SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 8, 2014
YRC Worldwide Inc.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of
10990 Roe Avenue
Overland Park, Kansas 66211
(Address of principal executive office)(Zip Code)
(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
||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)) |
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
Election of Director
On July 8, 2014, the Board of Directors (the Board) of YRC Worldwide Inc. (the Company) approved the appointment
of William R. Davidson as a director. Pursuant to its director appointment rights as the holder of the Companys Series A Voting Preferred Stock, par value $1.00 per share, the International Brotherhood of Teamsters (IBT) selected
William R. Davidson as one of the IBT director representatives.
The Company and Mr. Davidson will enter into the Companys
standard form of indemnification agreement for directors and officers, a copy of which was previously filed as Exhibit 10.5 to the Companys Current Report on Form 8-K filed on March 15, 2007 and is incorporated herein by reference.
The Board of Directors has not yet determined the committees of the Board to which Mr. Davidson will be named.
Mr. Davidson will receive cash and equity compensation under the same Director Compensation Plan (the Plan) as the other
non-employee directors. Pursuant to the Plan, he will receive an annual cash retainer of $75,000, paid quarterly. In addition, Mr. Davidson will receive a grant of restricted stock units equal to $100,000 divided by the 30-day average closing
price of our common stock on the grant date (Annual RSU Grant), which grant date shall be the first business day following the date of each annual meeting of stockholders, payable in advance for the ensuing Board term. Further,
Mr. Davidson will receive an Annual RSU Grant for the 2014-2015 Board term.
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.|
||/s/ Michelle A. Friel|
Michelle A. Friel
Executive Vice President,
General Counsel and Secretary
Date: July 11, 2014