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. reports initial equity holdings for Senior VP of Administration Adam Jeffrey Smith. The reporting person holds 3,632 shares of Common Stock directly. In addition, he holds Restricted Stock Units (RSUs) convertible into 10,112 and 8,299 shares of Common Stock on a one-for-one basis, subject to multi‑year vesting schedules beginning in 2026 and 2027, respectively.
Proficient Auto Logistics, Inc director Rohit Lal reported open-market purchases of the company’s common stock. On August 13, 2026, he purchased 40,000 shares at a weighted average price of $5.43 per share, executed in multiple trades between $5.41 and $5.44. On August 14, 2026, he purchased an additional 10,000 shares at $5.53 per share. The Rule 10b5-1 checkbox was not marked as affirming a trading plan, and post-transaction share holdings are not stated.
Proficient Auto Logistics, Inc reported that its Chief Financial Officer, Bradley J. Wright, purchased 4,000 shares of common stock on 2026-08-13 at a weighted average price of about $5.55 per share, within a range of $5.53 to $5.56. Following this open-market purchase, his directly held stake increased to 70,200 common shares.
He also reports indirect ownership of additional common shares: one position held in a UTMA account for his grandchildren, for which he serves as custodian and disclaims beneficial ownership except to the extent of his pecuniary interest, and another position held by his spouse. The Rule 10b5-1 trading-plan checkbox was not marked, indicating the transaction was not reported as made under a pre-arranged trading plan.
Proficient Auto Logistics, Inc. executive Amy F. Rice, President and COO, purchased 995 shares of common stock on August 13, 2026 in an open-market or private transaction at $5.55 per share. Following this buy, she directly owns 18,385 shares of Proficient Auto Logistics common stock. The transaction was reported as not made under a Rule 10b5-1 trading plan.
Proficient Auto Logistics, Inc. reported first-half 2026 operating revenue of $203.1 million, down slightly from $210.8 million a year earlier, and a larger net loss of $10.4 million compared with $4.7 million. Operating cash flow fell sharply to $0.7 million from $13.2 million.
Total assets were $460.5 million and total liabilities $157.3 million, leaving equity of $303.2 million. The Company Drivers segment posted a first-half operating loss of $6.1 million, while Subhaulers generated operating profit of $10.4 million. Long-term debt was $64.2 million plus $6.7 million drawn on the revolver. After quarter-end, Proficient closed the $130 million Hansen & Adkins acquisition and issued $75 million of convertible senior notes due 2033 to support the transaction and refinance debt.
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.