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1 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) March 14, 1995 YELLOW CORPORATION (Exact name of registrant as specified in its charter) Delaware 0-12255 48-0948788 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 10777 Barkley, P. O. Box 7563, Overland Park, Kansas 66207 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (913) 967-4300 No Changes. (Former name or former address, if changed since last report.) 2 Item 5. Other Events On March 14, 1995, Yellow Corporation (the company) announced that its Board of Directors voted not to renew the company's Share Purchase Rights Plan upon the Plan's scheduled expiration in 1996. The Plan is commonly known as a "Poison Pill" and was intended to deter abusive takeover tactics. The decision was made in response to general criticism of such plans from large institutional shareholders. Additionally, the takeover environment has changed significantly since the Plan was implemented in 1986 and the risk that the company could be the target of abusive takeover tactics is substantially reduced. SIGNATURE 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. YELLOW CORPORATION --------------------------------- (Registrant) Date: March 21, 1995 /s/ Phillip A. Spangler --------------------------------- Phillip A. Spangler Vice President and Treasurer