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 director Steven F. Lux reported equity compensation activity. On May 7, 2026, he received a grant of 10,295 restricted stock units, which will vest on the date of the company’s 2027 annual stockholders’ meeting and convert into common stock on a one-for-one basis.
On May 6, 2026, 9,481 previously granted restricted stock units, originally awarded on August 15, 2025, vested and were converted into 9,481 shares of common stock. After these transactions, Lux directly owned 611,957 shares of common stock. All reported movements reflect grants and conversions, with no open-market buying or selling.
Proficient Auto Logistics director John Schraudenbach reported routine equity compensation activity. He received 10,295 restricted stock units at no cost that will vest on the company’s 2027 annual meeting of stockholders, with each unit convertible into one share of common stock.
He also exercised 9,135 previously granted restricted stock units into 9,135 shares of common stock. Following these transactions, he directly holds 24,135 shares of common stock and 10,295 unvested restricted stock units.
Proficient Auto Logistics, Inc. reported weaker results for the quarter ended March 31, 2026. Total operating revenue was $93.7 million, slightly below $95.2 million a year earlier, while net loss widened to $6.5 million from $3.2 million. Basic and diluted loss per share increased to $0.23 from $0.12.
EBITDA fell to $3.1 million with a 3.3% margin, and Adjusted EBITDA declined to $4.5 million with a 4.8% margin, both down from the prior year period. Cash and cash equivalents decreased to $9.8 million from $14.3 million at year-end, while long-term debt (including current portion) declined to $69.3 million.
The Company Drivers segment grew revenue to $36.3 million, but Subhaulers revenue decreased to $57.4 million as more loads shifted to company drivers. The company also launched a $15 million share repurchase program and had repurchased 82,877 shares at an average price of $6.25 by quarter-end.
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. is asking stockholders to vote at its virtual-only 2026 Annual Meeting on May 6, 2026. Stockholders will elect eight directors for one-year terms, ratify Grant Thornton LLP as independent auditor for 2026, and approve an amendment to the Third Amended and Restated Certificate of Incorporation.
The amendment would eliminate 66 2/3% supermajority voting requirements in favor of simple majority standards to change certain charter and bylaw provisions. The proxy also details board structure, committee membership, director and executive stock ownership and compensation, and terms of the 2024 Long-Term Incentive Plan and executive employment agreements.
Proficient Auto Logistics, Inc. is soliciting proxies for its virtual 2026 Annual Meeting of Stockholders to be held on May 6, 2026 at 11:00 a.m. Eastern Time. Stockholders of record as of March 10, 2026 may vote. The Board asks holders to vote on: (1) election of eight directors; (2) ratification of Grant Thornton LLP as independent auditor for fiscal 2026; and (3) approval of an amendment to the Third Amended and Restated Certificate of Incorporation to eliminate certain supermajority voting requirements and replace them with a simple majority standard. The Board unanimously recommends FOR each proposal. The proxy highlights 2025 integration progress, operating-ratio and leverage improvements, a planned director retirement (John Skiadas), and executive and governance policies including stock ownership, clawback, and related-party procedures.
Proficient Auto Logistics, Inc. reports its annual business overview and risk factors following its May 2024 IPO and the combination of five “Founding Companies.” The company runs one of the largest auto transport fleets in North America, with about 800 owned assets, 825 employees and 57 U.S. facilities.
Operations are split between a Company Drivers segment, which is asset-based, and a Subhaulers segment, which is asset-light and relies on independent carriers. Revenue is highly concentrated, with the top five customers providing 59% of 2025 revenue and one customer contributing 29%. The filing highlights an identified material weakness in internal control over financial reporting tied to IT general controls and closing processes, with remediation efforts underway, and outlines extensive regulatory, environmental, labor, cybersecurity and customer-concentration risks.
Proficient Auto Logistics director John Skiadas reported an internal share adjustment related to a past acquisition. On May 13, 2025, 208,866 shares of common stock that had been held back under the stock purchase agreement for the Delta Automotive Services acquisition were released to him for no additional consideration. Following this release, he directly holds 2,061,463 common shares. This reflects completion of a contractual holdback rather than an open‑market purchase or sale.