CSX CORPORATION (NASDAQ:CSX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously reported in a Current Report on Form 8-K filed by CSX Corporation (the “Company”) on March22, 2018, Angela C. Williams was appointed Vice President and Controller of the Company.
In connection with Ms.Williams appointment, the Company entered into a Change of Control Agreement (the “Change in Control Agreement”) with Ms.Williams on April5, 2018. It generally provides that Ms.Williams will be entitled to two times her annual base salary plus target bonus in the event she (i)is terminated other than for cause, (ii)resigns for good reason, or (iii)experiences a constructive termination, in each case within three years of a change in control of the Company.
This summary of the Change of Control Agreement does not purport to be complete and is qualified in its entirety by reference to the Change of Control Agreement attached to this Current Report on Form 8-K/A as Exhibit 10.1 and incorporated herein by reference.
Item 5.02 Financial Statements and Exhibits.
(d) The following exhibit is being filed as part of this report:
CSX CORP ExhibitEX-10.1 2 d548074dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 CSX CORPORATION CHANGE OF CONTROL AGREEMENT AGREEMENT by and between CSX CORPORATION,…To view the full exhibit click here
About CSX CORPORATION (NASDAQ:CSX)
CSX Corporation, together with its subsidiaries, is a transportation company. The Company provides rail-based transportation services, including rail service and the transport of intermodal containers and trailers. The Company serves three lines of business, such as merchandise business, coal business and intermodal business. The Company’s merchandise business consists of shipments in diverse markets, such as agricultural products, phosphates and fertilizers, food and consumer, chemicals, automotive, metals, forest products, minerals, and waste and equipment. The Company’s coal business transports domestic coal, coke and iron ore to electricity-generating power plants, steel manufacturers and industrial plants, as well as exports coal to deep-water port facilities. The Company’s intermodal business combines the rail transportation with the short-haul flexibility of trucks and offers long-haul trucking.
