LANDSTAR SYSTEM INC
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Landstar System Inc (NASDAQ: LSTR) reported stronger-than-expected earnings and sales for the first quarter, surpassing analyst consensus estimates. Following these positive results, several analysts revised their price targets for Landstar System upwards, although most maintained a "Hold" or "Neutral" rating. The company's shares increased by 2.4% after the announcement.
Landstar System, Inc. (LSTR) announced a significant change in its legal department as Michael K. Kneller, Vice President, General Counsel, and Secretary since 2005, will resign on May 8, 2026, to join the law firm Scopelitis, Garvin, Light, Hanson & Feary, P.C. To ensure continuity, Landstar has appointed Vallie S. Dugas, currently Vice President and Assistant General Counsel, as Interim Vice President, General Counsel, and Secretary, effective the same date. The company frames this as an orderly career transition, with an internal interim replacement to maintain legal and governance continuity.
Landstar System, Inc. announced that Michael K. Kneller, its Vice President, General Counsel, and Secretary, will depart on May 8th to become a partner at Scopelitis, Garvin, Light, Hanson & Feary, P.C. Vallie S. Dugas, currently Assistant General Counsel, has been appointed Interim General Counsel and Secretary. Landstar plans to name a permanent successor later this year, considering both internal and external candidates.
