Release Date: 31 August 2006
Release ID: 791
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) announced today that its Board of Directors met on Wednesday, August 23, 2006 to elect Gary Charles George to its Board.
Mr. George, age 56, is Vice Chairman and Chief Executive Officer of George's Inc., a private, fully-integrated poultry company in Northwest Arkansas. A graduate of the University of Arkansas, with a major in Business Administration, he currently serves as Chairman of the Board for Legacy National Bank and on the Board of Directors for the National Chicken Council. He has been a member of the Board of Trustees for the University of Arkansas from 1995 through 2005, serving as Chairman of the Board of Trustees for the last year. He has also served as Chairman of the Board of Directors for the First National Bank of Springdale from 2002 to 2003 and as a Director of the First National Bank of Springdale from 1978 - 2001. Preceding board memberships have included the Arkansas Poultry Federation, the Northwest Arkansas Radiation Therapy Institute, the American Egg Board and the Southeastern Poultry & Egg Association.
Mr. George replaces board member Thomas L. Hardeman, who passed away suddenly on August 20, 2006. Mr. Hardeman's unexpected death, combined with the recent retirement of another independent director, left the Company temporarily out of compliance with Marketplace Rule 4350(c)(1) which requires the majority of the Company's Board be comprised of independent directors. NASDAQ acknowledges that with the election of Mr. George, the Company has regained compliance with the Rule and the matter was closed.
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