YRC Worldwide filing reveals executive compensation

Austin Alonzo
Kansas City Business Journal
March 21, 2013

YRC Worldwide Inc. released a Securities and Exchange Commission proxy statement Wednesday inviting shareholders to its annual meeting.

The meeting, which will be April 30 at the less-than-truckload carrier's (Nasdaq: YRCW) headquarters in Overland Park, will discuss corporate matters and invite shareholders to vote on the company's directors, executive compensation and the appointment of accounting firm KPMG LLP as the company’s independent registered public accounting firm in 2013, the release said. The company recommends approval of KPMG.

The seven current members of the company’s board who were not appointed by the International Brotherhood of Teamsters as part of restructuring are running to retain the position through 2014. The company recommends its shareholders approve all seven.

The second proposal, a nonbinding vote to approve the compensation packages for the company’s core executive leadership, revealed how much each executive made in 2011 and 2012.

Here’s the total amount of salary, stock awards, incentives and bonuses awarded to YRC executives:

James Welch, CEO, YRC Worldwide

• 2011 - $3,484,385

• 2012 - $1,554,756

Jamie Pierson, executive vice president and CFO, YRC Worldwide

• 2011 - $1,556,841

• 2012 - $1,439,953

Michelle Russell, executive vice president and general counsel, YRC Worldwide

• 2012 - $1,393,744

Jeff Rogers, president, YRC Freight, a subsidiary of YRC Worldwide

• 2011 - $495,239

• 2012 - $1,798,214

Thomas O’Connor, president, Reddaway, a subsidiary of YRC Worldwide

• 2012 - $ 770,656


Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

IMPORTANT DETAILS: TDU Black Leadership Conference

The TDU Black Leadership is coming up!

UPS has 283 million reasons to delay retro pay

Ten weeks. That’s the latest word from IBT Package Director Denis Taylor on how long it will take UPS to issue retro checks–money owed to you–following the April 29 implementation of the contract. Taylor reported to officers and agents at the national grievance panel meeting that retro checks are expected in the first pay period in July. There is no report that Taylor attempted to do anything about the stretching out of “6-8 weeks” to 10-11 weeks.

View More News Posts