On November 2, 2020, Landstar System, Inc. announced that L. Kevin Stout, Chief Financial Officer of the Company, will step down from his current position effective immediately, to serve as Special Advisor to the Chief Executive Officer of the Company until the anticipated end of his employment with the Company in December 2021. James B. Gattoni, President and Chief Executive Officer of the Company (and previously Chief Financial Officer of the Company from 2007 to 2014), will serve as principal financial officer of the Company until a successor to Mr. Stout is named.