ROADRUNNER TRANSPORTATION SYSTEMS, INC. (NYSE:RRTS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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ROADRUNNER TRANSPORTATION SYSTEMS, INC. (NYSE:RRTS) 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.

As previously announced, Grant M. Crawford’s employment as the President – Roadrunner Freight of Roadrunner Transportation Systems, Inc. (the “Company”) was terminated on June 7, 2017 (the “Effective Date”). On June 15, 2017, the Company and Mr. Crawford entered into a Separation Agreement and Release (the “Separation Agreement”). The Separation Agreement provides that, if Mr. Crawford does not revoke his acceptance of the Separation Agreement within the applicable seven-day revocation period, (a) Mr. Crawford will receive his base salary for a period of twenty-six (26) weeks, (b)certain of Mr. Crawford’s outstanding and unvested time-based restricted stock units will vest, and (c)Mr. Crawford will receive a payment equal to $11,834.34 to be used by Mr. Crawford to obtain health insurance coverage or for any other purpose chosen by Mr. Crawford. The Separation Agreement contains a release and certain restrictive covenants that are binding upon Mr.Crawford.

The foregoing is a summary only and does not purport to be a complete description of all of the terms, provisions, covenants and agreements contained in the Separation Agreement, and is subject to and qualified in its entirety by reference to the complete text of the Separation Agreement, a copy of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ending June 30, 2017.


About ROADRUNNER TRANSPORTATION SYSTEMS, INC. (NYSE:RRTS)

Roadrunner Transportation Systems, Inc. (RRTS) is an asset-light transportation and logistics service provider. The Company offers a suite of global supply chain solutions, including truckload logistics (TL), customized and expedited less-than-truckload (LTL), intermodal solutions (transporting a shipment by over one mode, primarily through rail and truck), freight consolidation, inventory management, expedited services, air freight, international freight forwarding, customs brokerage and transportation management solutions. The Company operates through three segments: Truckload Logistics, Less-than-Truckload and Global Solutions. The Company utilizes a third-party network of transportation providers, consisting of independent contractors (ICs) and purchased power providers, to serve a diverse customer base. It primarily focuses on small to mid-size shippers.

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