0001104659-12-042107.txt : 20120606 0001104659-12-042107.hdr.sgml : 20120606 20120606170028 ACCESSION NUMBER: 0001104659-12-042107 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120531 ITEM INFORMATION: Termination of a Material Definitive Agreement FILED AS OF DATE: 20120606 DATE AS OF CHANGE: 20120606 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: 12892613 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 a12-14185_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

 

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): June 6, 2012 (May 31, 2012)

 

ARKANSAS BEST CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware

 

0-19969

 

71-0673405

(State or other jurisdiction of

 

(Commission

 

(IRS Employer

incorporation or organization)

 

File Number)

 

Identification No.)

 

3801 Old Greenwood Road

Fort Smith, Arkansas 72903

(479) 785-6000

(Address, including zip code, and telephone number, including area code, of

the registrant’s principal executive offices)

 

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 communication 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 1.02 — TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT

 

On May 31, 2012, a subsidiary of Arkansas Best Corporation (Nasdaq: ABFS) (the “Company”) notified SunTrust Robinson Humphrey, Inc., as Agent (the “Agent”), of the Company’s intention to terminate the $75.0 million Receivables Loan Agreement dated as of December 30, 2009 (as amended, supplemented or otherwise modified from time to time) among ABF Freight Funding LLC, the Borrower, ABF Freight System, Inc., as initial Servicer, SunTrust Bank and the Agent (“the Agreement”). The Company will pay no penalties to terminate the Agreement prior to the Agreement’s February 18, 2013 maturity date. There were no borrowings made during the term of the Agreement and no outstanding borrowings under the Agreement on the date the Company delivered the notice of termination to the Agent. The effective date of the termination of the Agreement will be June 15, 2012, at which time the Company expects to have in place a replacement facility with substantially comparable terms.

 

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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:

June 6, 2012

 

/s/ Michael R. Johns

 

 

Michael R. Johns

 

 

Vice President — General Counsel and Corporate Secretary

 

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