• Hub Group audit committee concluded May 11, 2026 that audited consolidated financial statements for years ended Dec. 31, 2024 and 2023 were materially misstated, triggering a Form 8-K non-reliance notice.
• Prior filings, earnings releases, investor presentations, or similar communications describing those results should no longer be relied upon.
• Review under audit committee direction identified transactions recognized prematurely or incorrectly, or lacking adequate support; additional accounting issues remain under review.
• Company expects to conclude disclosure controls and internal control over financial reporting were not effective for 2024 and 2023; remediation assessment underway.
• Ernst & Young discussed matter with management and audit committee.

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