Knight-Swift Transportation Holdings Inc. filed an 8-K on November 6, 2026, disclosing the appointment of Richard Howard to its Board of Directors effective November 4, 2026, and the declaration of a quarterly cash dividend of $0.20 per share.

Key Highlights

  • New Board Member: Richard Howard was appointed to the Knight-Swift Board of Directors effective November 4, 2026, following a one-director increase in the Board's size.
  • Independence Determination: The Board determined that Mr. Howard qualifies as an "independent director" under applicable New York Stock Exchange listing standards.
  • Committee Assignments: Mr. Howard was appointed to the Finance Committee and the Nominating and Corporate Governance Committee.
  • Restricted Stock Grant: Upon appointment, Mr. Howard received a grant of 357 shares of restricted stock, consistent with the company's director compensation program.
  • Quarterly Dividend: The Board declared a quarterly cash dividend of $0.20 per share, payable on December 21, 2026, to stockholders of record as of December 7, 2026.
  • Howard's Background: Mr. Howard, age 61, most recently served as President and Chief Executive Officer of Daimler Truck Financial Services USA from December 2021 through August 2024.

Richard Howard Joins Knight-Swift Board Amid Quarterly Dividend Declaration

According to the filing, Knight-Swift Transportation Holdings Inc. (NYSE:KNX) expanded its Board of Directors by one seat and appointed Richard Howard as a director, effective November 4, 2026, to serve until the company's 2027 annual meeting of stockholders. The Board determined Mr. Howard meets the independence requirements under New York Stock Exchange listing standards. He was assigned to both the Finance Committee and the Nominating and Corporate Governance Committee of the Board.

The filing states that consistent with the company's director compensation program, Mr. Howard received a grant of 357 shares of restricted stock upon his appointment and became eligible for cash compensation as described in the company's most recent Proxy Statement filed with the SEC on April 2, 2026, under the heading "Director Compensation." Mr. Howard also entered into an indemnification agreement with the company in a form previously approved by the Board. The filing notes that "there are no arrangements or understandings between Mr. Howard and any other persons pursuant to which he was appointed as a member of the Board."

According to the filing, Mr. Howard, 61, joined Mercedes-Benz in 1993 and held a range of roles including Executive Chairman of Mercedes-Benz Financial Services Ltd. and Regional CEO of Daimler Financial Services Asia, before serving as President and CEO of Daimler Truck Financial Services USA from December 2021 through August 2024. He currently serves on the boards of Netsol Technologies, Inc. and Green Corridors, and is the Founder of Chromis Consulting, LLC. Separately, the filing disclosed that on November 5, 2026, the Board declared a quarterly cash dividend of $0.20 per share, payable December 21, 2026, to stockholders of record as of December 7, 2026. The filing notes that the declaration of future dividends is subject to board approval and various risks and uncertainties.

What Was Disclosed

Knight-Swift's 8-K, dated November 6, 2026, reported the Board expansion and appointment of Richard Howard as an independent director, his receipt of 357 restricted shares, his committee assignments, and a quarterly cash dividend of $0.20 per share payable December 21, 2026.