C.H. ROBINSON WORLDWIDE, INC. (NASDAQ:CHRW) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) C.H. Robinson Worldwide, Inc. (the “Company”) announced that the employment of Chad M. Lindbloom, the Company’s Chief Information Officer, will terminate effective March5, 2018. Mr.Lindbloom will be entitled to a payment of up to $295,000, representing twenty-six weeks of base salary, consistent with the Company’s general severance practices, payable at the end of such twenty-six week period in exchange for a general release of claims and Mr.Lindbloom’s agreement to comply with certain covenants regarding his transition.
About C.H. ROBINSON WORLDWIDE, INC. (NASDAQ:CHRW)
C.H. Robinson Worldwide, Inc. (C.H. Robinson) is a third-party logistics company. The Company provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries. C.H. Robinson has handled approximately 16.9 million shipments, and worked with over 110,000 active customers. It operates through a network of offices in North America, Europe, Asia and South America. The Company also has developed global transportation and distribution networks to provide transportation and supply chain services across the world. In addition to transportation, the Company provides sourcing services (Sourcing) through Robinson Fresh (Robinson Fresh). The Company’s network of contracted transportation providers includes contract motor carriers, railroads, air freight carriers and ocean carriers. The Company’s sourcing business involves the buying, selling and marketing of fresh fruits, vegetables and other perishable items.