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

Get Advice Join TDU Donate

Recent News

Teamsters Rally at New York City Hall for Delivery Protection Act

Teamsters, Amazon delivery drivers, and labor allies picketed today on the steps of New York City Hall to support the Delivery Protection Act. City Councilmember Tiffany Cabán announced the bill now has supermajority support in the City Council.

Teamster History – As Told by those Who Made it Happen

The IBT has launched the Teamster History Project, which includes 27 unedited interviews with Teamsters who made it happen. It covers the years 1975-1999.  Those interviewed include several TDU leaders, participants in the Carey administration, James Hoffa, along with two Hoffa lieutenants who were expelled from the union for corruption and self-dealing.

View More News Posts