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Amendment No. 1 to the Form 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K/A

(Amendment No. 1)

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) August 17, 2007

 

YRC Worldwide Inc.

(Exact name of registrant as specified in its charter)

 

 

Delaware   0-12255   48-0948788

(State or other jurisdiction

of incorporation)

   (Commission File Number)  

(IRS Employer

Identification No.)

10990 Roe Avenue, Overland Park, Kansas 66211

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code (913) 696-6100

 

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:

 

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

 

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

 

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

 

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

 

Explanatory Note

This Form 8-K/A amends the Current Report on Form 8-K that YRC Worldwide Inc. (the “Company”) filed with the Securities and Exchange Commission (the “SEC”) on August 22, 2007 (the “Original 8-K”) to correct the date of the announcement that the Company reported in Item 5.02 of the Original 8-K from January 20, 2007 to August 20, 2007. No other changes are being made to the Original 8-K.

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 20, 2007, the Company announced that Stephen Bruffett will replace Don Barger as Executive Vice President and Chief Financial Officer, effective September 1, 2007. Mr. Barger will remain with the Company in an advisory capacity until his retirement in the beginning of 2008.

Mr. Bruffett, 43, has been Senior Vice President – Sales and Marketing for YRC National Transportation since January 2007. Prior to that, Mr. Bruffett was Vice President and Treasurer of the Company from April 2001 to December 2003, Senior Vice President – Corporate Development and Investor Relations of the Company from December 2003 to October 2005, Senior Vice President – Field Operations and Sales of Yellow Transportation, Inc. from October 2005 to May 2006 and Senior Vice President – Sales and Marketing of Yellow Transportation, Inc. from May 2006 to January 2007.

Mr. Bruffett will continue to participate in the Company’s Long-Term Incentive Plan and the Company’s Annual Incentive Bonus Program and will continue to be a party to an Executive Severance Agreement and an Indemnification Agreement. The Long-Term Incentive Plan and the forms of Executive Severance Agreement and Indemnification Agreement were filed as Exhibits 10.1, 10.4 and 10.5, respectively, to the Company’s Current Report on Form 8-K filed with the SEC on March 15, 2007. The Annual Incentive Bonus Program was filed as Exhibit 10.2 to the Company’s Current Report on Form 8-K filed with the SEC on May 23, 2007.

A copy of the press release making this announcement is included with this Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits.

 

  (d) Exhibits

 

99.1    Press Release dated August 20, 2007.

 

2

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 thereunto duly authorized.

 

    YRC WORLDWIDE INC.
Date: August 22, 2007     By:   /s/ Daniel J. Churay
       

Daniel J. Churay

Executive Vice President, General Counsel and Secretary

 

3

EXHIBIT INDEX

 

Exhibit

Number

   

Description

99.1    Press Release dated August 20, 2007.

 

4

Press Release dated August 20, 2007

Exhibit 99.1

FOR IMMEDIATE RELEASE:

YRC WORLDWIDE APPOINTS BRUFFETT CHIEF FINANCIAL OFFICER;

BARGER TO RETIRE

OVERLAND PARK, Kan., August 20, 2007 – YRC Worldwide Inc. (Nasdaq: YRCW) announced today that Stephen Bruffett has been named to succeed Don Barger as Executive Vice President and Chief Financial Officer effective September 1, 2007. Don Barger will be retiring and to ensure a smooth transition will stay on in an advisory capacity over the next few months.

“Steve is uniquely qualified to fill this position,” said Bill Zollars, Chairman, President and CEO of YRC Worldwide. “He has held numerous corporate finance positions and was instrumental in helping develop and support our China strategy. He also has gained operating experience at Yellow Transportation.”

Bruffett, currently Senior Vice President Sales and Marketing for YRC National Transportation, has been with the organization since 1998. He has an undergraduate degree in Finance from the University of Arkansas and an MBA from the University of Texas.

“I would personally like to thank Don for his numerous contributions as our Chief Financial Officer over the past 6 years. Under his leadership, he has managed our financial plan to successfully close two acquisitions that tripled the size of our Company, and to support our expansion into China. Don has effectively managed our relationships with our investor community and has developed our financial talent base. He has been a great asset to YRC Worldwide and has done an excellent job in leading our finance organization and our Company to position us for future success as the leader in global transportation and logistics services,” stated Zollars.

* * * * *

YRC Worldwide Inc., a Fortune 500 company and one of the largest transportation service providers in the world, is the holding company for a portfolio of successful brands including Yellow Transportation, Roadway, Reimer Express, YRC Logistics, New Penn, USF Holland, USF Reddaway, and USF Glen Moore. The enterprise provides global transportation services, transportation management solutions and logistics management. The portfolio of brands represents a comprehensive array of services for the shipment of industrial, commercial and retail goods domestically and internationally. Headquartered in Overland Park, Kansas, YRC Worldwide employs approximately 66,000 people.

 

Investor Contact:    Todd Hacker
   Vice President – Treasurer & Investor Relations
   (913) 696-6108
   todd.hacker@yrcw.com
Media Contact:    Suzanne Dawson
   Linden Alschuler & Kaplan
   (212) 329-1420
   sdawson@lakpr.com