ArcBest Corp Elects New Directors, Files Ethics Amendment
Ticker: ARCB · Form: 8-K · Filed: Nov 4, 2024 · CIK: 894405
| Field | Detail |
|---|---|
| Company | Arcbest CORP /De/ (ARCB) |
| Form Type | 8-K |
| Filed Date | Nov 4, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $22,916.67, $438,000, $330,000, $220,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, board-changes, ethics
Related Tickers: ARCB
TL;DR
ArcBest adds 2 directors, updates ethics code, files financials.
AI Summary
ArcBest Corporation announced on October 29, 2024, a change in its board of directors, with the election of two new directors, Michael J. McEvoy and David L. Storch. The company also reported on compensatory arrangements for its officers. Additionally, ArcBest filed an amendment to its Code of Ethics and submitted financial statements and exhibits.
Why It Matters
Changes in the board of directors can signal shifts in company strategy or governance, while updates to the code of ethics reflect ongoing compliance efforts.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance and reporting matters, with no immediate financial distress or significant operational changes indicated.
Key Players & Entities
- ArcBest Corporation (company) — Registrant
- Michael J. McEvoy (person) — Newly elected director
- David L. Storch (person) — Newly elected director
- October 29, 2024 (date) — Date of earliest event reported
- November 4, 2024 (date) — Date of report
FAQ
Who were the newly elected directors to ArcBest Corporation's board?
Michael J. McEvoy and David L. Storch were elected as new directors to ArcBest Corporation's board.
What specific items were reported in this Form 8-K filing?
The filing reported on the departure/election of directors, appointment of officers, compensatory arrangements, amendments to the Code of Ethics, and financial statements and exhibits.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on October 29, 2024.
What is the state of incorporation for ArcBest Corporation?
ArcBest Corporation is incorporated in Delaware.
What is the principal executive office address for ArcBest Corporation?
The principal executive offices are located at 8401 McClure Drive, Fort Smith, Arkansas 72916.
Filing Stats: 1,055 words · 4 min read · ~4 pages · Grade level 12.6 · Accepted 2024-11-04 10:20:34
Key Financial Figures
- $0.01 — ange on which registered Common Stock $0.01 Par Value ARCB Nasdaq Indicate by
- $22,916.67 — the Agreement, Mr. Newcity will be paid $22,916.67 per month and be reimbursed for reasona
- $438,000 — i) an increase in annual base salary to $438,000, (ii) a target annual cash incentive op
- $330,000 — long-term cash incentive opportunity of $330,000 payable upon the attainment of certain
- $220,000 — an equity grant with a target value of $220,000 (or such other amount as may be determi
Filing Documents
- arcb-20241029x8k.htm (8-K) — 51KB
- arcb-20241029xex10d1.htm (EX-10.1) — 85KB
- 0001558370-24-014196.txt ( ) — 273KB
- arcb-20241029.xsd (EX-101.SCH) — 3KB
- arcb-20241029_lab.xml (EX-101.LAB) — 15KB
- arcb-20241029_pre.xml (EX-101.PRE) — 10KB
- arcb-20241029x8k_htm.xml (XML) — 5KB
05 – AMENDMENTS TO THE REGISTRANT'S CODE OF ETHICS, OR WAIVER OF A PROVISION OF THE CODE OF ETHICS
ITEM 5.05 – AMENDMENTS TO THE REGISTRANT'S CODE OF ETHICS, OR WAIVER OF A PROVISION OF THE CODE OF ETHICS. On October 29, 2024, upon the recommendation of the Audit Committee of the Board of Directors of the Company (the "Board"), the Board approved and adopted an amendment and restatement of the Company's Code of Conduct (as amended and restated, the "Code of Conduct"). The Code of Conduct became effective immediately upon adoption. The Code of Conduct was amended to, among other things, enhance and expand on our commitment to maintaining and promoting fundamental human rights and our policies regarding insider trading, corruption, bribery and political contributions. Adoption of the Code of Conduct did not result in any explicit or implicit waiver of any provision of the Code of Conduct. The foregoing description of the amendments to the Code of Conduct does not purport to be complete and is qualified in its entirety by reference to the full text of the Code of Conduct, a copy of which is available on the Company's website at https://investors.arcb.com/governance/governance-documents/ .
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibit No. Description of Exhibit 10.1 Form of Consulting Agreement by and between the Company and Michael E. Newcity 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.
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: November 4, 2024 /s/ Michael R. Johns Michael R. Johns Chief Legal Officer and Corporate Secretary