Forward Air Executive Chairman Lorrain steps down, transitions to director role

Filed July 10, 2026 · Period ending July 10, 2026 · ~1 min read

Key Changes

• high

  Jerome Lorrain resigned as Executive Chairman effective July 10, 2026, but remains on the Board as a non-employee director, reducing operational involvement while maintaining oversight.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• high

  Christine Gorjanc, an existing board member, was appointed independent Board Chair, separating the Chair role from executive management and enhancing board independence.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• medium

  Lorrain's time-based restricted stock awards were amended to continue vesting during his board service, preserving his equity compensation despite stepping down from the executive role.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →