-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, D2mlQgXsHSte2gSA+rDGtHzWCKArS22pq4UQAXxeZ3OJ+3b8rh6eIZmu1P/JPmnW LfORvsEVvyWzH/zKx/2rHA== 0001104659-07-010123.txt : 20070213 0001104659-07-010123.hdr.sgml : 20070213 20070213132148 ACCESSION NUMBER: 0001104659-07-010123 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070213 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070213 DATE AS OF CHANGE: 20070213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EXPEDITORS INTERNATIONAL OF WASHINGTON INC CENTRAL INDEX KEY: 0000746515 STANDARD INDUSTRIAL CLASSIFICATION: ARRANGEMENT OF TRANSPORTATION OF FREIGHT & CARGO [4731] IRS NUMBER: 911069248 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-13468 FILM NUMBER: 07607817 BUSINESS ADDRESS: STREET 1: 1015 THIRD AVENUE 12TH FLOOR CITY: SEATTLE STATE: WA ZIP: 98104 BUSINESS PHONE: 2066743400 MAIL ADDRESS: STREET 1: 1015 THIRD AVENUE 12TH FLOOR CITY: SEATTLE STATE: WA ZIP: 98104 8-K 1 a07-4482_18k.htm 8-K

 

 

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:  February 13, 2007

(Date of earliest event reported)

 

EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.

(Exact name of registrant as specified in its charter)

 

Washington

 

000-13468

 

91-1069248

(State or other jurisdiction of

 

(Commission File No.)

 

(IRS Employer Identification Number)

incorporation or organization)

 

 

 

 

 

1015 Third Avenue, 12th Floor, Seattle, Washington

 

98104

(Address of principal executive offices)

 

(Zip Code)

 

(206) 674-3400

(Registrant’s telephone number, including area code)

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o                                    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o                                    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o                                    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o                                    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 




Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

On February 13, 2007, Expeditors International of Washington, Inc. (“Expeditors”) announced that Glenn M. Alger, Expeditors’ President and Chief Operating Officer, has informed the Company’s Board of Directors on February 12, 2007 of his intention to retire in the first half of 2007.  No date has been established for Mr. Alger’s ultimate departure and no replacement has been named pending the formalization of a timetable and any related organizational changes that might follow.  A copy of the press release announcing the retirement of Mr. Alger is filed with this report as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d)           Exhibits

Exhibit No.

 

Description

 

 

 

99.1

 

Press Release of Expeditors International of Washington, Inc., dated February 13, 2007, reporting the retirement of a principal officer.

 

 

2




SIGNATURES

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 thereunto duly authorized.

EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.

February 13, 2007

/s/ PETER J. ROSE

 

 

Peter J. Rose, Chairman and

 

Chief Executive Officer

 

 

 

 

 

 

 

 

 

February 13, 2007

/s/ R. JORDAN GATES

 

 

R. Jordan Gates, Executive Vice President-

 

Chief Financial Officer

 

3




INDEX TO EXHIBITS

Exhibit No.

 

Description

 

 

 

99.1

 

Press Release of Expeditors International of Washington, Inc., dated February 13, 2007, reporting the retirement of a principal officer.

 

 

4



EX-99.1 2 a07-4482_1ex99d1.htm EX-99.1

 

PRESS RELEASE

 

Exhibit 99.1

 

By:

Expeditors International of Washington, Inc.
1015 Third Avenue, Suite 1200
Seattle, Washington 98104

 

CONTACT:

R. Jordan Gates

 

 

 

Chief Financial Officer

 

 

 

(206) 674-3427

FOR IMMEDIATE RELEASE


EXPEDITORS’ ALGER ANNOUNCES RETIREMENT PLANS

SEATTLE, WASHINGTON — February 13, 2007 — Glenn M. Alger, President and Chief Operating Officer of Expeditors International of Washington, Inc. (NASDAQ: EXPD), a global logistics company, today announced at the Company’s Americas Meeting, that on the 12th of February,  2007, he informed the Company’s Board of Directors of his intent to retire during 2007.  No date has been set and no other personnel or organizational changes have been determined.

“During the twenty-five years since Peter (current Chairman and CEO Peter J. Rose) and I opened Expeditors’ San Francisco office, I’ve taken great pride in being part of a management team that has consistently strived to see Expeditors grow from a fledgling company of 20 people in six offices, to a genuine force in the global logistics industry, with over 11,000 employees in 168 offices around the world.”  Alger also said, “Expeditors’ success has afforded me the opportunity to pursue some life-goals in other areas while I’m still young enough to make a difference.  I’m very grateful to Peter, my family and my friends whose support has meant so much to me over the years.  My feelings of pride and accomplishment at Expeditors would not have allowed me to take this step at this time if I were not confident in the abilities of those who remain to take Expeditors to the next level.  I’ve told Peter and the Board that I’m committed to make the manner of my departure as meaningful as was my tenure.”

“This is more than a professional change for Expeditors and for me personally.” said Peter J. Rose,.  “My personal association with Glenn goes back nearly 34 years.  Even when he was a 16-year old working part-time after school, I could tell that Glenn was destined for greater things—and indeed he was.  Since Expeditors was founded, Glenn’s dedication has played an integral part in our success.  In Glenn’s typical analytical fashion, he has already informed us that an important part of his calculus in reaching this decision was a candid assessment of what this would mean to Expeditors—to me personally, to his friends and family, to our employees and to our customers.  Glenn reinforced the wisdom of our move several years ago to appoint regional Presidents in Asia, the Americas and EMAIR.  This decision to move management closer to the customers showed great foresight and customer service and field operations will not be affected.  Glenn also feels that the product and service leaders he’s hired, trained and mentored over the years are prepared to carry on the same high standards that he has been so instrumental in establishing.  Paradoxically, there is no one better qualified, nor is there anyone whose opinion I’d value more, to make the assessment of whether we’re ready to go on with without Glenn, than Glenn. He thinks, and I agree, that Expeditors is bigger than any one person and that we’ll be just fine.  Although it will be said many times privately in the ensuing months, I would like to thank Glenn publicly and personally and let him know how much we appreciate him and how much he’ll be missed.  Good luck, Glenn.” Rose concluded.

Expeditors is a global logistics company headquartered in Seattle, Washington.  The company employs trained professionals in 168 full-service offices, 60 satellite locations and 5 international service centers located on six continents linked into a seamless worldwide network through an integrated information management system.  Services include air and ocean freight forwarding, vendor consolidation, customs clearance, marine insurance, distribution and other value added international logistics services.

 

 

Forward-Looking Statements

This document contains a forward-looking statement which is based on certain assumptions and expectations of future events that are subject to risks and uncertainties.  Actual future results and trends may differ materially from historical results or those projected in the forward-looking statements depending on a variety of factors including, but not limited to, changes in customer demand for Expeditors’ services caused by a general economic slow-down, inventory build-up, decreased consumer confidence, volatility in equity markets, or the unpredictable acts of competitors.

 



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