UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549  

FORM 8-K  

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): October 30, 2018

SCHNEIDER NATIONAL, INC.
(Exact Name of Registrant as Specified in Charter)  

	

Wisconsin	 	001-38054	 	39-1258315	
(State or other jurisdiction
of incorporation)	 	(Commission
File Number)	 	(I.R.S. Employer
Identification No.)
	
3101 South Packerland Drive
Green Bay, WI 54313
(Address of Principal Executive Offices)

Registrant’s telephone number, including area code: (920) 592-2000
_____________________
(Former Name or Former Address, if Changed Since Last Report)    

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):

			
 	☐	Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)	

			
 	☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)	

			
 	☐	Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))	

			
 	☐	Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))	
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).  
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 5.02.    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 30, 2018, Schneider National, Inc. (the "Company") announced that Chris Lofgren will retire as President and Chief Executive Officer following the Company's Annual Meeting of Shareholders in April 2019. Mr. Lofgren's departure from the Company is not due to any dispute or disagreement over the Company's operations, practices or policies.
The Company's Board of Directors has selected Mark Rourke, Executive Vice President and Chief Operating Officer, to succeed Mr. Lofgren. Mr. Rourke joined the Company in 1987 and has served in his current role since 2015. Prior to becoming Executive Vice President and Chief Operating Officer, Mr. Rourke held several leadership roles, including President of Truckload Services, General Manager of Schneider Transportation Management and Vice President of Customer Service. Mr. Rourke holds a bachelor's degree in Marketing from the University of Akron.
Mr. Rourke's selection is consistent with a thorough succession plan that was developed and executed under the Board of Directors' oversight during the last several years. To assist with an orderly transition, Mr. Lofgren will continue to serve in his current role until his retirement date, at which time his employment at the Company will end in connection with Mr. Rourke's commencement of his role as the Company's new Chief Executive Officer. At the time of this report, the Company has not entered into any compensation arrangements with Mr. Lofgren or Mr. Rourke in connection with the announcement described above.
The Company’s press release issued on October 30, 2018 announcing Mr. Lofgren's retirement and Mr. Rourke's appointment is filed herewith as Exhibit 99.1 and incorporated herein by reference.
ITEM 9.01.    Financial Statements and Exhibits.
(d)    Exhibits. The following exhibit is being filed herewith:
Exhibit No.      Description of Exhibit
99.1         Press release dated October 30, 2018

 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	
			
 	 	SCHNEIDER NATIONAL, INC.	
 	 	 	
Date: October 30, 2018	 	By:      /s/ Paul J. Kardish                         	
 	 	Name: Paul J. Kardish	
 	 	Title:    Executive Vice President, General Counsel and Corporate Secretary	

 	 	 	

    

FOR IMMEDIATE RELEASE Media Contacts: Hiebing Hiebing Marcie Waters Holly Wachtendonk (608) 256-6357 (920) 592-3573 mwaters@hiebing.com hwachtendonk@hiebing.com CEO Succession Announced for Schneider National, Inc. Chris Lofgren announces retirement effective April 2019; Mark Rourke to be named CEO GREEN BAY, Wis. (October 30, 2018) – Schneider National, Inc. (NYSE: SNDR), a premier provider of trucking, intermodal and logistics services, announced today that Chris Lofgren will retire as President and Chief Executive Officer following the company’s Annual Meeting of Shareholders in April 2019. The Schneider board of directors has selected Mark Rourke, Executive Vice President and Chief Operating Officer, to succeed Lofgren and become the company’s fourth President and CEO in its 84-year history. Today’s announcement is consistent with a thorough succession plan that was developed and executed under the board of directors’ oversight during the last several years. “Mark is the absolute right person to lead Schneider moving forward,” said Lofgren. “He is an exceptional leader, with experience across our entire broad portfolio of services and a track record of proven success. Among many other strengths, Mark is very intelligent, displays sound judgement, understands our business and is an excellent team builder. He is highly respected by the Schneider team and is passionate about the success of our business, our customers, our associates and our shareholders.” “In this time of significant innovation in the transportation and logistics industry, and the need for a relentless focus on operational excellence, there is no question that Mark is the ideal executive to assume the CEO position at Schneider,” said Dan Sullivan, Non-Executive Chairman of Schneider’s board of directors. “Mark has spent his entire professional career at Schneider and has played a key role in setting the direction of the company, ensuring its financial well-being and positioning the organization for ongoing success.” Rourke, 54, began his career with Schneider in 1987, at the company’s Seville, Ohio operating center where he mastered the critical role the driver plays in serving customers and safely delivering business results. Over his 30+ year tenure with Schneider, he has held a variety of leadership roles, including Director of Driver Training, Vice President of Customer Service, General Manager of Schneider Transportation Management and

 

President of Truckload Services. He has served in his current role, a key to the company’s succession plan, where he has been accountable for all of Schneider’s service offerings since 2015. During that time, the company has grown revenues by 20 percent, adjusted operating earnings by over 30 percent and adjusted earnings per share by over 45 percent. “I am humbled and honored with today’s announcement,” said Rourke. “I have been privileged to serve this great company over the last 30+ years and to have worked closely with Chris over the last 12+ years. Chris has been a great mentor and I will be forever grateful for the opportunities he has provided me. He took over the leadership of this company from an industry icon, Don Schneider. By leveraging the solid foundation that Don had built, Chris accelerated the company’s position as a transportation and logistics bellwether by embracing technology and innovation, and challenging the status quo. Just as Chris has made the company stronger, I am excited about our future and embrace Schneider’s role in an industry with great opportunity for success.” Schneider thrived during Lofgren’s 17 years as CEO with the company, doubling its annual revenues to $4.4 billion. During that time, he led the successful transformation of Schneider from a family-led organization to a professional, independently managed enterprise. Lofgren’s courage and vision guided the organization through the U.S. financial crisis in the late 2000s, while also overseeing the company’s seven-year Quest technology transformation. He also played an integral role on the team that led the company through its successful initial public offering in April 2017. “I want to thank Chris for all he has done for Schneider, to include positioning the company for this seamless transition with Mark,” said Sullivan. “During his tenure as CEO, Chris has greatly enhanced the financial performance of the company across our broad portfolio of asset- and non-asset based services through excellent leadership, accountability and sound strategic planning to include the important role that technology plays in the company’s businesses. As importantly, this success was attained by doing things the right way and not compromising core values – what Chris would call ‘The Schneider Way.’” About Schneider Schneider is a premier provider of transportation and logistics services. Offering one of the broadest portfolios in the industry, Schneider’s solutions include Regional and Long-Haul Truckload, Expedited, Dedicated, Bulk, Intermodal, Final Mile, LTL, Brokerage, Warehousing, Supply Chain Management and Port Logistics.

 

A $4.4 billion company (2017 revenue), Schneider has been delivering superior customer experiences and safely getting it done for over 80 years. For more information about Schneider, visit www.schneider.com or follow on Twitter: @WeAreSchneider. ###