc. common stock. He exercised 29,444 restricted stock units at a conversion price of $0.00 per unit, increasing his direct common stock holdings to 62,888 shares, while 29,445 restricted stock units remained outstanding.
On May 15, 2026, he made open-market purchases of 3,132 directly held shares and 668 shares through a UTMA account for his grandchildren at a weighted average price of about $5.15 per share, within a $5.15–$5.16 range. After these trades, he held 66,020 shares directly and 2,002 shares indirectly, which include spouse and UTMA holdings. He disclaims beneficial ownership of the UTMA shares except for his pecuniary interest.
Proficient Auto Logistics director Douglas L. Col reported equity compensation activity. He received a grant of 10,295 restricted stock units on May 7, 2026, which will vest on the date of the company’s 2027 annual meeting of stockholders and convert into common stock one-for-one.
On May 6, 2026, previously granted 9,135 restricted stock units that were awarded on May 13, 2025 vested and were exercised into 9,135 shares of common stock. After these transactions, Col directly holds 43,260 shares of common stock. The filing reflects routine director compensation and a derivative exercise, with no open-market purchases or sales.