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- Material Weakness (new) — The auditor's report states Forward Air did not maintain effective internal control over financial reporting as of December 31, 2024 due to a material weakness.
Forward Air registers up to 11.68M shares for resale by selling stockholders; company gets no proceeds
Filed May 21, 2025 · ~1 min read
Key Changes
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The offering is entirely secondary: up to 11,683,943 shares may be sold by existing holders, and Forward Air will not receive any proceeds.
The Offering verify on EDGAR → -
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The company suspended its quarterly dividend beginning Q1 2024 to de-risk its capital structure; current credit facility restricts dividends.
The Offering verify on EDGAR → -
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Auditor Ernst & Young found a material weakness in internal control over financial reporting as of December 31, 2024.
Experts view on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 2, 2026 · How we verify