ArcBest Appoints New Directors, One Departs Board
Ticker: ARCB · Form: 8-K · Filed: Jul 18, 2024 · CIK: 894405
| Field | Detail |
|---|---|
| Company | Arcbest CORP /De/ (ARCB) |
| Form Type | 8-K |
| Filed Date | Jul 18, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $575,000, $600,000, $400,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, management-changes
Related Tickers: ARCB
TL;DR
ArcBest's board got shaken up: Newberry out, Smith & Storch in, effective yesterday.
AI Summary
ArcBest Corporation announced on July 18, 2024, that effective July 17, 2024, Michael E. Newberry resigned from the Board of Directors. Concurrently, the company appointed two new directors, Michael J. Smith and David L. Storch, to the Board. These changes are effective immediately.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future decision-making.
Risk Assessment
Risk Level: low — The filing reports routine board changes and does not indicate any financial distress or significant operational issues.
Key Players & Entities
- ArcBest Corporation (company) — The company filing the report.
- Michael E. Newberry (person) — Director who resigned from the Board.
- Michael J. Smith (person) — Newly appointed Director.
- David L. Storch (person) — Newly appointed Director.
- July 18, 2024 (date) — Date of the report.
- July 17, 2024 (date) — Effective date of the board changes.
FAQ
Who resigned from ArcBest Corporation's Board of Directors?
Michael E. Newberry resigned from the Board of Directors.
When was Michael E. Newberry's resignation effective?
Michael E. Newberry's resignation was effective July 17, 2024.
Who were appointed as new directors to ArcBest Corporation's Board?
Michael J. Smith and David L. Storch were appointed as new directors.
What is the filing date of this 8-K report?
The filing date of this 8-K report is July 18, 2024.
What is the principal executive office address for ArcBest Corporation?
The principal executive office address for ArcBest Corporation is 8401 McClure Drive, Fort Smith, Arkansas 72916.
Filing Stats: 882 words · 4 min read · ~3 pages · Grade level 11.3 · Accepted 2024-07-18 09:12:46
Key Financial Figures
- $0.01 — ange on which registered Common Stock $0.01 Par Value ARCB Nasdaq Indicate by
- $575,000 — r will receive an annual base salary of $575,000 per year and will continue to participa
- $600,000 — term cash incentive opportunity will be $600,000 (or such other amount as may be determi
- $400,000 — an equity grant with a target value of $400,000 (or such other amount as may be determi
Filing Documents
- arcb-20240717x8k.htm (8-K) — 48KB
- arcb-20240717xex99d1.htm (EX-99.1) — 14KB
- arcb-20240717xex99d1001.jpg (GRAPHIC) — 8KB
- 0001558370-24-009876.txt ( ) — 193KB
- arcb-20240717.xsd (EX-101.SCH) — 3KB
- arcb-20240717_lab.xml (EX-101.LAB) — 15KB
- arcb-20240717_pre.xml (EX-101.PRE) — 10KB
- arcb-20240717x8k_htm.xml (XML) — 5KB
01 – REGULATION FD DISCLOSURE
ITEM 7.01 – REGULATION FD DISCLOSURE On July 18, 2024, the Company issued a press release announcing Mr. Runser's and Mr. Godfrey's appointments. A copy of this press release is furnished as Exhibit 99.1 to this report and incorporated into this Item 7.01 by reference. The information furnished in this Item 7.01 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibit No. Description of Exhibit 99.1* Press release of ArcBest dated July 18, 202 4 104 Cover Page Interactive Data File – The cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. *Furnished herewith .
Signatures
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. ARCBEST CORPORATION (Registrant) Date: July 18, 2024 /s/ Michael R. Johns Michael R. Johns Chief Legal Officer and Corporate Secretary