-----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, HB4bHCH/fsoN/emHYfA2SNhPY5YlkqNtvrCljBZCFVZJaE1wE3Jg3vZBMtsvB6hf tu6P5KNkABS9jwUD7Mf6Ng== 0000950123-09-052406.txt : 20091022 0000950123-09-052406.hdr.sgml : 20091022 20091022170345 ACCESSION NUMBER: 0000950123-09-052406 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20091021 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20091022 DATE AS OF CHANGE: 20091022 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARKANSAS BEST CORP /DE/ CENTRAL INDEX KEY: 0000894405 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] IRS NUMBER: 710673405 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-19969 FILM NUMBER: 091132978 BUSINESS ADDRESS: STREET 1: 3801 OLD GREENWOOD RD CITY: FORT SMITH STATE: AR ZIP: 72903 BUSINESS PHONE: 5017856000 MAIL ADDRESS: STREET 1: P O BOX 48 CITY: FORT SMITH STATE: AR ZIP: 72902 8-K 1 d69739e8vk.htm FORM 8-K e8vk
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549-1004
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): October 22, 2009 (October 21, 2009)
ARKANSAS BEST CORPORATION
(Exact name of registrant as specified in its charter)
         
Delaware   0-19969   71-0673405
(State or other
jurisdiction of incorporation)
  (Commission File Number)   (IRS Employer
Identification Number)
     
3801 Old Greenwood Road    
Fort Smith, Arkansas   72903
(Address of principal executive offices)   (Zip Code)
Registrant’s telephone number, including area code: (479) 785-6000
Not Applicable
(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 CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On October 21, 2009, Arkansas Best Corporation (“the Company”) issued a press release announcing that Robert A. Davidson, the current President and Chief Executive Officer of the Company has announced his retirement effective on December 31, 2009. Mr. Davidson is also resigning from the Company’s Board of Directors, effective on December 31, 2009. Judy R. McReynolds, the Company’s current Senior Vice President, Chief Financial Officer and Treasurer will become the Company’s President and Chief Executive Officer on January 1, 2010. In addition, Ms. McReynolds was named to the Company’s Board of Directors, effective January 1, 2010.
Ms. McReynolds, who is 47 years old, has served in her current position since February 1, 2006. From January 2000 to January 2006, Ms. McReynolds was the Company’s Vice President-Controller. She previously served as the Controller of the Company from July 1998 until December 1999. Ms. McReynolds joined the Company as a Director of Corporate Accounting in June 1997.
A copy of the press release is attached as an exhibit to this Current Report on Form 8-K.
ITEM 9.01 — FINANCIAL STATEMENTS AND EXHIBITS.
99.1   Press release of Arkansas Best Corporation dated October 21, 2009, regarding the announcement of the December 31, 2009 retirement of President and Chief Executive Officer Robert A. Davidson and the January 1, 2010 promotion of Judy R. McReynolds to President and Chief Executive Officer.

 


 

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 hereunto duly authorized.
         
  ARKANSAS BEST CORPORATION
(Registrant)
 
 
Date: October 22, 2009  /s/ Michael R. Johns    
  Michael R. Johns,   
  Vice President — General Counsel and
Corporate Secretary 
 

 

EX-99.1 2 d69739exv99w1.htm EX-99.1 exv99w1
         
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
ARKANSAS BEST CORPORATION
CEO ROBERT A. DAVIDSON TO RETIRE;
JUDY R. MCREYNOLDS NAMED HIS SUCCESSOR
     (Fort Smith, Arkansas, October 21, 2009) — Robert A. Davidson, current President and Chief Executive Officer of Arkansas Best Corporation (Nasdaq: ABFS) has announced his retirement from the company effective on December 31, 2009. Mr. Davidson is also resigning from the Arkansas Best Corporation Board of Directors, effective on December 31, 2009. Judy R. McReynolds, current Senior Vice President, Chief Financial Officer and Treasurer will become Arkansas Best’s President and Chief Executive Officer on January 1, 2010. In addition, Ms. McReynolds was named to the Arkansas Best Corporation Board of Directors, effective January 1, 2010.
     Mr. Davidson, who will turn 62 years old later this year, has served as the President and Chief Executive Officer of Arkansas Best Corporation since February 2006. He was named to the Arkansas Best Corporation Board of Directors in December 2004. During his career, Mr. Davidson served the company in various areas including as ABF’s Vice President of Pricing from 1982 until early 2003 and as ABF’s Vice President of Marketing from 1997 until early 2003, when he was named President of ABF Freight System, Inc.
     “Throughout Bob Davidson’s nearly 38 years with our company, he has been instrumental in helping to successfully guide Arkansas Best and ABF through dramatic changes in our company and in the trucking industry,” said Robert A. Young III, Arkansas Best Chairman. “Following the 1980 deregulation of the trucking industry, Bob was the perfect person to establish ABF’s new Pricing Department and to develop and implement ABF’s account pricing philosophies that have been major contributors to the success and survival of ABF. During his time leading ABF’s Marketing initiative, Bob was instrumental in establishing ABF’s award-winning position as the most innovative, customer-centric carrier in the LTL industry. ABF’s reputation for providing a high level of service and significant value in the marketplace is built on the foundation that Bob Davidson has helped establish over the years. We will miss his leadership and guidance and regret his decision to take an early retirement. His service to our company is greatly appreciated,” said Mr. Young.

 


 

     Judy R. McReynolds, who is 47 years old, has served in her current position since February 1, 2006. Prior to that she was Arkansas Best’s Vice President, Controller, beginning in January 2000. Ms. McReynolds joined Arkansas Best in 1997 after several years in public accounting and two years at another publicly-held transportation company.
     “As a result of her nearly twenty years of service to the transportation industry, Judy McReynolds is highly qualified to guide Arkansas Best Corporation. I am pleased to know that our employees, customers and shareholders will be benefitting from her vision and judgment,” said Robert A. Davidson, Arkansas Best President and Chief Executive Officer. “During her time at our company, Judy has displayed a combination of intelligence, integrity and energy. She exhibits the steady leadership that was established by our founder, Robert A. Young Jr. and that continues today through our Chairman, Robert A. Young III. In her role as Chief Financial Officer, Judy has worked closely with me in developing the strategic initiatives that will allow Arkansas Best to grow and prosper for many years to come. We all can look forward to a bright future for our company under her leadership.”
     Arkansas Best Corporation, headquartered in Fort Smith, Arkansas, is a transportation holding company. ABF Freight System, Inc., Arkansas Best’s largest subsidiary, has been in continuous service since 1923. ABF provides transportation of less-than-truckload (“LTL”) general commodities throughout North America. More information is available at arkbest.com and abf.com.
Contact:    Mr. David Humphrey, Director of Investor Relations
Telephone: (479) 785-6200
END OF RELEASE

 

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