UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549


FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934


Date of Report (Date of earliest event reported):  October 12, 2010

WORLD FUEL SERVICES CORPORATION
(Exact name of registrant as specified in its charter)

Florida

1-9533

59-2459427

(State or other jurisdiction of

incorporation)

(Commission File

Number)

(I.R.S. Employer

Identification No.)


9800 N.W. 41st Street, Suite 400

Miami

33178

(Address of principal executive offices)

(Zip Code)


Registrant’s telephone number, including area code: (305) 428-8000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 5.02.     Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

(d) On October 12, 2010, the Board of Directors (the “Board”) of World Fuel Services Corporation (the “Company”) elected John L. Manley as a director of the Company.  Mr. Manley will serve as a member of the Audit and Governance committees.

Mr. Manley will receive the compensation currently payable to non-employee directors, which consists of annual fees of $56,000 and annual equity awards consisting of restricted stock units with a grant date value of $70,000 and stock-settled stock appreciation rights with a grant date value of $60,000, in each case, prorated to reflect the commencement date of his service on the Board.  The Company expects to enter into a Director Indemnification Agreement with Mr. Manley, the form of which was 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.

A copy of the Company’s press release announcing the election of Mr. Manley is attached hereto as Exhibit 99.1 and incorporated herein by reference.


Item 9.01.     Financial Statements and Exhibits

  (d) Exhibits
 

Exhibit No.

Description

 
99.1 Press Release, dated October 13, 2010.


SIGNATURES

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.


Date:

October 14, 2010

World Fuel Services Corporation

 
 

/s/ R. Alexander Lake

 

 

R. Alexander Lake

Senior Vice President, General Counsel and

Corporate Secretary


EXHIBIT INDEX

Exhibit

 

Description

99.1

Press Release, dated October 13, 2010.

Exhibit 99.1

World Fuel Services Corporation Names John L. Manley to the Board of Directors

MIAMI--(BUSINESS WIRE)--October 13, 2010--World Fuel Services Corporation (“World Fuel Services” or the “Company”) (NYSE: INT) announced today that it has appointed John L. Manley to the Board of Directors of the Company.

Mr. Manley, 62, retired from Deloitte & Touche LLP (“Deloitte”) in 2009 after more than 27 years as a partner, the last three years of which Mr. Manley was Managing Partner of Deloitte’s Northeast Region Audit and Enterprise Risk Services Practice. While at Deloitte, Mr. Manley was also a member of the Northeast Region’s Executive Committee, Deloitte’s Audit and Enterprise Risk Services Executive Committee and Deloitte’s Board of Directors. Mr. Manley founded and was the National Director of Deloitte’s Regulatory Consulting Practice, which included practices in financial services, health care, government contracting, energy and utilities. Before joining Deloitte, Mr. Manley had seven years of regulatory experience with the Securities and Exchange Commission and the Commodity Futures Trading Commission (“CFTC”), including serving as the Chief Accountant and Director of the Division of Trading and Markets of the CFTC.

“John brings tremendous experience and specialized expertise to our board and we are delighted to have him join the team,” said Paul H. Stebbins, Chairman and Chief Executive Officer. Tom Presby, the Company’s lead independent director, stated that, “John’s deep understanding of today’s financial, accounting and regulatory environment will be invaluable to our fast growing global company.”

Mr. Manley will serve as a member of the Audit and Governance committees.

About World Fuel Services Corporation

Headquartered in Miami, Florida, World Fuel Services is a global leader in the marketing and sale of marine, aviation and land fuel products, as well as related services. World Fuel Services sells fuel and delivers services to its clients at more than 6,000 locations in 200 countries, including airports, seaports, tanker truck loading terminals and other customer storage locations. With 44 strategically located global offices, World Fuel Services offers its clients a value-added outsource service for the supply, quality control, logistical support and price risk management of marine, aviation and land fuel.

The Company’s global team of market makers provides deep domain expertise in all aspects of marine, aviation and land fuel management. World Fuel Services’ marine customers include international container and tanker fleets and time-charter operators, as well as the United States and foreign governments. Aviation customers include commercial airlines, cargo carriers and corporate clientele, as well as the United States and foreign governments. Land customers include petroleum distributors, retail petroleum operators, and industrial, commercial and government accounts. For more information, call 305-428-8000 or visit http://www.wfscorp.com.

CONTACT:
World Fuel Services Corporation
Ira M. Birns, Executive Vice President & Chief Financial Officer
or
Francis X. Shea, Executive Vice President & Chief Risk and Administrative Officer, 305-428-8000