UNITED STATES
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CURRENT REPORT
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On December 30, 2021, the Compensation Committee ("Committee") of the Board of Directors of GXO Logistics, Inc. (the “Company”) approved special one-time cash bonuses to the executive officers of the Company in respect of their individual contributions to the Company's successful spin-off from XPO Logistics, Inc. on August 2, 2021 (the "Spin-Off Bonuses"). The Committee approved the payment of individual Spin-Off Bonuses to (i) Malcom Wilson, the Company's Chief Executive Officer, in the amount of $1,500,000, (ii) Baris Oran, the Company's Chief Financial Officer, in the amount of $750,000, (iii) Maryclaire Hammond, the Company's Chief Human Resources Officer, in the amount of $350,000, (iv) Elizabeth Fogarty, the Company's Chief Communications Officer, in the amount of $100,000, and (v) Karlis Kirsis, the Company's Chief Legal Officer, in the amount of $500,000. The Spin-Off Bonuses are scheduled to be paid by January 14, 2022 in U.S. dollars, except for the payments to Messrs. Wilson and Kirsis and Ms. Hammond which will be paid in British pounds sterling.
SIGNATURE
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.
| Date: January 5, 2022 | GXO LOGISTICS, INC. | |
| By: | /s/ Baris Oran | |
| Baris Oran | ||
| Chief Financial Officer | ||