ARCBEST CORPORATION (NASDAQ:ARCB) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ARCBEST CORPORATION (NASDAQ:ARCB) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

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On October30, 2017, the Board of Directors of ArcBest Corporation (the “Company”) resolved to terminate the ArcBest Corporation Pension Plan (the “Pension Plan”). The termination follows amendments to the Pension Plan to close the plan to new entrants effective December31, 2005 and freeze benefit accruals for eligible employees in the plan effective July1, 2013. Additional information regarding the Pension Plan can be found in our Annual Report on Form10-K for the year ended December31, 2016.

The Pension Plan will terminate effective December31, 2017. Distribution of plan assets to the termination will not be made until the plan termination satisfies the regulatory requirements prescribed by the Internal Revenue Service and the Pension Benefit Guaranty Corporation, which is expected to occur in late 2018. Except for retirees currently receiving payments under the Pension Plan, participants in that plan will have a choice of receiving a lump sum or annuity. Annuity payments to retirees in the Pension Plan will continue under their current elections.


About ARCBEST CORPORATION (NASDAQ:ARCB)

ArcBest Corporation is a holding company of businesses providing freight transportation services and logistics solutions. The Company operates through five segments: Freight Transportation (ABF Freight) segment, Premium Logistics (Panther), Transportation Management (ABF Logistics), Emergency & Preventative Maintenance (FleetNet) and Household Goods Moving Services (ABF Moving). ABF Freight provides interstate and intrastate direct service to over 48,000 communities through over 250 service centers in over 50 states of the United States, Canada and Puerto Rico. The Panther segment provides freight transportation services to commercial and government customers, and offers logistics services. The FleetNet segment includes the operations of FleetNet America, Inc. The ABF Logistics segment includes the operations of its businesses, which provide freight brokerage and intermodal transportation services, and others. Its principal operations are conducted through ABF Freight.

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