UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On December 21, 2023, C.H. Robinson Worldwide, Inc. (the “Company”) announced that Michael P. Zechmeister will be departing from his position as Chief Financial Officer of the Company. Mr. Zechmeister will remain with the Company until a successor is appointed or no later than May 31, 2024, at which time Mr. Zechmeister plans to retire. The Company has commenced a search for a successor chief financial officer.
The Talent & Compensation Committee of the Board of Directors approved the payment to Mr. Zechmeister of severance benefits in accordance with the terms of the Company’s Executive Separation and Change in Control Plan and Summary Plan Description in connection with his separation. In addition, Mr. Zechmeister will be entitled to a prorated payout of his target annual cash incentive opportunity for fiscal 2024 (which will be the same as his target opportunity for 2023).
A copy of the press release announcing this transition is filed as Exhibit 99.1 hereto.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| EXHIBIT NUMBER |
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| 99.1 | Press Release dated December 21, 2023. | |
| 104 | The cover page from the Current Report on Form 8-K formatted in Inline XBRL. | |
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SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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C.H. ROBINSON WORLDWIDE, INC. | |||||
| Dated: December 21, 2023 | By: | /s/ Ben G. Campbell | ||||
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Ben G. Campbell Chief Legal Officer and Secretary | ||||
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