Filing Analysis
Radiant Logistics, Inc. has entered into an Amended and Restated Credit Agreement to establish a $200 million syndicated revolving credit facility. The agreement includes a $100 million accordion feature intended to fund future acquisitions.
🚩 Red Flags
- The facility is collateralized by substantially all personal property assets, including accounts receivable (standard for micro-cap debt but increases risk to equity holders).
📋 Key Facts
- Entered into a $200.0 million syndicated, revolving credit facility on August 7, 2026.
- Facility matures on August 7, 2031 (5-year term).
- Includes a $100 million accordion feature to support future acquisition opportunities.
- Collateralized by a first-priority security interest in substantially all personal property assets and capital stock of domestic/Canadian subsidiaries.
- Interest rates are tied to Lenders' base rate or Term SOFR, ranging from +0.475% to +2.125% depending on consolidated net leverage ratio.
- Financial covenants include a maximum consolidated net leverage ratio of 3.00x and a minimum consolidated interest coverage ratio of 3.00x.
Radiant Logistics, Inc. reported the results of its annual meeting of stockholders held on November 13, 2025. The filing details the election of four directors and the ratification of independent auditors.
📋 Key Facts
- Annual meeting held on November 13, 2025.
- Elected Bohn H. Crain, Richard P. Palmieri, Michael Gould, and Kristin E. Toth to the Board of Directors until the 2026 annual meeting.
- Stockholders ratified Baker Tilly US, LLP as independent auditor for fiscal year 2026.
- Approved executive compensation on an advisory basis (Say-on-Pay).
- Approved a 1-year frequency for future advisory votes on executive compensation.
Radiant Logistics, Inc. has authorized a new share repurchase program for up to five million shares of common stock. The program is scheduled to remain in effect through December 31, 2027.
📋 Key Facts
- Board authorization for the repurchase of up to 5,000,000 shares of common stock.
- Repurchase period extends through December 31, 2027.
- As of November 14, 2025, there were 46,873,197 shares outstanding.
- The program timing and extent are subject to market conditions.
Radiant Logistics, Inc. filed an 8-K to furnish its quarterly earnings press release for the three months ended September 30, 2025. The filing includes non-GAAP financial measures such as Adjusted EBITDA and Adjusted Net Income.
📋 Key Facts
- Report date: November 10, 2025
- Reporting period: Three months ended September 30, 2025
- The filing includes non-GAAP financial measures including adjusted gross profit, adjusted net income, EBITDA, and adjusted EBITDA margin.
- Exhibit 99.1 contains the full press release and reconciliation of non-GAAP to GAAP measures.
Radiant Logistics, Inc. issued an 8-K to announce its financial results for the three and twelve months ended June 30, 2025. The filing includes non-GAAP financial measures such as Adjusted EBITDA and Adjusted Net Income.
📋 Key Facts
- Report date: September 15, 2025
- Reporting period: Three and twelve months ended June 30, 2025
- The company provided non-GAAP financial measures including adjusted gross profit, adjusted net income, EBITDA, and adjusted EBITDA margin.
- Exhibit 99.1 contains the full press release with reconciliations of non-GAAP to GAAP measures.
Radiant Logistics, Inc. announced the date for its 2025 Annual Meeting of Stockholders, scheduled for November 13, 2025.
📋 Key Facts
- The 2025 Annual Meeting will be held on Thursday, November 13, 2025, at 9:00 a.m. PT.
- Record date for voting eligibility is the close of business on September 23, 2025.
- Stockholder proposals must be submitted by written notice to the corporate secretary by September 24, 2025.
- Director nominations must be submitted by written notice to the corporate secretary by September 14, 2025.
Radiant Logistics, Inc. is reporting a change in its independent auditor following the merger of Moss Adams LLP with Baker Tilly US, LLP. The company has appointed Baker Tilly as its successor auditor effective June 3, 2025.
🚩 Red Flags
- Historical material weaknesses in revenue recording/processing (FY 2024) and IT general controls (FY 2023).
📋 Key Facts
- Moss Adams LLP merged with Baker Tilly US, LLP on June 3, 2025.
- Baker Tilly US, LLP is the successor independent registered public accounting firm.
- The company confirmed no disagreements with Moss Adams regarding accounting principles or auditing procedures.
- Prior audit reports for fiscal years ended June 30, 2024, and 2023 contained no adverse or qualified opinions.
Radiant Logistics, Inc. announced the resignation of Moss Adams LLP as its independent auditor following Moss Adams' merger with Baker Tilly US, LLP. The Audit Committee has appointed Baker Tilly US, LLP as the successor auditor.
🚩 Red Flags
- Historical material weaknesses in revenue recording/processing (FY 2023 and FY 2024) and IT general controls (FY 2023).
📋 Key Facts
- Moss Adams LLP resigned effective June 3, 2025, due to a merger with Baker Tilly US, LLP.
- Baker Tilly US, LLP has been appointed as the successor independent registered public accounting firm.
- The company confirmed no disagreements with Moss Adams regarding accounting principles or auditing procedures.
- The change was triggered by a corporate merger of the audit practice rather than an internal dispute.
Radiant Logistics, Inc. filed an 8-K to announce its financial results for the three and nine months ended March 31, 2025. The filing includes a press release containing both GAAP and non-GAAP financial measures.
📋 Key Facts
- Reporting period: Three and nine months ended March 31, 2025.
- Filing date: May 12, 2025.
- The company provided non-GAAP financial measures including adjusted gross profit, adjusted net income, EBITDA, adjusted EBITDA, and adjusted EBITDA margin.
- Financial results were furnished via press release (Exhibit 99.1) rather than filed.
Radiant Logistics, Inc. filed an 8-K to announce its financial results for the three and six months ended December 31, 2024. The filing includes a press release containing both GAAP and non-GAAP financial measures.
📋 Key Facts
- Report date: February 10, 2025
- Reporting period: Three and six months ended December 31, 2024
- The company provided non-GAAP financial measures including adjusted gross profit, adjusted net income, EBITDA, adjusted EBITDA, and adjusted EBITDA margin.
- Exhibit 99.1 contains the full press release and reconciliation of non-GAAP to GAAP measures.
Radiant Logistics, Inc. reported the results of its annual meeting of stockholders held on November 15, 2024. The filing details the election of four directors and the ratification of the company's independent auditor.
📋 Key Facts
- Annual meeting held on November 15, 2024.
- Four directors elected: Bohn H. Crain, Richard P. Palmieri, Michael Gould, and Kristin E. Toth to serve until the 2025 annual meeting.
- Stockholders ratified Moss Adams, LLP as independent auditor for the 2025 fiscal year with 43,278,555 votes in favor.
- Stockholders approved executive compensation on an advisory basis (Say-on-Pay) with 36,974,256 votes in favor.
- Total shares outstanding as of the record date: 46,844,047.
Radiant Logistics, Inc. filed an 8-K to furnish its quarterly earnings press release for the three months ended September 30, 2024. The filing includes non-GAAP financial measures such as Adjusted EBITDA and Adjusted Net Income.
📋 Key Facts
- Report date: November 12, 2024
- Reporting period: Three months ended September 30, 2024
- The filing includes non-GAAP financial measures including adjusted gross profit, adjusted net income, EBITDA, and adjusted EBITDA margin.
- Exhibit 99.1 contains the full press release with GAAP to non-GAAP reconciliations.
Radiant Logistics, Inc. filed an 8-K to furnish its financial results for the three and twelve months ended June 30, 2024. The filing includes a press release containing both GAAP and non-GAAP financial measures.
📋 Key Facts
- Reporting period: Three and twelve months ended June 30, 2024.
- Filing date: September 12, 2024.
- Includes non-GAAP measures: adjusted gross profit, adjusted net income, EBITDA, adjusted EBITDA, and adjusted EBITDA margin.
- The information in Item 2.02 is furnished but not filed for purposes of Section 18 of the Exchange Act.
Radiant Logistics, Inc. announced the date and logistics for its 2024 Annual Meeting of Stockholders. The meeting is scheduled for November 15, 2024, with a record date for voting set for September 23, 2024.
📋 Key Facts
- Annual Meeting Date: Friday, November 15, 2024, at 9:00 a.m. PT.
- Record Date for Stockholders: Close of business on September 23, 2024.
- Deadline for Director Nominations notice: September 16, 2024 (60 days prior to meeting).
- Deadline for Stockholder Proposals notice: September 26, 2024 (50 days prior to meeting).
Radiant Logistics, Inc. issued an 8-K to furnish its quarterly earnings press release for the three and nine months ended March 31, 2024. The filing includes non-GAAP financial measures such as Adjusted EBITDA and Adjusted Net Income.
📋 Key Facts
- Reporting period: Three and nine months ended March 31, 2024.
- Filing date: May 9, 2024.
- The company utilized non-GAAP financial measures including adjusted gross profit, adjusted net income, EBITDA, adjusted EBITDA, and adjusted EBITDA margin.
- Financial results were furnished via press release (Exhibit 99.1) rather than filed for liability purposes under Section 18.
Radiant Logistics, Inc. reported a cybersecurity incident affecting its Canadian operations detected on or about March 14, 2024. While the company has isolated the affected systems and expects recovery to be largely complete within a week, service delays have occurred for Canadian customers.
🚩 Red Flags
- Potential for long-term adverse impact on customers in Canada despite current containment.
- Uncertainty regarding whether disruption could spread to other regions outside of Canada.
- Risk of substantial expenses or ransom payments despite existing cybersecurity insurance coverage.
📋 Key Facts
- Cybersecurity incident detected on/about March 14, 2024, specifically impacting Canadian operations.
- Company proactively isolated Canadian operations from the rest of its network to contain unauthorized activity.
- Service delays reported for customers in Canada; U.S. and other international operations remain undisrupted.
- Forensics professionals have been engaged to assess, contain, and remediate the incident.
- As of March 20, 2024, management does not believe the incident is reasonably likely to materially impact overall financial conditions or results of operations.
Radiant Logistics, Inc. filed an 8-K to furnish its financial results for the three and six months ended December 31, 2023. The filing includes a press release containing both GAAP and non-GAAP financial measures.
📋 Key Facts
- Report date: February 08, 2024
- Reporting period: Three and six months ended December 31, 2023
- The company provided non-GAAP metrics including adjusted gross profit, adjusted net income, EBITDA, adjusted EBITDA, and adjusted EBITDA margin
- Financial results were furnished via Exhibit 99.1