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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 30, 2023
EVO Transportation & Energy Services, Inc.
(Exact name of Registrant as Specified in Its Charter)
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Delaware |
000-54218 |
37-1615850 |
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
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2075 West Pinnacle Peak Rd. Suite 130, Phoenix, AZ |
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85027 |
(Address of Principal Executive Offices) |
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(Zip Code) |
Registrant’s Telephone Number, Including Area Code: 877-973-9191
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act: None
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Title of each class |
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Trading Symbol(s) |
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Name of each exchange on which registered |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
Appointment of James Faught
On August 30, 2023, EVO Transportation & Energy Services, Inc. (the “Company”) announced the appointment of James Faught as Chief Financial Officer of the Company, effective immediately.
Mr. Faught, age 42, has served in various accounting and finance roles within the transportation industry. From 2017 to 2022, he served at Yellow Corporation, which was a leading LTL carrier, most recently as Chief Accounting Officer. Prior to Yellow Corporation, he was the Director of Financial Planning and Analysis at Safe Fleet, a provider of fleet safety solutions, and served in various roles at Watco Companies, Renewable Energy Group and Deloitte. Mr. Faught is a certified public accountant and holds a MS in Accounting from the University of Texas at Dallas and a BS in Accounting from the University of Texas at Arlington.
There are no arrangements or understandings between Mr. Faught and any person pursuant to which Mr. Faught was appointed as Chief Financial Officer. There is no family relationship between Mr. Faught and any director or executive officer of the Company. There are no actual or proposed transactions between Mr. Faught or any of his related persons and the Company that would require disclosure under Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934, as amended.
Item 7.01 Regulation FD Disclosure.
On August 30, 2023, the Company issued a press release announcing the appointment of Mr. Faught as Chief Financial Officer of the Company. A copy of the press release is furnished as Exhibit 99.1 hereto. The information furnished in this Item 7.01, including Exhibit 99.1 hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, regardless of any general incorporation language in such filing, except as shall be expressly set forth by a specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Press release, dated as of August 30, 2023, of EVO Transportation & Energy Services, Inc.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Dated: August 30, 2023 |
By: |
/s/ Melinda Wang |
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Its: |
Executive Vice President, General Counsel and Secretary |
EVO Appoints James Faught as Chief Financial Officer
Phoenix, Arizona, August 30, 2023 – EVO Transportation & Energy Services, Inc. (“EVO”) (OTC: EVOA) today announced that James Faught has been named Chief Financial Officer, effective immediately.
From 2017 to 2022, Faught served at Yellow Corporation, which was a leading national LTL carrier, most recently as Chief Accounting Officer. Prior to Yellow, he was the Director of Financial Planning and Analysis at Safe Fleet, a provider of fleet safety solutions, and served in various roles at Watco Companies, Renewable Energy Group and Deloitte. Faught is a certified public accountant and holds a MS in Accounting from the University of Texas at Dallas and a BS in Accounting from the University of Texas at Arlington.
Michael Bayles, EVO’s Chief Executive Officer said, “EVO is excited to hire James Faught as its next Chief Financial Officer. James will continue to drive the transformation of EVO’s finance and accounting departments as we move towards a future equity uplisting and continue our evolution into a world class public trucking company. James will also be a key leader in helping develop and execute EVO’s new strategy of customer diversification and M&A. As EVO grows and adds other business outside of the USPS, James’s management experience in large public company environments will be invaluable.”
“I am thrilled to join EVO, a company that is focused on strategic growth, quality service and nationwide capabilities,” said Faught. “I look forward to working with the team during a pivotal point in EVO’s turnaround and to executing on the company’s priorities to accelerate growth.”
As Chief Financial Officer, Faught will oversee all financial reporting, treasury, accounting, planning and analysis functions for EVO.
About EVO
EVO is a dedicated trucking company whose primary customer is the United States Postal Service (USPS). With a fleet of over 900 power units and coast-to-coast operations, EVO’s operating philosophy is focused around providing high on-time service and an unrelenting commitment to safety. A roll-up of several legacy USPS suppliers, EVO’s strategy is now focused on customer diversification and M&A.
For more information, please visit www.evotransinc.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are based on EVO’s beliefs and assumptions and on information currently available to EVO on the date of this press release. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as “anticipate,”
“will,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan” and similar expressions and the negatives of those terms. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause EVO’s actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. Except as required by law, EVO assumes no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future. Further information on factors that could cause EVO’s actual results to differ materially from the results anticipated by EVO’s forward-looking statements is included in the reports EVO has filed with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2021. All information provided in this press release is as of the date hereof, and EVO undertakes no duty to update this information unless required by law.
Contact Information:
Michael Bayles
Chief Executive Officer
michael.bayles@evotransinc.com
2075 W. Pinnacle Peak Road, Suite 130
Phoenix, AZ 85027
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