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Share Name | Share Symbol | Market | Type |
---|---|---|---|
YRC Worldwide Inc | NASDAQ:YRCW | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.11 | 5.09 | 5.11 | 0 | 01:00:00 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 3, 2019
YRC Worldwide Inc.
(Exact name of registrant as specified in its charter)
Delaware | 0-12255 | 48-0948788 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number ) |
(IRS Employer Identification No.) |
10990 Roe Avenue
Overland Park, Kansas 66211
(Address of principal executive office)(Zip Code)
(913) 696-6100
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
||
Common Stock, $0.01 par value per share | YRCW | The NASDAQ Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Effective June 3, 2019, Thomas J. OConnor III, age 58, was appointed Chief Operating Officer of YRC Worldwide Inc. (the Company). Mr. OConnor will also continue to serve as the President of YRC Inc. (d/b/a YRC Freight), which role he has held since January 2018. Prior to that, Mr. OConnor served as President of USF Reddaway Inc. since 2007 and, before 2007, in various other positions with the Company since 1982.
Mr. OConnor received a salary increase to $625,000 per year in connection with his promotion. Mr. OConnor will continue to participate in the 2019 executive compensation program as disclosed in the proxy statement for the Companys 2019 annual stockholder meeting (the 2019 Executive Compensation Program). Key compensation components will include (i) base salary and (ii) performance equity-based compensation as long-term incentive compensation at 200% of base salary. In connection with Mr. OConnors promotion and participation under the 2019 Executive Compensation Program, on June 3, 2019, Mr. OConnor received 26,563 shares of restricted common stock under the 2019 Incentive and Equity Award Plan of which one-third will vest upon the Companys common stock achieving a 30-calendar day weighted-volume average stock price of $11.75 per share on or before December 31, 2020 (the Initial Vesting). The remaining two-thirds of the restricted stock will vest 12 months after the Initial Vesting.
Item 5.07 |
Submission of Matters to a Vote of Security Holders. |
The holders of our outstanding common stock and Series A Voting Preferred Stock voted together as a single class on all proposals at the Annual Meeting held June 5, 2019. Each share of common stock and Series A Voting Preferred Stock was entitled to one vote.
At the Annual Meeting, holders of our common stock and Series A Voting Preferred Stock voted on the following proposals:
Proposal 1
Each nominee under Proposal 1 was elected to the Board of Directors.
Director Nominees |
Number of Votes For | Number of Votes Withheld | Broker Non-Votes | |||
Raymond J. Bromark |
20,962,485 | 376,989 | 8,931,666 | |||
Matthew A. Doheny |
20,971,279 | 368,195 | 8,931,666 | |||
Robert L. Friedman |
20,937,332 | 402,142 | 8,931,666 | |||
Darren D. Hawkins |
20,990,665 | 348,809 | 8,931,666 | |||
James E. Hoffman |
20,971,292 | 368,182 | 8,931,666 | |||
Patricia M. Nazemetz |
20,717,255 | 622,219 | 8,931,666 | |||
James F. Winestock |
20,886,521 | 452,953 | 8,931,666 |
Proposal 2
The appointment of KPMG LLP as our independent registered public accounting firm for 2019 was ratified.
Number of Votes For |
Number of Votes Against |
Number of Votes Abstaining |
||
29,924,158 | 300,487 | 46,495 |
Proposal 3
The advisory vote on named executive officer compensation was approved.
Number of Votes For |
Number of Votes Against |
Number of Votes Abstaining |
Broker Non-Votes |
|||
20,452,247 | 845,214 | 42,013 | 8,931,666 |
Proposal 4
The approval of the YRC Worldwide Inc. 2019 Incentive and Equity Award Plan.
Number of Votes For |
Number of Votes Against |
Number of Votes Abstaining |
Broker Non-Votes |
|||
19,256,768 | 2,039,363 | 43,343 | 8,931,666 |
Item 8.01. |
Other Events. |
On June 6, 2019, the Company issued a press release announcing Mr. OConnors promotion. A copy of such press release is attached to this Current Report on Form 8-K as Exhibit 99.1.
Item 9.01 |
Financial Statements and Exhibits |
(d) Exhibits
Exhibit Number |
Description |
|
99.1 |
Press Release dated June 6, 2019 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
YRC WORLDWIDE INC. | ||
By: | /s/ Brianne L. Simoneau | |
Brianne L. Simoneau | ||
Vice President and Controller |
Date: June 6, 2019
1 Year YRC Worldwide Chart |
1 Month YRC Worldwide Chart |
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