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

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