DOWNERS GROVE, Ill., May 23, 2005 /PRNewswire-FirstCall via COMTEX/ — Hub Group, Inc.
(Nasdaq: HUBG) announced today that it has replaced the independent auditors
of the Hub Group Employee Profit Sharing and Trust Plan (the “Plan”).
On February 8, 2005, the Plan retained Crowe Chizek and Company LLC as its
new independent auditors for the Plan, replacing Grant Thornton LLP. Crowe
Chizek and Company LLC will audit the financial statements of the Plan
beginning with its fiscal year ended December 31, 2004.
The Company has not changed its principal accountant to audit the Hub
Group, Inc. financial statements. The Company has again retained Ernst &
Young, LLP to audit its 2005 financial statements. The change in auditors
described above relates only to the audit of the Plan. The Plan is a 401(k)
plan qualified under Section 401(a) of the Internal Revenue Code of 1986, as
The Company will file a Current Report on Form 8-K with the Securities and
Exchange Commission describing this change in Plan auditors.
ABOUT HUB GROUP: Hub Group, Inc. is a leading non-asset based freight
transportation management company providing comprehensive intermodal,
truckload brokerage and logistics and distribution services. The Company
operates through a network of over 30 offices throughout the United States,
Canada and Mexico.
CERTAIN FORWARD-LOOKING STATEMENTS: Statements in this press release that
are not historical, including statements about Hub Group’s or management’s
intentions, beliefs, expectations, representations, projections, plans or
predictions of the future, are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements are inherently uncertain and subject to risks. Such statements
should be viewed with caution. Actual results or experience could differ
materially from the forward-looking statements as a result of many factors.
Factors that could cause actual results to differ materially include the
factors listed from time to time in Hub Group’s SEC reports including, but not
limited to, the annual report on Form 10-K for the year ended December 31,
2004 and the report on Form 10-Q for the period ended March 31, 2005. Hub
Group assumes no liability to update any such forward-looking statements.
SOURCE Hub Group, Inc.
Amy Lisek of Hub Group, Inc., +1-630-795-2214