Old Dominion Freight Line Announces Board Change; Elects Worthing Jackman

What Happened

• On September 22, 2026, Old Dominion Freight Line, Inc. (ODFL) filed an 8-K reporting that director John D. Kasarda, Ph.D. retired from the Board effective immediately (not due to any disagreement with the company). The Board elected Worthing F. Jackman as a director effective the same date.

Key Details

• Effective date: September 22, 2026 (retirement and election).
• New director: Worthing F. Jackman, age 62; deemed independent under Nasdaq rules.
• Committee assignments: Governance and Nomination Committee; Talent and Compensation Committee.
• Compensation: pro rata share of the $110,000 annual cash retainer and a pro rata portion of the annual restricted stock award valued at $172,000.
• Background: Mr. Jackman was CEO of Waste Connections, Inc. (July 2019–Apr 2023); previously President, CFO, and VP Finance & Investor Relations at WCI. He serves on boards of Quanta Services, Inc. and WillScot Holdings Corporation.
• No arrangements, family relationships, or reportable related-party transactions were disclosed in connection with his election.

Why It Matters

• Board composition and independence affect corporate governance oversight. ODFL replaced a retiring director with a Nasdaq‑independent director who brings executive and board experience in large service companies.
• The filing confirms continuity (no disputes) and discloses the standard non‑employee director compensation pro rata for a mid‑term appointment, which is relevant to governance and shareholder oversight.