World Fuel Services 8-K 2017
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Item 5.02. Departures of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective October 4, 2017, the Board of Directors (the “Board”) of World Fuel Services Corporation (the “Company”) elected Stephen J. Gold as a director of the Company. Mr. Gold will serve as a member of the Technology and Operations and Governance committees.
Mr. Gold will receive the standard non-employee director compensation for serving on the Board and its committees, including 2,732 restricted stock units representing a pro-rated portion of the annual equity grant, which will vest on the earlier of: (i) the day prior to the Company’s 2018 annual meeting of shareholders or (ii) May 25, 2018.
The Company also entered into a director indemnification agreement with Mr. Gold, the form of which was previously filed as Exhibit 99.2 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 24, 2003.
There is no arrangement or understanding between Mr. Gold and any other person pursuant to which Mr. Gold was selected as a director of the Company. Mr. Gold is also not a party to any transaction that would require disclosure under Item 404(a) of Regulation S-K.
A copy of the Company’s press release announcing the election of Mr. Gold is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.