EXPD 8-K
Expeditors International Of Washington Inc (EXPD)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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): |
(Exact name of Registrant as Specified in Its Charter)
(State or Other Jurisdiction |
(Commission File Number) |
(IRS Employer |
||
|
|
|
|
|
|
||||
|
||||
(Address of Principal Executive Offices) |
|
(Zip Code) |
||
Registrant’s Telephone Number, Including Area Code: |
|
|
|
(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:
Securities registered pursuant to Section 12(b) of the Act:
|
|
Trading |
|
|
|
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
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 8.01 Other Events.
On February 24, 2026, Expeditors International of Washington, Inc., a Washington corporation, issued a press release announcing an authorization to repurchase shares. A copy of the press release is furnished as Exhibit 99.1 to this report.
Item 9.01 Financial Statements and Exhibits.
(d) The following items are filed as exhibits to this report:
99.1 Press release, dated February 24, 2026 issued by Expeditors International of Washington, Inc.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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.
|
|
|
EXPEDITORS INTERNATIONAL OF WASHINGTON, INC. |
|
|
|
|
Date: |
February 24, 2026 |
By: |
/s/ David A. Hackett |
|
|
|
David A. Hackett, Senior Vice President and Chief Financial Officer |
Exhibit 99.1
PRESS RELEASE
By: |
|
Expeditors International of Washington, Inc. |
|
|
||
|
|
Sterling Plaza 2, 3rd Floor |
|
|
||
|
|
3545 Factoria Blvd. SE |
|
|
||
|
|
Bellevue, Washington 98006 |
|
|
||
|
|
|
|
|
|
|
|
|
CONTACTS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Daniel R. Wall |
|
David A. Hackett |
|
Geoffrey Buscher |
|
|
President and Chief Executive Officer |
|
Senior Vice President and Chief Financial Officer |
|
Director - Investor Relations |
|
|
(206) 674-3455 |
|
(206) 674-3400 |
|
(206) 892-4510 |
FOR IMMEDIATE RELEASE
EXPEDITORS ANNOUNCES NEW SHARE REPURCHASE PROGRAM
BELLEVUE, WASHINGTON – February 24, 2026, Expeditors International of Washington, Inc. (NYSE: EXPD) today announced that on February 23, 2026, its Board of Directors authorized a new share repurchase program that permits the repurchase of up to $3 billion of the Company's common stock. The repurchase authorization will be effective upon expiration of the current authorization allowing the Company to repurchase outstanding shares down to 130 million, which the Board approved on February 19, 2024.
“The first priority of our capital deployment strategy is to invest in organic growth initiatives,” said David A. Hackett, Senior Vice President and Chief Financial Officer. “Given our capital-efficient business model and significant operating cash flows, we expect substantial excess cash after making such investments. We plan to return this excess cash to shareholders in the form of dividends and share repurchases. Our position as a ‘dividend aristocrat,’ coupled with this share repurchase authorization, demonstrates our ability to return substantial cash to our owners.”
About Expeditors International of Washington, Inc.
Expeditors is a global logistics company headquartered in Bellevue, Washington. The Company employs trained professionals in 172 district offices and numerous branch locations located on six continents linked into a seamless worldwide network through an integrated information management system. Services include the consolidation or forwarding of air and ocean freight, customs brokerage, vendor consolidation, cargo insurance, time-definite transportation, order management, warehousing and distribution and customized logistics solutions.
Disclaimer on Forward-Looking Statements:
Certain statements contained in this news release are “forward-looking statements,” based on management’s views with respect to future events and underlying assumptions that involve risks and uncertainties. These forward-looking statements include statements regarding our capital deployment strategy, significant operating cash flows, and our ability to return excess cash to shareholders in the form of dividends and share repurchases. These and other factors are discussed in the Company’s regulatory filings with the Securities and Exchange Commission, including those in “Item 1A. Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and the Company’s most recent Form 10-Q. The forward-looking statements contained in this news release speak only as of this date and the Company does not assume any obligation to update them except as required by law.