R-14Driver
TB Legend
- Credits
- 0
ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On July 21, 2011, the Board of Directors (the "Board") of Arkansas Best Corporation (the "Company") elected Steven L. Spinner to the Board as a director, effective July 21, 2011. Mr. Spinner was also appointed to the Audit Committee of the Board. Mr. Spinner's term on the Board will expire at the Company's annual meeting of stockholders in 2012.
There are no understandings or arrangements between Mr. Spinner and any other person pursuant to which Mr. Spinner was elected to serve as a director of the Company. Mr. Spinner is the President and Chief Executive Officer and a director of United Natural Foods, Inc. ("UNFI"). In 2010, UNFI made payments to ABF Freight System, Inc., the primary subsidiary of the Company, in the amount of $1.6 million for transportation services.
As a non-employee director, Mr. Spinner will receive an initial grant of restricted stock units valued at $100,000 on August 9, 2011 pursuant to the Form of Restricted Stock Unit Agreement (the "Restricted Stock Unit Agreement"). The foregoing description is qualified in its entirety by reference to the full text of the Form of Restricted Stock Unit Agreement previously filed as Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q, filed with the Commission on May 5, 2009, and incorporated herein by reference.....................
Short version can be found here : Summary of ARKANSAS BEST CORP /DE/ - Yahoo! Finance
Full version can be found here : http://www.sec.gov/Archives/edgar/data/894405/000110465911041032/a11-22441_18k.htm
On July 21, 2011, the Board of Directors (the "Board") of Arkansas Best Corporation (the "Company") elected Steven L. Spinner to the Board as a director, effective July 21, 2011. Mr. Spinner was also appointed to the Audit Committee of the Board. Mr. Spinner's term on the Board will expire at the Company's annual meeting of stockholders in 2012.
There are no understandings or arrangements between Mr. Spinner and any other person pursuant to which Mr. Spinner was elected to serve as a director of the Company. Mr. Spinner is the President and Chief Executive Officer and a director of United Natural Foods, Inc. ("UNFI"). In 2010, UNFI made payments to ABF Freight System, Inc., the primary subsidiary of the Company, in the amount of $1.6 million for transportation services.
As a non-employee director, Mr. Spinner will receive an initial grant of restricted stock units valued at $100,000 on August 9, 2011 pursuant to the Form of Restricted Stock Unit Agreement (the "Restricted Stock Unit Agreement"). The foregoing description is qualified in its entirety by reference to the full text of the Form of Restricted Stock Unit Agreement previously filed as Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q, filed with the Commission on May 5, 2009, and incorporated herein by reference.....................
Short version can be found here : Summary of ARKANSAS BEST CORP /DE/ - Yahoo! Finance
Full version can be found here : http://www.sec.gov/Archives/edgar/data/894405/000110465911041032/a11-22441_18k.htm