Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 25, 2023, Greg C. Gantt, President and Chief Executive Officer of Old
Dominion Freight Line, Inc. (the "Company") and a member of the Company's Board
of Directors (the "Board"), notified the Company of his intention to retire from
his positions as President and Chief Executive Officer of the Company, effective
June 30, 2023. In connection with Mr. Gantt's retirement, the Board, upon the
recommendation of the Board's Governance and Nomination Committee, elected and
appointed Kevin M. ("Marty") Freeman, currently Executive Vice President and
Chief Operating Officer of the Company, to serve as President and Chief
Executive Officer of the Company, effective July 1, 2023. Mr. Gantt expects to
remain a member of the Board following his retirement.
Mr. Freeman, age 63, has served as the Company's Executive Vice President and
Chief Operating Officer since May 2018. He previously served as the Company's
Senior Vice President - Sales from January 2011 to May 2018 and Vice President
of Field Sales from May 1997 to December 2017. Mr. Freeman has 43 years of
experience in the transportation industry, and has held various positions in
sales and operations since joining the Company in February 1992. There are no
arrangements or understandings between Mr. Freeman and any other person pursuant
to which he was selected as an officer. Mr. Freeman does not have any family
relationship with any director or other executive officer of the Company or any
person nominated or chosen by the Company to become a director or executive
officer, and there are no transactions in which Mr. Freeman has a material
interest requiring disclosure under Item 404(a) of Regulation S-K.
Item 8.01 Other Events.
A copy of the press release issued by the Company, dated January 31, 2023,
describing the leadership succession described above is attached hereto as
Exhibit 99.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit No. Description
99.1 Press Release dated January 31, 2023
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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OLD DOMINION FREIGHT LINE, INC. 
