Barr Blanton
LANDSTAR SYSTEMAbout Barr Blanton
Barr Blanton (age 42) is an independent director appointed to Landstar System’s Board effective October 31, 2025. He is CEO and a director of Crosslake Technologies; previously a McKinsey & Company partner and Charlotte office managing partner focused on transformation and private equity advisory. He holds a BS from Wake Forest University and an MBA from Duke University .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| McKinsey & Company | Partner; Managing Partner, Charlotte office; Transformation & Private Equity practices | ~2012–Feb 2021 | Led transformation programs and PE advisory for F500 and portfolio companies |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Crosslake Technologies | Chief Executive Officer; Director | Feb 2021–present | Tech diligence and advisory for PE firms and portfolio companies |
| MOXFIVE | Director | Not disclosed | Cybersecurity firm focused on incident response and forensics |
Board Governance
- Independence: The Board determined Blanton satisfies SEC and NASDAQ independence requirements and is “financially literate,” eligible for Audit, Compensation, Corporate Governance/Nominating & Sustainability, Safety & Risk, and Strategic Planning Committees .
- Committee assignments: Audit; Compensation; Corporate Governance/Nominating & Sustainability; Safety & Risk; Strategic Planning (not designated as chair) .
- Board structure and engagement: Landstar’s Board has a non-executive Chair; all key committees are comprised solely of independent directors; independent directors meet in executive session; internal audit reports to Audit Committee . In 2024, the Board held nine meetings; each then-current director attended ≥75% of Board/committee meetings; all directors attended the 2024 annual meeting . Blanton joined after FY2024; his attendance record is not yet applicable.
- Board expansion and refreshment: On appointment, Board size expanded from eight to ten, adding Blanton and Melanie Housey Hart; both terms expire at the 2026 annual meeting .
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual retainer (cash) | $100,000 | Payable quarterly; Blanton will receive a pro-rated payment for days of service in Q4 2025 . |
| Committee membership fees | $0 | Landstar does not pay additional committee or chair fees to independent directors; only non-executive Chair receives an additional fee . |
| Non-executive Chair fee | $50,000 | Applies to Chair role (Diana M. Murphy); not applicable to Blanton . |
| Meeting fees | $0 | No per-meeting fees; expenses reimbursed . |
Performance Compensation
| Metric | Plan | Target/Outcome |
|---|---|---|
| N/A for directors | Directors Stock Compensation Plan | Independent directors receive time-based restricted stock, not performance-based (no PSUs/options tied to revenue/EBITDA/TSR for directors) . |
Other Directorships & Interlocks
| Company | Relationship to LSTR | Potential Interlock/Conflict |
|---|---|---|
| Crosslake Technologies (CEO/Director) | Unrelated tech advisory provider | No Landstar-related party transactions disclosed in appointment filing . |
| MOXFIVE (Director) | Unrelated cybersecurity firm | No Landstar-related party transactions disclosed in appointment filing . |
Expertise & Qualifications
- Technology and cybersecurity leadership (CEO of a tech diligence firm; board role at MOXFIVE) aligning with Safety & Risk Committee oversight of cyber risk .
- Transformation and private equity advisory experience supporting strategic planning and capital allocation oversight .
- Financial literacy and eligibility for Audit Committee service .
- Education: BS (Wake Forest); MBA (Duke) .
Equity Ownership
| Category | Amount | Notes |
|---|---|---|
| Beneficial ownership (initial) | 0 shares | Form 3 filed Nov 3, 2025 states “No securities are beneficially owned” . |
| Ownership % of outstanding | 0.000% | Shares outstanding were 34,946,479 as of Mar 21, 2025 ; initial ownership is zero . |
| Restricted stock grant (entry) | Grant valued at $80,959 | Directors Stock Plan prorated award equals $80,959 divided by fair market value on Oct 31, 2025, rounded to nearest whole share; grant date is Oct 31, 2025 . |
| Hedging/pledging | Prohibited | Company policy prohibits hedging and pledging by directors . |
| Director ownership guideline | 5x annual cash fee within 5 years | Applies to all directors; Blanton is subject to guideline timing from initial election . |
Fixed Compensation (Director Equity Details)
| Grant Type | Grant Date | Shares/Value | Vesting |
|---|---|---|---|
| Restricted Stock (prorated) | Oct 31, 2025 | $80,959 ÷ FMV per share (rounded to whole shares) | Per Directors Stock Plan; time-based; typical independent director grants vest at next annual meeting following grant . |
Insider Trades and Filings
| Date | Filing | Key Details |
|---|---|---|
| Nov 3, 2025 | Form 3 (Initial Statement of Beneficial Ownership) | Reports “No securities are beneficially owned”; relationship: Director; event date 10/31/2025 . |
Governance Assessment
- Positives: Independent status; financially literate; immediate assignment to all major committees strengthens board capacity. Technology/cyber expertise is additive to Safety & Risk oversight (which includes cybersecurity and AI-related risks) . Board refreshment expanded membership to 10, signaling ongoing succession planning .
- Alignment: Director equity grant under the Directors Stock Plan and 5x-fee ownership guideline drive alignment; hedging/pledging prohibited, reducing misalignment risk .
- Engagement: Board’s governance framework features executive sessions of independent directors and robust committee structures; 2024 meeting cadence was high, suggesting strong board engagement; Blanton’s attendance not yet reported given late-2025 appointment .
- Watch items / RED FLAGS:
- Initial zero share ownership (common at appointment); monitor progress toward ownership guideline within the five-year window .
- 2025 say‑on‑pay failed (15,217,090 for; 16,993,183 against), indicating investor dissatisfaction with executive compensation; as a Compensation Committee member, Blanton will operate amid heightened scrutiny and should prioritize responsiveness to shareholder feedback .
- Conflicts/related-party: Appointment disclosures indicate independence and eligibility for committees; no related‑party transactions or loans were disclosed in the 8‑K. His external roles (Crosslake, MOXFIVE) are unrelated to Landstar; continue monitoring for any future business dealings to avoid conflicts .
Notes on Landstar Director Compensation Framework (context)
- Independent directors receive $100,000 annual cash fee; non‑executive Chair receives $50,000 additional; no meeting or committee chair fees; annual director equity grants are restricted stock that typically vest at the next annual meeting . Blanton’s entry‑year grant was prorated at $80,959, consistent with the plan’s formula .