XPO Logistics, Inc. Announces Separation Agreement with Sarah Glickman
May 08, 2020 at 07:02 am EDT
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On May 4, 2020, XPO Logistics, Inc. entered into a letter agreement with Sarah Glickman, Senior Vice President, Corporate Finance and Transformation of XPO Logistics, Inc. (the “ Company”) setting forth the terms of her separation (the “ separation agreement”). Pursuant to the separation agreement, Ms. Glickman will receive cash severance payments equal to twelve months of her base salary and full vesting of her outstanding time-based restricted stock unit awards. Ms. Glickman also remains eligible to vest in a prorated portion of her outstanding performance-based restricted stock units, subject to the achievement of the applicable performance goals, in accordance with the terms and conditions of the applicable award agreements.
XPO, Inc. is a provider of freight transportation services. The Company moves goods through its customers supply chains in North America and Europe. It operates through two segments: North American Less-Than-Truckload (LTL), and European Transportation. The North American LTL segment provides shippers with geographic density and day-definite domestic and cross-border services to the United States (U.S.), as well as Mexico, Canada, and the Caribbean. It also includes trailer manufacturing operations. The European Transportation segment offers a range of services, such as truckload, LTL, truck brokerage, managed transportation, last mile, freight forwarding and multimodal solutions, including road-rail and road-short sea combinations. It serves a base of customers in consumer, trade, and industrial markets. The Company offers XPO Connect, a cloud-based digital platform for transportation procurement that encompasses a freight optimizer system, shipper interface and carrier interface.