Daseke, Inc. (NASDAQ: DSKE) (“Daseke” or the “Company”), the
largest flatbed, specialized transportation and logistics solutions
company in North America, announced today that it has named Julie
Hoagland as the Company’s Chief People Officer (“CPO”). In this new
executive role, Ms. Hoagland will report to Chris Easter, Chief
Executive Officer of Daseke, and lead all aspects of the Company’s
human resources function, with a focus on fostering the strategic
development of the Company’s culture, leadership, and talent.
Chris Easter commented, “We are excited to
announce Julie’s appointment as Daseke’s first ever Chief People
Officer, which compliments and completes the strong leadership team
we have built over the last year. Julie brings over two and a half
decades of experience as an established and highly respected human
resources professional. To enable our strategy and build an even
stronger Daseke, we must continue to invest in our people and
culture. Our strategy remains focused on our goal to deliver a
ninety percent operating ratio over the long-term, and we will need
to further invest in building a highly functional culture and
strong bench of talent to be successful. We are happy to welcome
Julie to the team and look forward to her contribution.”
Ms. Hoagland brings over 25 years of human
resources experience to Daseke’s leadership team. Ms. Hoagland
joins Daseke from A. H. Belo Corporation, a Dallas-based news and
emerging media and digital marketing company, where she served as
Senior Vice President and Chief People Officer since 2016. Prior to
joining A. H. Belo Corporation, Ms. Hoagland served as Head of
People Services at DaVita Rx, where she helped support significant
growth, including employee headcount expansion from 500 to over
1,700 employees, while maintaining a great place to work. Her work
at DaVita Rx garnered her recognition as the 2012 HR Executive of
the Year by Dallas HR (the local SHRM affiliate). She earned a
Bachelor’s degree in Personnel Management and Industrial Relations
from the University of North Texas and completed her Business of
Human Resources Executive Program at the University of North
Carolina.
In connection with Ms. Hoagland’s hiring, the
Board of Directors has approved equity awards as an inducement
material to her acceptance of employment with the Company in
accordance with NASDAQ Listing Rule 5635(c)(4). Ms. Hoagland was
granted the following awards: (A) options to purchase 66,600 shares
of the Company’s common stock, with an exercise price of $6.89 per
share (the closing price of the Company’s common stock on November
6, 2020), which are scheduled to vest in three equal annual
installments, subject to the her continued employment; and
(B) 45,700 performance stock units that are eligible to vest
at the end of a three-year performance period subject to the
achievement of specified stock price hurdles and the her continued
employment. Ms. Hoagland’s inducement grants provide for varying
levels of accelerated vesting upon the occurrence of specified
employment termination and change in control events.
About Daseke, Inc.
Daseke, Inc. is the largest flatbed and
specialized transportation and logistics company in North America.
Daseke offers comprehensive, best-in-class services to many of the
world’s most respected industrial shippers through experienced
people, a fleet of more than 5,000 tractors and 11,500 flatbed and
specialized trailers. For more information, please visit
www.daseke.com.
Forward‐Looking Statements
This news release contains “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements may be identified by
the use of words such as “may,” “will,” “expect,” “anticipate,”
“continue,” “estimate,” “project,” “believe,” “plan,” “should,”
“could,” “would,” “forecast,” “seek,” “target,” “predict,” and
“potential,” the negative of these terms, or other comparable
terminology. Projected financial information, including our
guidance outlook, are forward-looking statements. Forward-looking
statements may also include statements about the Company’s goals,
including its restructuring actions and cost reduction initiatives;
the Company’s financial strategy, liquidity and capital required
for its business strategy and plans; the Company’s competition and
government regulations; general economic conditions; and the
Company’s future operating results.
These forward-looking statements are based on
information available as of the date of this release, and current
expectations, forecasts and assumptions. While management believes
that these forward-looking statements are reasonable as and when
made, there can be no assurance that future developments affecting
us will be those that the Company anticipates. Accordingly,
forward-looking statements should not be relied upon as
representing the Company’s views as of any subsequent date, and the
Company does not undertake any obligation to update forward-looking
statements to reflect events or circumstances after the date they
were made, whether as a result of new information, future events or
otherwise, except as may be required under applicable securities
laws. Accordingly, readers are cautioned not to place undue
reliance on the forward-looking statements.
The effect of the COVID-19 pandemic may remain
prevalent for a significant period of time and may continue to
adversely affect the Company’s business, results of operations and
financial condition even after the COVID-19 pandemic has subsided
and “stay at home” mandates have been lifted. The extent to which
the COVID-19 pandemic impacts the Company will depend on numerous
evolving factors and future developments that it cannot predict.
There are no comparable recent events that provide guidance as to
the effect the COVID-19 global pandemic may have, and, as a result,
the ultimate impact of the pandemic is highly uncertain and subject
to change. Additionally, the Company will regularly evaluate its
capital structure and liquidity position. From time to time and as
opportunities arise, the Company may access the debt capital
markets and modify its debt arrangements to optimize its capital
structure and liquidity position.
Forward-looking statements are subject to risks
and uncertainties (many of which are beyond our control) that could
cause actual results or outcomes to differ materially from those
indicated by such forward-looking statements. These factors
include, but are not limited to, general economic and business
risks, such as downturns in customers’ business cycles and
disruptions in capital and credit markets, the impact to the
Company’s business and operations resulting from the COVID-19
pandemic, the Company’s ability to execute and realize all of the
expected benefits of its integration, business improvement and
comprehensive restructuring plans, the Company’s ability to
complete planned or future divestitures successfully, the Company’s
ability to adequately address downward pricing and other
competitive pressures, driver shortages and increases in driver
compensation or owner-operator contracted rates, loss of senior
management or key operating personnel, our ability to realize
intended benefits from its recent or future acquisitions,
seasonality and the impact of weather and other catastrophic
events, fluctuations in the price or availability of diesel fuel,
increased prices for, or decreases in the availability of, new
revenue equipment and decreases in the value of used revenue
equipment, the Company’s ability to generate sufficient cash to
service all of the Company’s indebtedness, restrictions in its
existing and future debt agreements, increases in interest rates,
changes in existing laws or regulations, including environmental
and worker health safety laws and regulations and those relating to
tax rates or taxes in general, the impact of governmental
regulations and other governmental actions related to the Company
and its operations, litigation and governmental proceedings, and
insurance and claims expenses. You should not place undue reliance
on these forward-looking statements. For additional information
regarding known material factors that could cause our actual
results to differ from those expressed in forward-looking
statements, please see Daseke’s filings with the Securities and
Exchange Commission, available at www.sec.gov, including Daseke’s
most recent annual report on Form 10-K, and subsequent quarterly
reports on Form 10-Q, particularly the section titled “Risk
Factors.”
Investor Relations:
Alpha IR GroupJoseph Caminiti or Chris
Hodges312-445-2870DSKE@alpha-ir.com
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