01—Abstract
Summary
Summary of the 8-K filed August 22, 2025. Cited figures are marked; the original filing is the authoritative source.
J.B.
Hunt Transport Services, Inc. (NASDAQ: JBHT) announced in this Form 8-K, filed August 22, 2025, that its Board of Directors appointed A. Brad Delco as Executive Vice President and Chief Financial Officer, effective September 1, 2025. Delco has served as Senior Vice President of Finance since February 2022, leading corporate financial planning and analysis, investor relations and corporate development, and joined the company in 2019.
Before joining, he spent 14 years at Stephens Inc., an investment banking and financial services firm, primarily covering the transportation industry as a lead analyst. John Kuhlow, the current CFO, will continue in an executive capacity as Chief Accounting Officer. The filing sets out Delco's compensation.
Effective September 1, 2025, his annual base salary will be $525,000a. On that date he will receive restricted share units valued at $1.45 million, with 40% vesting in installments of 40%, 40% and 20% on January 31 of 2026 through 2028, and 60% vesting on March 31, 2028, subject to a three-year ROIC performance measure relative to certain peer companies, with vesting ranging from 0% to 240% of the original performance-based units. He will also receive a promotional award of restricted share units valued at $1 million, vesting in three equal annual installments from 2031 through 2033.
His annual bonus target is 100%b of base salary, with a potential payout of 25% to 200%. The company states it has not entered into a written employment agreement with him.
The company issued a press release on August 21, 2025, announcing the appointment, which is furnished as Exhibit 99.1 under Item 7.01. CEO Shelley Simpson said the change aligns leadership with the company's focus on operational excellence, cost discipline, scaling investments and delivering shareholder value.
02—Key points
Key Highlights
- A. Brad Delco appointed Executive Vice President and Chief Financial Officer, effective September 1, 2025; appointment approved by the Board on August 18, 2025.
- John Kuhlow, the current CFO, will continue as Chief Accounting Officer.
- Delco has 14 years of transportation-focused experience at Stephens Inc. and has been with J.B. Hunt since 2019, including leading investor relations.
- Delco's base salary is $525,000 per year, effective September 1, 2025.
- Delco receives restricted share units valued at $1.45 million on September 1, 2025, with 60% of the award subject to a ROIC performance measure over the three years ending December 31, 2027, ranging from 0% to 240% of target units.
- Delco also receives a $1 million promotional restricted share unit award vesting in three equal annual installments from 2031 through 2033.
- Annual bonus target is 100% of base salary, with a potential payout of 25% to 200%, prorated for the portion of 2025 served as CFO.
03—Questions
Frequently Asked Questions
Who is the new Chief Financial Officer of J.B. Hunt and when does the change take effect?
A. Brad Delco, currently Senior Vice President of Finance, was appointed Executive Vice President and Chief Financial Officer, effective September 1, 2025. The Board made the appointment on August 18, 2025.
What happens to the current CFO, John Kuhlow?
Kuhlow will continue to serve in an executive capacity as the company's Chief Accounting Officer.
What is Delco's background?
Delco joined J.B. Hunt in 2019 as Vice President of Finance, leading investor relations, and became Senior Vice President of Finance in February 2022, with responsibility for financial planning and analysis, investor relations and corporate development. He previously spent 14 years at Stephens Inc., an investment banking and financial services firm, working in corporate finance and equity research and primarily covering the transportation industry as a lead analyst.
How is Delco being compensated in the new role?
He will receive an annual base salary of $525,000, a restricted share unit award valued at $1.45 million on September 1, 2025, and a $1 million promotional restricted share unit award vesting in 2031 through 2033. His annual bonus target is 100% of base salary, with a potential payout of 25% to 200%. The company has not entered into a written employment agreement with him.
How is the company announcing the change?
The company issued a press release on August 21, 2025, announcing the appointment, which is furnished as Exhibit 99.1 and not deemed filed under Section 18 of the Exchange Act. CEO Shelley Simpson said the change aligns leadership with the company's focus on operational excellence, cost discipline and scaling investments.
04—Continue