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YRC Yrcw Tells Sec These Execs No Longer "officers"!

Discussion in 'YRC Freight' started by Freightmaster1, Jan 15, 2020 at 10:49 AM.

  1. Freightmaster1

    Freightmaster1 Well-Known Member

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    Recent SEC Filings by YRCW show that Mitch Lilly (Senior VP Labor & Emp. Relations), Robert Stone (VP Enterprise Operations), and Brianne Simoneau (VP & Controller) are no longer considered "officers"...

    Explanation of Responses:
    1. Mr. Lilly still continues to serve in an important role at the Company, but after assessment of his duties under a new title, it was determined that Mr. Lilly is not an "officer" as defined in Rule 16a-1 of the Securities Exchange Act of 1934, as amended.

    http://investors.yrcw.com/node/27666/html

    Explanation of Responses: 1. Mr. Stone still continues to serve in an important role at the Company, but after assessment of his duties under a new title, it was determined that Mr. Stone is not an "officer" as defined in Rule 16a-1 of the Securities Exchange Act of 1934, as amended.

    http://investors.yrcw.com/node/27671/html

    Explanation of Responses: 1. Ms. Simoneau still continues to serve in an important role at the Company, but because the current Chief Financial Officer is now acting as the principal accounting officer, it was determined that Ms. Simoneau is not an "officer" as defined in Rule 16a-1 of the Securities Exchange Act of 1934, as amended.

    http://investors.yrcw.com/node/27661/html

    :19:
     
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  2. Freightmaster1

    Freightmaster1 Well-Known Member

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    Here's the only officer we care about at YRCW....


    [​IMG]
    :hyper:
     
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  3. wongway

    wongway Cayman -15% Freight Divsion

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    Jamie good job , don't need overpaid officers !!!
     
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  4. Triplex

    Triplex Experienced stalker

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    I believe they will still be there and be paid the same. This change I believe just relieves them and the company of some reporting requirements required by the SEC and Sarbanes-Oxley by no longer designating them as "officers" of the company. Just some legalese.

    (Sorry Wong, hope you still have some Snickers available)
     
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  5. wongway

    wongway Cayman -15% Freight Divsion

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    Correct still there but at lower pay cause not officers anymore it is a demotion & so they will maybe doing some job searching now !& Yes eating a snickers right now !
     
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  6. seabreeze

    seabreeze Not Well Known Member, 63 Year Teamster Member AD-FREE USER

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    Should they now be addressed as non-coms?
     
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  7. Big Dave

    Big Dave My Hat is my sunvisor

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    Now that you bring this up, Donna has relieved you of your title of VP of tunnel clearances at Coop. But you’re still in charge of refilling the popcorn machine in the break room....:1036316054:
     
  8. Roadway spy

    Roadway spy Active Member

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    To many chiefs not enough Indians
     
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  9. Wrench97

    Wrench97 Well-Known Member

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    Means they can collect Bonus $$$$ and not effect the payout to union employees.............
     
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  10. Triplex

    Triplex Experienced stalker

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    Stop wetting your pants with excitement. They're not going anywhere and not taking a pay reduction. Order a case of Snickers and chill!
     
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  11. seabreeze

    seabreeze Not Well Known Member, 63 Year Teamster Member AD-FREE USER

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    What the fork do you know?
     
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  12. Roadway spy

    Roadway spy Active Member

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    I know a senior citizen work force won’t survive.
     
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  13. seabreeze

    seabreeze Not Well Known Member, 63 Year Teamster Member AD-FREE USER

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    Won't be a problem if we can just avoid the forkins!
     
  14. almost13ranch

    almost13ranch Ambitiose sed ineptum

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    Now that’s a term I haven’t heard in a long time.
     
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  15. wongway

    wongway Cayman -15% Freight Divsion

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    1st off neither one of us know IF they took a pay cut or stayed the same or IF they will stay , so no use arguing about it and so we will wait and see who's right or Wong ?? So it's kinda like arguing about IF the glass half full or half empty !:guiness:
     
  16. wongway

    wongway Cayman -15% Freight Divsion

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    So BIG Question is "Jamie" a officer at yrcw then ??? and if so does he get a badge ??
     
  17. Freightmaster1

    Freightmaster1 Well-Known Member

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    YES! They all got busted down to E-9s...

    [​IMG]
    [​IMG]
    [​IMG]
    [​IMG]
    :chairshot:



     
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  18. Elwood

    Elwood Question Authority

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  19. seabreeze

    seabreeze Not Well Known Member, 63 Year Teamster Member AD-FREE USER

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    Don't think Jamies MOS calls for a badge.
     
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  20. Elwood

    Elwood Question Authority

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    Zackly! :17142:
     
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