Hub Group Inc
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
HUBG$24.70+2.0%Stored close · as of Nov 9, 2026
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Schedule II – Valuation and Qualifying Accounts
SCHEDULE II
VALUATION AND QUALIFYING ACCOUNTS AND RESERVES
Allowance for uncollectible trade accounts
| Balance at · Charged to · Charged to · Balance at | |||||
|---|---|---|---|---|---|
| Year Ended · Beginning of · Costs & · Other · End of | |||||
| December 31: | Year | Expenses | Accounts (1) | Deductions (2) | Year |
| 2023 | $38,580,000 | $1,426,000 | $(5,295,000) | $(2,000) | $34,709,000 |
| 2022 | $20,061,000 | $2,985,000 | $15,557,000 | $(23,000) | $38,580,000 |
| 2021 | $8,280,000 | $308,000 | $11,510,000 | $(37,000) | $20,061,000 |
Deferred tax valuation allowance
| Balance at · Charged to · Balance at | |||
|---|---|---|---|
| Year Ended | Beginning of | Costs & | End of |
| December 31: | Year | Expenses | Year |
| 2023 | $1,567,000 | $(393,000) | $1,174,000 |
| 2022 | $5,023,000 | $(3,456,000) | $1,567,000 |
| 2021 | $6,518,000 | $(1,495,000) | $5,023,000 |
(1)Expected customer account adjustments charged to revenue and write-offs, net of recoveries.
(2)Represents bad debt recoveries.
(c) Exhibits INDEX TO EXHIBITS
| Number | Exhibit |
| 3.1 | Certificate of Incorporation of Hub Group, Inc. (Amended as of June 26, 2023) (incorporated by reference to Exhibit 3.1 to the Registrant's quarterly report on Form 10-Q filed August 4, 2023) |
| 3.2 | Amended and Restated By-Laws of Hub Group, Inc. (incorporated by reference to Exhibit 3.1 to the Registrant’s report on Form 8-K filed February 28, 2023) |
| 4.1 | Description of Hub Group, Inc. Class A Common Stock, $.01 par value |
| 10.1 | DPY Stockholders’ Agreement dated February 22, 2023 (incorporated by reference to Exhibit 10.1 to the Registrant's quarterly report on Form 10-K filed February 24, 2023) |
| 10.2 | Common Stock Exchange and Repurchase Agreement (incorporated by reference to Exhibit 10.1 to the Registrant's report on Form 8-K filed August 9, 2022) |
| 10.3* | Hub Group’s Nonqualified Deferred Compensation Plan Basic Plan Document as amended and restated as of January 1, 2008 (incorporated by reference to Exhibit 10.4 to the Registrant’s report on Form 10-K filed February 22, 2008) |
| 10.4* | Hub Group’s Nonqualified Deferred Compensation Plan Adoption Agreement as amended and restated as of January 1, 2008 (incorporated by reference to Exhibit 10.5 to the Registrant’s report on Form 10-K filed February 22, 2008) |
| 10.5 | Credit Agreement, dated February 24, 2022, among the Registrant, the Guarantors, the Lenders and Bank of Montreal (incorporated by reference to Exhibit 10.1 to the Registrant’s report on Form 8-K filed March 1, 2022) |
| 10.6 | Hub Group’s 2017 Long Term Incentive Plan (incorporated by reference from Exhibit A to the Registrant’s definitive proxy statement on Schedule 14A filed March 22, 2017) |
| 10.7* | Hub Group’s 2022 Long Term Incentive Plan (incorporated by reference from Exhibit A to the Registrant’s definitive proxy statement on Schedule 14A filed April 12, 2022) |
| 10.8* | Form of Terms of Restricted Stock Award to Non-Employee Directors under Hub Group, Inc. 2017 and 2022 Long-Term Incentive Plan (incorporated by reference to Exhibit 10.1 to the Registrant’s report on Form 8-K filed May 16, 2017) |
| 10.9* | Form of Terms of Restricted Stock Award under Hub Group, Inc. 2017 and 2022 Long-Term Incentive Plan (incorporated by reference to Exhibit 10.2 to the Registrant’s report on Form 8-K filed May 16, 2017) |
| 10.10* | Form of Terms of Performance Based Restricted Stock Award under Hub Group, Inc. 2017 and 2022 Long-Term Incentive Plan (incorporated by reference to Exhibit 10.3 to the Registrant’s report on Form 8-K filed January 5, 2018) |
| 21 | Subsidiaries of the Registrant |
| 23.1 | Consent of Ernst & Young LLP |
| 24.1 | Powers of Attorney (included as part of the signature pages hereto) |
| 31.1 | Rule 13a-14(a) Certification of Phillip D. Yeager, Chief Executive Officer |
| 31.2 | Rule 13a-14(a) Certification of Kevin W. Beth, Chief Financial Officer |
| 32.1 | Section 1350 Certifications of Phillip D. Yeager and Kevin W. Beth, Chief Executive Officer and Chief Financial Officer, respectively |
| 97 | Hub Group, Inc. Compensation Clawback Policy |
| 101 | Inline XBRL Document Set for the consolidated financial statements and accompanying notes in Part II, Item 8, “Financial Statements and Supplementary Data” of this Annual Report on Form 10-K |
| 104 | Inline XBRL for the cover page of this Annual Report on Form 10-K, included in the Exhibit 101 Inline XBRL Document Set |
- Management contract or compensatory plan or arrangement.
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