8-KSecurities & ListingRegulation FDExhibits & Filings

EXPEDITORS INTERNATIONAL OF WASHINGTON INC 8-K Report, Listing Notice (Nov 9, 2023)

Filed November 9, 2023For Securities:EXPD

Summary

Expeditors International of Washington, Inc. (EXPD) has announced a significant change in its stock exchange listing. The company is voluntarily transferring its principal listing from the Nasdaq Stock Market LLC (Nasdaq) to the New York Stock Exchange (NYSE). This decision, authorized by the Board of Directors, is expected to take effect with trading commencing on the NYSE on November 21, 2023, following the delisting from Nasdaq at the close of market on November 20, 2023. Investors should note that the company's stock will continue to trade under the same ticker symbol, "EXPD," on the NYSE. While the filing does not provide a specific rationale for the move, such transfers are often undertaken to leverage the perceived prestige, broader investor access, or potentially different trading dynamics associated with the NYSE. The company has also attached a press release detailing this announcement as an exhibit.

Key Highlights

  • 1Voluntary transfer of principal stock listing from Nasdaq to NYSE.
  • 2Trading on NYSE expected to commence on November 21, 2023.
  • 3Trading on Nasdaq is expected to cease at market close on November 20, 2023.
  • 4The company's common stock will continue to trade under the ticker symbol "EXPD."
  • 5The decision was authorized by the Company's Board of Directors.
  • 6A press release announcing the transfer is included as an exhibit.

Frequently Asked Questions

The filing states the company is voluntarily withdrawing its principal listing from Nasdaq and transferring to the NYSE. While a specific reason is not detailed in this filing, companies often make such moves to access a different investor base, gain prestige, or for other strategic reasons.

Your shares will continue to trade under the same ticker symbol "EXPD" on the NYSE. Trading will cease on Nasdaq at the close of market on November 20, 2023, and will resume on the NYSE at the open of market on November 21, 2023. You should not experience any direct impact on your share ownership.

Expeditors' common stock will continue to trade under the same ticker symbol "EXPD" on the New York Stock Exchange.

No, the filing explicitly states this is a voluntary decision authorized by the Board of Directors and is a transfer of listing. It is not a delisting due to failure to meet listing standards.