secwatch.observer — SEC 8-K summary
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Issuer:     Yellow Corp (—)
CIK:        0000716006
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0000950170-23-040179
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 2.02, 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Yellow Corp files Chapter 11 bankruptcy; Nasdaq to delist stock Aug 16
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- Net loss of $14.7M ($0.28/sh) vs net income of $60.0M ($1.17/sh) in Q2 2022.
- Operating revenue fell 21% YoY to $1.127B; operating income of $38.9M included $75.9M gain on property disposals.
- Company filed voluntary Chapter 11 petitions on Aug 6, 2023; does not intend to appeal Nasdaq delisting.
- Nasdaq staff commenced delisting proceedings on Aug 7; trading to be suspended at open Aug 16.
- Workforce reduction implemented across all areas prior to Chapter 11 filing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/716006/000095017023040179/0000950170-23-040179-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/716006/000095017023040179/yell-20230807.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-040179

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