cairo and mccaffrey figure ....
[QUOTE="Kennesaw Kid, post: 1507214, member: 159"]Notes from last night's conference call:
From the Minneapolis Committee:
The May 13th conference call with IBT's John Murphy, Sherman, and Brad Vaughn, was sponsored by Local 120 and it's principal officer, Tom Erickson.
John Murphy started out the call by summarizing the 'Heroes Act' portion of H.R. 6800. Contained within the Heroes Act is the 'Emergency Pension Plan Relief Act, targeting the Central States Critical and Declining status. Not only does it address our plan's decline, but I believe John Murphy mentioned over 300 other pension plans in a critical status or worse.Correct me if I'm wrong on the number.
This Relief Act is not a bridge loan like the Butch Lewis Act, but will instead separate, or partition, active members from retirees. Actives stay with Central States and keep the remaining assets for re-investment, along with member and employer contributions. This should allow the Pension plan to again start building assets for future use.
Retirees are separated and leave Central States. The Treasury at this point will fund the PBGC, and the PBGC will take control of retiree pensions. There are no cuts planned for retirees, and those who have seen cuts to their benefits, like Local 707 in New York, will have their benefits fully restored. This Relief Act will also provide full benefits to surviving spouses, and totally eliminate the 2014 MPRA that encouraged cuts to pensions across the board! This is a very important provision!
The H.R. 6800 bill is the 4th stimulus bill to be introduced. It is a 3 TRILLION dollar bill, and covers many, many aspects of the American Economy. The bill is expected to pass the House ( they vote on it Friday, May 15th.)
The strategy of including the Relief Act as part of the Heroes Act of H.R. 6800is that Senators will find it difficult to reject the bill, since it contains many benefits for their home States.
U.S. Senators will be targeted next week, and for 3-4 weeks thereafter. There are 10-15 Senators who will be encouraged by us to approve this bill, making sure all the key elements of the Relief Act are included, not eliminated.Very important!
But for now, the focus is on our own district Representatives. We need to call their state district offices, e-mail them, and write letters telling them to support this bill and our Relief Act portion! Remember, all members of the House are up for reelection this year. Remind them of that!
We must work fast, since the House vote is this Friday, May 15th. Good luck and get to work. More next week. Thanks
Steve Baribeau
Save Our Pensions-Minnesota
[/QUOTE]
d930514d8k.htm 8-K
ENT> 8-K 1 d930514d8k.htm 8-K
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 (Date of earliest event reported): May 19, 2020
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 office)(Zip Code)
(Registrant’s telephone number, including area code)
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))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $0.01
par value per share YRCW The NASDAQ Stock Market LLC
Item 5.07
Submission of Matters to a Vote of Security Holders.
The holders of our outstanding common stock and Series A Voting Preferred Stock voted together as a single class on all proposals at the Annual Meeting held May 19, 2020. Each share of common stock and Series A Voting Preferred Stock was entitled to one vote.
At the Annual Meeting, holders of our common stock and Series A Voting Preferred Stock voted on the following proposals:
Proposal 1
Each nominee under Proposal 1 was elected to the Board of Directors.
Director
Nominees
Number of
Votes For
Number of
Votes Against
Abstentions
Broker
Non-Votes
Matthew A. Doheny
9,367,926 2,593,712 112,335 16,459,858
Darren D. Hawkins
11,072,366 874,739 126,868 16,459,858
James E. Hoffman
8,939,181 3,009,354 125,438 16,459,858
Patricia M. Nazemetz
9,384,509 2,569,800 119,664 16,459,858
James G. Pierson
10,058,710 1,934,828 80,435 16,459,858
Proposal 2
The appointment of KPMG LLP as our independent registered public accounting firm for 2020 was ratified.
Number of
Votes For
Number of
Votes Against
Number of
Votes Abstaining
26,085,024 2,108,524 339,883
Proposal 3
The advisory vote on named executive officer compensation was approved.
Number of
Votes For
Number of
Votes Against
Number of
Votes Abstaining
Broker
Non-Votes
8,178,753 3,601,885 293,335 16,459,858
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.
YRC WORLDWIDE INC.
By: /s/ Jamie G. Pierson
Jamie G. Pierson
Chief Financial Officer
Date: May 21, 2020
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