HUBG · Hub Group, Inc.

On May 11, 2026, the Audit Committee of Hub Group, Inc., following management's recommendation, concluded that the previously issued audited financial statements for 2024 and 2023 were materially misstated and should no longer be relied upon. The determination followed a review that identified certain transactions that were prematurely or incorrectly recognized or lacked adequate support. The company is continuing to review additional accounting issues that may further impact those periods, though it does not believe they will alter the non-reliance conclusion. Additionally, management expects to conclude that internal controls over financial reporting were ineffective for both years. This restatement introduces significant uncertainty regarding the reliability of prior financial data and may delay the completion of the 2025 audit. Investors should monitor for further disclosures and the eventual restated financials.