Knight-Swift Shareholders Approve Executive Pay, Reelect Board

PHOENIX, AZ – Knight-Swift Transportation Holdings Inc. (NYSE:KNX), a $7.46 billion market cap leader in trucking and logistics, held its Annual Meeting of Stockholders on Tuesday, May 13, 2025, where several key proposals were voted upon. The company, which has seen a strong 10.8% return over the past week, conducted the meeting amid positive momentum. The information is based on a recent SEC filing.According to InvestingPro data, Knight-Swift has maintained consistent profitability, with additional metrics and insights available through the platform’s comprehensive Pro Research Report.

During the meeting, shareholders reelected all twelve directors to serve a one-year term on the company’s board. The directors include Amy Boreger, Douglas Col, Reid Dove, Michael Garnreiter, Louis Hobson, Gary Knight, Kevin Knight, Adam Miller, Kathryn Munro, Jessica Powell, Roberta Roberts Shank, and David Vander Ploeg. The election results showed overwhelming support for each director, with the number of votes cast "for" each candidate substantially exceeding those cast "against" or marked as "abstain."

Additionally, the compensation of the company’s named executive officers was approved on an advisory, non-binding basis, reflecting shareholder satisfaction with the executive pay structure. The proposal received 131,853,725 votes in favor, compared to 6,346,326 votes against and 319,546 abstentions.

Shareholders also ratified the appointment of Grant Thornton LLP as the company’s independent registered public accounting firm for the fiscal year 2025. The proposal passed with a significant majority, garnering 144,060,061 votes for, 4,597,224 against, and 306,541 abstentions.

However, a stockholder proposal regarding support for transparency in political spending was not approved. It received 57,939,074 votes for, 79,588,451 against, and 992,072 abstentions.

The meeting’s outcomes indicate continued investor confidence in Knight-Swift’s governance and financial oversight. The company, headquartered in Phoenix, Arizona, has been a major player in the transportation sector under the Knight-Swift name following the merger of Knight Transportation and Swift Transportation. Notably, the company has maintained dividend payments for 22 consecutive years and has raised its dividend for 5 straight years, demonstrating strong financial stewardship.InvestingPro analysis reveals 12 additional key insights about Knight-Swift’s financial health and market position, available to subscribers.

The SEC filing also confirmed that all proposals were passed with a substantial number of broker non-votes, which are shares held by brokers or nominees that they are not authorized to vote on behalf of the share’s beneficial owner. These non-votes did not affect the outcome of the proposals.

The detailed voting results for each proposal have been filed with the SEC and are publicly available for review. Looking ahead, analysts expect net income growth this year, though 19 analysts have recently revised their earnings expectations downward. The company maintains a P/E ratio of 44.58, suggesting premium market pricing relative to earnings.

In other recent news, Knight-Swift Transportation Holdings Inc. announced its first-quarter 2025 earnings, reporting an earnings per share (EPS) of $0.28, which was slightly below the forecasted $0.29. The company’s revenue aligned with expectations at $1.82 billion. Despite outperforming some earnings expectations, Knight-Swift has revised its second-quarter EPS guidance downward to a range of $0.30 to $0.38, down from an earlier forecast of $0.46 to $0.50. This revision is attributed to potential challenges, including a reduction in imports that could affect demand. Benchmark analysts have maintained a Buy rating for Knight Transportation with a $63 price target, while Evercore ISI lowered its price target to $44 from $49, maintaining an In Line rating. In addition to these financial updates, Knight-Swift declared a quarterly cash dividend of $0.18 per share, consistent with its dividend policy. The company has also chosen not to provide third-quarter guidance due to ongoing market uncertainties, emphasizing the cautious outlook for the near future.

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