ArcBest Corp. Files Definitive Proxy Statement

Ticker: ARCB · Form: DEF 14A · Filed: Mar 15, 2024 · CIK: 894405

Arcbest CORP /De/ DEF 14A Filing Summary
FieldDetail
CompanyArcbest CORP /De/ (ARCB)
Form TypeDEF 14A
Filed DateMar 15, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$2 million, $1 million, $2 MILLION, $1 MILLION, $150,000
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, ArcBest Corp, Corporate Governance, Executive Compensation

TL;DR

<b>ArcBest Corp. has filed its Definitive Proxy Statement for the period ending April 26, 2024.</b>

AI Summary

ARCBEST CORP /DE/ (ARCB) filed a Proxy Statement (DEF 14A) with the SEC on March 15, 2024. ArcBest Corp. filed a Definitive Proxy Statement (DEF 14A) on March 15, 2024. The filing covers the period ending April 26, 2024. The company's fiscal year ends on December 31. ArcBest Corp. was formerly known as Arkansas Best Corp. /DE/. The filing includes executive compensation data for the fiscal year 2023.

Why It Matters

For investors and stakeholders tracking ARCBEST CORP /DE/, this filing contains several important signals. This DEF 14A filing is a standard requirement for public companies to provide shareholders with information regarding annual meetings, director nominations, executive compensation, and other corporate governance matters. Shareholders will use this document to make informed decisions on voting matters presented at the upcoming annual meeting, including the election of directors and approval of executive compensation plans.

Risk Assessment

Risk Level: low — ARCBEST CORP /DE/ shows low risk based on this filing. The filing is a routine DEF 14A, indicating no immediate material changes or adverse events are being disclosed beyond standard corporate governance information.

Analyst Insight

Review the executive compensation details and any proposed shareholder resolutions to understand potential impacts on corporate governance and shareholder value.

Key Numbers

Key Players & Entities

FAQ

When did ARCBEST CORP /DE/ file this DEF 14A?

ARCBEST CORP /DE/ filed this Proxy Statement (DEF 14A) with the SEC on March 15, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by ARCBEST CORP /DE/ (ARCB).

Where can I read the original DEF 14A filing from ARCBEST CORP /DE/?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by ARCBEST CORP /DE/.

What are the key takeaways from ARCBEST CORP /DE/'s DEF 14A?

ARCBEST CORP /DE/ filed this DEF 14A on March 15, 2024. Key takeaways: ArcBest Corp. filed a Definitive Proxy Statement (DEF 14A) on March 15, 2024.. The filing covers the period ending April 26, 2024.. The company's fiscal year ends on December 31..

Is ARCBEST CORP /DE/ a risky investment based on this filing?

Based on this DEF 14A, ARCBEST CORP /DE/ presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating no immediate material changes or adverse events are being disclosed beyond standard corporate governance information.

What should investors do after reading ARCBEST CORP /DE/'s DEF 14A?

Review the executive compensation details and any proposed shareholder resolutions to understand potential impacts on corporate governance and shareholder value. The overall sentiment from this filing is neutral.

How does ARCBEST CORP /DE/ compare to its industry peers?

ArcBest Corp. operates in the trucking industry, a sector critical for logistics and supply chain management in the United States.

Are there regulatory concerns for ARCBEST CORP /DE/?

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

Industry Context

ArcBest Corp. operates in the trucking industry, a sector critical for logistics and supply chain management in the United States.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

What Investors Should Do

  1. Analyze the detailed executive compensation packages and any changes from prior years.
  2. Review the list of director nominees and their qualifications.
  3. Examine any shareholder proposals and the company's recommendations.

Key Dates

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure. Specific comparative data from the previous filing is not detailed in this header information.

Filing Stats: 4,449 words · 18 min read · ~15 pages · Grade level 14.3 · Accepted 2024-03-15 07:31:52

Key Financial Figures

Filing Documents

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 34 COMPENSATION DISCUSSION & ANALYSIS 34 COMPENSATION COMMITTEE REPORT 51 COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION 51 SUMMARY COMPENSATION TABLE 52 2023 GRANTS OF PLAN-BASED AWARDS 54 OUTSTANDING EQUITY AWARDS AT 2023 YEAR-END 55 2023 OPTION EXERCISES AND STOCK VESTED 56 2023 EQUITY COMPENSATION PLAN INFORMATION 57 2023 PENSION BENEFITS 57 2023 NON-QUALIFIED DEFERRED COMPENSATION 59 POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL 60 CEO PAY RATIO 65 PAY VERSUS PERFORMANCE 66 PROPOSAL II. ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION 71 REPORT OF THE AUDIT COMMITTEE 72 PROPOSAL III. RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 74 INDEPENDENT AUDITOR'S FEES AND SERVICES 75 PROPOSAL IV. AMENDMENT OF THE COMPANY'S SECOND AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO ELIMINATE THE SUPERMAJORITY VOTING REQUIREMENTS 76 PRINCIPAL STOCKHOLDERS AND MANAGEMENT OWNERSHIP 78 DELINQUENT SECTION 16(A) REPORTS 79 INFORMATION ABOUT THE MEETING 80 INTERNET AVAILABILITY OF PROXY MATERIALS 80 RECORD DATE 80 VOTING 80 OTHER MATTERS 82 COST OF SOLICITATION 82 STOCKHOLDER COMMUNICATION WITH THE BOARD 82 ELECTRONIC DELIVERY OF STOCKHOLDER COMMUNICATIONS 82 PROCEDURE FOR SUBMITTING STOCKHOLDER PROPOSALS AND NOMINATIONS FOR 2025 ANNUAL MEETING 82 HOUSEHOLDING OF PROXY MATERIALS 83 APPENDIX A 84 PROPOSED THIRD AMENDED AND RESTATED CERTIFICATE OF INCORPORATION 85 Back to Contents Letter to our Stockholders from ArcBest Chairman, President & Chief Executive Officer Judy R. McReynolds ArcBest Chairman, President & Chief Executive Officer March 15, 2024 "We started 100 years ago as a small, local freight hauler. Today, we are a multibillion-dollar integrated logistics powerhouse." $ 4.4 B TOTAL REVENUE FROM CONTINUING OPERATIONS IN 2023 $ 5.77 EARNINGS PER DILUTED SHARE FROM CONTINUING OPER

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