Proficient Auto Logistics Enters Consulting Agreement and Announces Conference Participation and Preliminary Financial Results

Proficient Auto Logistics, Inc. (NASDAQ: PAL) recently disclosed a material definitive agreement it entered into on January 26, 2025. The agreement involves a consulting arrangement between the company, Delta Automotive Services, LLC (known as Delta Transport), and John Skiadas, a current employee and board member of Proficient Auto Logistics.

Under this consulting agreement, Mr. Skiadas will provide advisory services to aid in transitioning responsibilities and workstreams to the Vice President of Operations for the East region, facilitating Delta’s integration with the company, among other duties. The agreement has a term running from December 16, 2024, to February 28, 2025, with the possibility of extension by mutual agreement for up to 90 days.

As compensation for his services, Mr. Skiadas will receive a base salary at an annual rate of $250,000 along with various benefits in line with other Delta employees. Additionally, the Board plans to nominate Mr. Skiadas for reelection at the next annual stockholder meeting. The agreement also outlines severance and health benefit details for Mr. Skiadas upon termination.

Regarding regulatory disclosures, on January 30, 2025, Proficient Auto Logistics announced its participation in the Stifel Financial Corp. Transportation & Logistics Conference scheduled for February 12, 2025. Key company executives are expected to engage in meetings with members of the investment community. Materials from the conference will be available on the company’s website.

Furthermore, the company will release its preliminary unaudited operating and financial results for the quarter ending December 31, 2024, on February 11, 2025, followed by an investor conference call. These results are preliminary and subject to adjustments pending accounting procedures.

Investors are invited to join the conference call planned for February 11, 2025, at 5:00 p.m. EST. Participants can register via the provided link to receive dial-in details or follow the listen-only webcast.

Proficient Auto Logistics specializes in providing auto transportation and logistics services, operating one of North America’s largest auto transportation fleets. The company primarily focuses on transporting finished vehicles from production facilities to dealerships nationwide.

This news is provided in compliance with regulatory requirements and the information contained herein is not filed for specific purposes under the Exchange Act or the Securities Act unless provided for in subsequent filings. Additionally, the cautionary statement included addresses forward-looking statements made within the context of this disclosure.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Proficient Auto Logistics’s 8K filing here.

Proficient Auto Logistics Company Profile

Proficient Auto Logistics, Inc focuses on providing auto transportation and logistics services in North America. It primarily focuses on transporting and delivering finished vehicles from automotive production facilities, ports of entry, and rail yards to a network of automotive dealerships. The company operates approximately 1,130 auto transport vehicles and trailers, including 615 company-owned transport vehicles and trailers.