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EX-99.1 - EX-99.1 - ARCBEST CORP /DE/a11-6458_1ex99d1.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549-1004

 

FORM 8-K/A

 

(Amendment No. 1)

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): February 22, 2011 (November 26, 2010)

 

ARKANSAS BEST CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware

(State or other

jurisdiction of incorporation)

 

0-19969

(Commission File Number)

 

71-0673405

(IRS Employer

Identification Number)

 

3801 Old Greenwood Road

Fort Smith, Arkansas

(Address of principal executive offices)

 

72903

(Zip Code)

 

Registrant’s telephone number, including area code:  (479) 785-6000

 

Not Applicable

(Former name or former address, if changed since last report.)

 

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:

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Explanatory Note

 

This Current Report on Form 8-K/A amends and restates in its entirety the Current Report on Form 8-K for Arkansas Best Corporation (the “Company”), which was originally filed with the Securities and Exchange Commission on January 18, 2011 (the “Original 8-K”), to amend the delivery date of the notice of the Blackout Period (as defined below), to attach a copy of the notice of the Blackout Period as an exhibit, and to disclose that the Blackout Period occurred during a period when the trading window under the Company’s Insider Trading Policy was closed.  Except to the extent expressly set forth herein, this Current Report on Form 8-K/A speaks as of the filing date of the Original 8-K.

 

Item 5.04 Temporary Suspension of Trading Under Registrant’s Employee Benefit Plans.

 

On November 26, 2010, Arkansas Best Corporation (the “Company”) received a notice from the Plan Administrator of the Arkansas Best Corporation 401(k) and DC Retirement Plan (the “Plan”) notifying the Company of a blackout period under the Plan, pursuant to Section 101(i)(2)(E) of the Employee Retirement Income Security Act of 1974, as amended. The blackout period began at 4:00 PM Eastern Time on December 28, 2010 and ended at approximately 1:00 PM Eastern Time on January 14, 2011 (the “Blackout Period”). The Blackout Period was required due to a change in the recordkeepers for the Plan, from Fidelity Investments to Diversified Investment Advisors. During the Blackout Period, participants in the Plan were temporarily unable to direct or diversify investments under the Plan, or obtain a loan or distribution from the Plan.

 

On February 17, 2011, the Company sent a notice to its directors and executive officers informing them of the Blackout Period, pursuant to Section 306 of the Sarbanes-Oxley Act of 2002 and Section 104 of Regulation BTR under the Securities Exchange Act of 1934, as amended.  During the Blackout Period the Company’s directors and executive officers were prohibited from trading in the Company’s common stock (including with respect to derivatives).  The Blackout Period occurred during a period when the trading window under the Company’s Insider Trading Policy was closed.  Each of the Company’s directors, executive officers and other employees subject to the Company’s Insider Trading Policy was advised in writing that the trading window for the fourth quarter of 2010 ended effective November 30, 2010 at midnight and that such trading window remained closed until February 8, 2011.  Accordingly, the Blackout Period applicable to the Plan occurred entirely within a period when trading in the Company’s stock was prohibited by the Company’s Insider Trading Policy.

 

A copy of the notice to the Company’s directors and executive officers informing them of the Blackout Period is attached hereto as Exhibit 99.1 and is incorporated herein by reference. During the Blackout Period and for a period of two years after the ending date of the Blackout Period, stockholders or other interested parties may obtain, without charge, information regarding the Blackout Period by contacting Erin Gattis, Chief of Staff, Arkansas Best Corporation, 3801 Old Greenwood Road, Fort Smith, Arkansas 72903, or by telephone at (479) 785-6000.

 

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Item 8.01   Other Events.

 

On January 18, 2011, Arkansas Best Corporation’s (Nasdaq: ABFS) largest subsidiary, ABF Freight System, Inc. (ABF) filed an appeal to the United States Court of Appeals for the Eighth Circuit (St. Louis) from the December 20, 2010, decision of the United States District Court for the Western District of Arkansas dismissing the lawsuit filed by ABF in November, 2010, Case 2:10-cv-02165-SWW ABF Freight System, Inc. v. International Brotherhood of Teamsters (IBT) and various other parties.

 

Item 9.01 Financial Statements and Exhibits.

 

(d)

 

Exhibits.

 

 

 

99.1

 

Notice to Directors and Executive Officers dated February 17, 2011.

 

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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 hereunto duly authorized.

 

 

 

 

ARKANSAS BEST CORPORATION

 

 

(Registrant)

 

 

 

 

 

 

Date:

February 22, 2011

 

/s/ Michael R. Johns

 

 

Michael R. Johns,

 

 

Vice President — General Counsel and

 

 

Corporate Secretary

 

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EXHIBIT INDEX

 

Exhibit
No.

 

Description of Exhibit

 

 

 

99.1

 

Notice to Directors and Executive Officers dated February 17, 2011.

 

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