UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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the Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(e) Compensation Reductions. On April 14, 2020, the Compensation Committee of C.H. Robinson Worldwide, Inc. (the “Company”) approved temporary salary reductions for the period from May 1, 2020 through July 31, 2020 for the Company’s executive officers, and the Company’s Board of Directors approved reductions in the base annual retainer payments for members of the Board for the same period. During the applicable period, base salary payments will be reduced by 50% for the Company’s chief executive officer and 20% for the other executive officers. Base cash retainer payments for the applicable period for the members of the Board will be reduced by 50%.
SIGNATURE
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.
Date: April 17, 2020
| C.H. ROBINSON WORLDWIDE, INC. | ||
| By: |
/s/ Ben G. Campbell | |
| Ben G. Campbell | ||
| Chief Legal Officer and Secretary | ||
Document and Entity Information |
Apr. 14, 2020 |
|---|---|
| Cover [Abstract] | |
| Entity Registrant Name | C. H. ROBINSON WORLDWIDE, INC. |
| Amendment Flag | false |
| Entity Central Index Key | 0001043277 |
| Document Type | 8-K |
| Document Period End Date | Apr. 14, 2020 |
| Entity Incorporation State Country Code | DE |
| Entity File Number | 000-23189 |
| Entity Tax Identification Number | 41-1883630 |
| Entity Address, Address Line One | 14701 Charlson Road |
| Entity Address, City or Town | Eden Prairie |
| Entity Address, State or Province | MN |
| Entity Address, Postal Zip Code | 55347 |
| City Area Code | (952) |
| Local Phone Number | 937-8500 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Security 12b Title | Common Stock, par value $0.10 per share |
| Trading Symbol | CHRW |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |