Arcbest Corp 8-K/A, filed Jul 25, 2025
Arcbest Corp (ARCB)
About this 8-K/A
Arcbest Corp filed this 8-K/A on July 25, 2025, reporting on events of July 17, 2025.
Items reported
- Item 5.02: Director or officer change, or executive pay
June 30
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
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): July 17, 2025 (
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ITEM 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 17, 2025, ArcBest Corporation (the “Company”) filed a Current Report on Form 8-K (the “Initial Report”) disclosing that Seth Runser, the president of the Company, would succeed Judy R. McReynolds as chief executive officer following her retirement, and that Mr. Runser would become president and chief executive officer of the Company, and a member of the Board of Directors, effective January 1, 2026. Compensation arrangements for Mr. Runser were not determined as of the filing of the Initial Report.
Effective upon Mr. Runser’s appointment on January 1, 2026, he will receive an increase in base salary to $800,000 per year and will participate in benefit and compensation plans consistent with the Company’s other management team members, at levels consistent with his position and scope of responsibility. For 2026, Mr. Runser will be eligible to participate in the Company’s short- and long-term cash incentive plans applicable to fiscal 2026, with a target annual cash incentive opportunity of 120% of his base salary payable upon the attainment of certain company-wide performance goals for fiscal 2026, and a target long-term cash incentive opportunity of $1,800,000 payable upon the attainment of certain company-wide performance goals for the three-year period ended December 31, 2028. In addition, Mr. Runser will be able to participate in the Company’s equity compensation program and will receive an equity grant with a target value of $1,200,000 (or such other amount as may be determined by the Compensation Committee), with such equity grant to be made when the Compensation Committee approves equity grants for management, which is expected to occur at the Compensation Committee’s regularly scheduled meeting in the second quarter of 2026. Mr. Runser will receive no additional compensation for his service as a member of the Board of Directors.
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.
| | | ARCBEST CORPORATION |
| | | |
| | | (Registrant) |
| | | |
Date: | July 25, 2025 | | /s/ Michael R. Johns |
| Michael R. Johns | ||
| Chief Legal Officer | ||
| and Corporate Secretary | ||