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): June 11, 2018
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 offices)(Zip Code)
(Registrants telephone number, including area code)
(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:
|☐||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))|
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 Arrangement of Certain Officers.|
James Welch Consulting Agreement
On June 11, 2018, in furtherance of the previously-announced Chief Executive Officer succession plan and as a continuation of his current senior advisory role with YRC Worldwide Inc. (the Company), the Company entered into an agreement with James L. Welch for him to provide consulting services to the Company commencing immediately upon his retirement which is expected to occur on July 31, 2018. The consulting agreement will become effective on August 1, 2018 and will terminate on July 31, 2019 unless extended by mutual agreement of the parties. Mr. Welch will be paid $150,000 per annum as an independent contractor for his services. The Company believes that it is in the best interests of the Company and its shareholders that the Company continue to avail itself of Mr. Welchs expertise and experience in the freight transportation industry, particularly the less-than-truckload segment.
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/ James A. Fry
James A. Fry
Vice President, General Counsel and Secretary
Date: June 15, 2018