ArcBest signs consulting agreement with retiring ABF Freight president Tim Thorne

ARCBEST CORP /DE/

Tim Thorne retired as ABF Freight president effective June 30, 2021; consulting term July 1 to Dec 31, 2021.
Monthly retainer of $40,500 plus expense reimbursement; focus on military & veteran partnerships.
Consultant subject to confidentiality, non-competition (12 months), and non-solicitation covenants.
In case of termination without cause, remaining retainer payments continue through original term.

item 5.02 item 9.01

Executive movements

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Departed

Tim Thorne

president of ABF Freight System, Inc.

ARCB · ARCBEST CORP /DE/

Effective: 2021-06-30
Filed: July 6, 2021, 7:59 PM ET

As previously disclosed on January 11, 2021, Tim Thorne, the president of ABF Freight System, Inc. (“ABF Freight”), the largest subsidiary of ArcBest Corporation (the “Company”), announced his retirement to be effective June 30, 2021.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Tim Thorne retired as president of ABF Freight System, Inc. at ARCBEST CORP /DE/.

Action: retired
Role: president of ABF Freight System, Inc.

Exact text from the filing

As previously disclosed on January 11, 2021, Tim Thorne, the president of ABF Freight System, Inc. (“ABF Freight”), the largest subsidiary of ArcBest Corporation (the “Company”), announced his retirement to be effective June 30, 2021.

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Source: SEC EDGAR

accession 0001558370-21-008774

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