8-K - ARCB - Equibles

June 30

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): February 2, 2023 (January 30, 2023)

ARCBEST **** CORPORATION

(Exact name of registrant as specified in its charter)


Delaware	0-19969	71-0673405
(State or other jurisdiction of incorporation)	(Commission<br><br>File Number)	(IRS Employer<br><br>Identification No.)
8401 McClure Drive<br><br>Fort Smith , Arkansas<br><br>(Address of principal executive offices)		72916<br><br>(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.

☐	Written communication 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))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock $0.01 Par Value	ARCB	Nasdaq

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.☐

ITEM 5.02 – DEPARTURE of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 30, 2023, the Board of Directors (the “Board”) of ArcBest Corporation (the “Company”) elected Salvatore A. Abbate to the Board as a director, effective immediately. The Board also appointed Mr. Abbate to serve on the Compensation Committee and the Nominating/Corporate Governance Committee effective immediately. Mr. Abbate’s initial term on the Board will expire at the Company’s 2023 Annual Meeting of Stockholders, at which time he will stand for election to a new term.

Mr. Abbate is Chief Executive Officer and a member of the Board of Directors of Veritiv Corporation (NYSE: VRTV). Mr. Abbate has not engaged in any related person transaction with the Company that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K, and he is not a party to any arrangements or understandings with any other persons pursuant to which he was elected as a director of the Board.

For his service as a non-employee Board member, Mr. Abbate will participate in the Company’s non-employee director compensation arrangements, including an initial grant of restricted stock units, which he will receive along with the Board’s other non-employee directors, on the fifth business day following the Company’s earnings release for the first quarter of 2023, or such other dates as may be determined by the Board. In addition, as of January 30, 2023, Mr. Abbate entered into the Company’s standard indemnification agreement for directors. For a general description of the compensation program for the Company’s non-employee directors and Board committee members and the Company’s indemnification agreements with the members of the Board, please see the Company’s Proxy Statement for its 2022 Annual Meeting of Stockholders, filed with the Securities and Exchange Commission on March 18, 2022.

ITEM 7.01 – REGULATION FD DISCLOSURE

On February 2, 2023, the Company issued a press release announcing the election of Mr. Abbate to the Board. A copy of the press release is furnished as Exhibit 99.1 to this report and incorporated into this Item 7.01 by reference.

The information furnished in this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Securities Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

ITEM 9.01 – FINANCIAL STATEMENTS AND EXHIBITS

		<br><br>
Exhibit No.		Description of Exhibit
99.1*		Press release of ArcBest dated February 2, 2023.
104		Cover Page Interactive Data File – The cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document

*Furnished herewith.

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

Date:	February 2, 2023	/s/ Michael R. Johns
		Michael R. Johns
		Chief Legal Officer
		and Corporate Secretary

Exhibit 99.1


Media Contact: Autumnn Mahar
Title: Senior Manager, PR and Social
Phone: 479-494-8221
Email: amahar@arcb.com<br><br>

New ArcBest Board Member Added

FORT SMITH, Arkansas, February 2, 2023 — ArcBest^®^ (Nasdaq: ARCB), a leading logistics company with creative problem solvers who deliver innovative solutions, today announced that a new member has been added to the ArcBest Board of Directors.

The new director is Salvatore A. Abbate, whose term began January 30. The appointment of Abbate to the board fills the vacancy from Steve Gorman’s departure in August 2022, returning the total ArcBest board membership to 9.

Abbate, 54, is chief executive officer of Veritiv Corporation (NYSE: VRTV), a position he has held since October 2020. Before becoming its CEO, Abbate served in various senior leadership roles since joining Veritiv in April 2018, including chief operating officer and chief commercial officer. Based in Atlanta, GA, Veritiv is a Fortune 500^®^ company and a leading North American business-to-business distribution solutions company.

“With his deep B2B experience and keen focus on sustainability, customer experience, innovation and people, Sal brings to the board a comprehensive, strategic skill set,” said Judy McReynolds, ArcBest chairman, president and CEO. “His skills will be a great resource for ArcBest as we continue to focus on our strategy for long-term growth and sustained profitability in our rapidly evolving industry.”

Abbate was appointed to the Compensation Committee and the Nominating/Corporate Governance Committee effective January 30. Shareholders elect ArcBest directors annually. Abbate will be up for election to a new term at the company’s 2023 annual meeting.

ABOUT ARCBEST

ArcBest^®^ (Nasdaq: ARCB) is a multibillion-dollar integrated logistics company that helps keep the global supply chain moving. Founded in 1923 and now with over 15,000 employees across more than 250 campuses and service centers, the company is a logistics powerhouse, fueled by the simple notion of finding a way to get the job done. Through innovative thinking, agility and trust, ArcBest leverages their full suite of shipping and logistics solutions to meet customers’ critical needs, each and every day. For more information, visit arcb.com.