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): January 1, 2015
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. Departures of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective January 1, 2015, the Board of Directors (the “Board”) of World Fuel Services Corporation (the “Company”) elected Jorge L. Benitez as a director of the Company. Mr. Benitez will serve as a member of the Technology and Operations and Governance committees.
Mr. Benitez will receive the standard non-employee director compensation for serving on the Board and its committees, including 1,234 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 2015 annual meeting of shareholders or (ii) May 29, 2015.
The Company also entered into a director indemnification agreement with Mr. Benitez, 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. Benitez and any other person pursuant to which Mr. Benitez was selected as a director of the Company. Mr. Benitez 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. Benitez is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
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(c) |
Exhibits |
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Exhibit No. |
Description |
||
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99.1 |
Press Release, dated January 5, 2015 |
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: |
January 5, 2015 |
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World Fuel Services Corporation |
|
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/s/ R. Alexander Lake |
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R. Alexander Lake |
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Senior Vice President, General Counsel and |
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Corporate Secretary |
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EXHIBIT INDEX
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Exhibit No. |
Description |
|
|
99.1 |
Press Release, dated January 5, 2015. |
Exhibit 99.1
World Fuel Services Corporation Names Jorge L. Benitez to the Board of Directors
MIAMI--(BUSINESS WIRE)--January 5, 2015--World Fuel Services Corporation (NYSE: INT) today announced that it has appointed Jorge L. Benitez to the Board of Directors of the company.
Mr. Benitez retired from Accenture in August 2014 after more than 33 years of service, the last three years of which Mr. Benitez served as Chief Executive of North America, where he had primary responsibility for Accenture’s business and operations in North America. From September 2006 to August 2011, Mr. Benitez served as Chief Operating Officer, Products Operating Group, the largest of Accenture’s five operating groups, where he was responsible for executing the business strategy and ensuring operational excellence across a wide set of consumer industry groups, including: automotive; air, freight & travel services; industrial equipment; and infrastructure & transportation services. Prior to that, Mr. Benitez held various senior leadership roles and other positions since joining Accenture in 1981.
“We are extremely pleased to welcome Jorge to our board,” said Michael J. Kasbar, chairman and chief executive officer. “His strategic and operational experience will prove invaluable on our path forward to creating value for our customers, suppliers and shareholders in the years ahead.”
Mr. Benitez will serve as a member of the Technology and Operations and Governance committees.
About World Fuel Services Corporation
Headquartered in Miami, Florida, World Fuel Services is a global fuel logistics, transaction and payment processing company, principally engaged in the distribution of fuel and related products and services in the aviation, marine and land transportation industries. World Fuel Services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide.
The company's global team of market makers provides deep domain expertise in all aspects of aviation, marine and land fuel management. Aviation customers include commercial airlines, cargo carriers, private aircraft and fixed base operators (FBOs), as well as the United States and foreign governments. World Fuel Services' marine customers include international container and tanker fleets, cruise lines and time-charter operators, as well as the United States and foreign governments. Land customers include petroleum distributors, retail petroleum operators, and industrial, commercial, and government accounts. The company also offers transaction management services which consist of card payment solutions and merchant processing services to customers in the aviation, marine and land transportation industries. For more information, call 305-428-8000 or visit www.wfscorp.com.
CONTACT:
World Fuel Services Corporation
Ira M. Birns, 305-428-8000
Executive
Vice President & Chief Financial Officer