Freightmaster1
TB Legend
- Credits
- 606
Mr. Welch has agreed to "hang around" as an advisor for another year for a mere $12,500 a month. By that time the new contract (or another MOU extension) will be settled!
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
8-K
CURRENT REPORT
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)
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. Welch’s expertise and experience in the freight transportation industry, particularly the less-than-truckload segment.
http://investors.yrcw.com/node/26431/html
Thanks guys! Happy to be of service!
Thanks for hanging around until the contract is settled James!
Maybe Hoffa will let me bring back Tyson Johnson to help out with the YRC
negotiations?
Hey Ken, with Welch still around, Ernie should be able to cut a sweet deal
for the company don't you think?
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
8-K
CURRENT REPORT
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)
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. Welch’s expertise and experience in the freight transportation industry, particularly the less-than-truckload segment.
http://investors.yrcw.com/node/26431/html
Thanks guys! Happy to be of service!
Thanks for hanging around until the contract is settled James!
Maybe Hoffa will let me bring back Tyson Johnson to help out with the YRC
negotiations?
Hey Ken, with Welch still around, Ernie should be able to cut a sweet deal
for the company don't you think?
