ROADRUNNER TRANSPORTATION SYSTEMS, INC. (NYSE:RRTS) Files An 8-K Regulation FD DisclosureItem 7.01.
Regulation FD Disclosure.
On December 6, 2018, Roadrunner Transportation Systems, Inc. (the “Company”) issued a press release announcing the appointment of Michael Rapken as the Company’s Chief Information Officer. A copy of the press release is furnished as Exhibit 99.1 hereto to Item 7.01 of Form 8-K and is hereby incorporated by reference into this Item 7.01.
In accordance with General Instruction B.2 of Form 8-K, the information furnished to this Item 7.01, including Exhibit 99.1 furnished herewith, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall such be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
On December 3, 2018, the Company entered into an Employment Agreement (the “Employment Agreement”) with Mr. Rapken in connection with the appointment of Mr. Rapken as the Company’s Chief Information Officer. to the terms of the Employment Agreement, Mr. Rapken will receive an annual base salary of $280,000. Mr. Rapken is also eligible to earn bonus compensation under the Company’s bonus plan and is entitled to participate in and receive all benefits under the Company’s employee benefit programs. The Employment Agreement provides that, in the event the Company terminates Mr. Rapken’s employment without “cause” (as such term is defined in the Employment Agreement) or Mr. Rapken terminates his employment for “good reason” (as such term is defined in the Employment Agreement), the Company will (i)continue to pay Mr. Rapken his base salary for the 9-month period following the date of such termination, and (ii) pay Mr. Rapken a single-sum amount equal to the premiums that he would have to pay (based upon the COBRA premiums being charged under the Company’s health plan as of the termination date) if he had elected to continue the health insurance coverage that he was receiving under the Company’s group health plan immediately prior to the date of termination for a period of 9 months after the date of termination. Mr. Rapken must execute a general release in order to receive any severance benefits.
The foregoing description of the Employment Agreement is only a summary, does not purport to be complete, and is subject to, and qualified in its entirety by, the full text of the Employment Agreement, a copy of which is attached hereto as Exhibit 10.49.
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Roadrunner Transportation Systems, Inc. ExhibitEX-10.49 2 michaelrapkenemploymenta….To view the full exhibit click |
