Rochester, NY 6/30/2009 4:49:45 AM
After Hours - PACR - Pacer Intl. Change in Directors or Principal Officers - Sourced WhisperFromWallStreet.com
Pacer International, Inc.
After Hours - PACR - Pacer Intl. Change in Directors or Principal Officers - Sourced WhisperFromWallStreet.com
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Pacer International, Inc.,PACR
After Hours: 2.17 Up 0.08 (3.83%) 5:04PM ET
On June 1, 2009, the company's Board of Directors expanded the size of the Board to eight members and appointed Dennis Chantland to the Board as a Class III director, with such appointment to be effective as of such date. Mr. Chantland was also appointed as a member of the audit committee. Mr. Chantland will serve as a director until the 2010 annual meeting of shareholders, at which time in accordance with the Tennessee Business Corporation Act he will be considered for election for the remaining two-year term of a Class III director expiring at the 2012 annual meeting of shareholders.
Mr. Chantland's compensation for his services as a director will be consistent with that of our other non-employee directors, as described in our definitive proxy statement with respect to our 2009 annual meeting of shareholders filed with the Securities and Exchange Commission on March 16, 2009, including, consistent with past practice, the grant, as of June 1, 2009, of a nonqualified stock option to purchase 12,000 shares of the company's common stock under the 2006 Long-Term Incentive Plan. Such grant will vest in four equal annual installments beginning on June 1, 2010, the first anniversary of the grant date. Other than the foregoing standard compensation arrangements, there are no arrangements or understandings between Mr. Chantland and any other person pursuant to which he was appointed as a director. Mr. Chantland is not a party to any transaction with the Company that would require disclosure under Item 404(a) of Regulation S-K.
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 hereunto duly authorized.
ABOUT
Pacer International, Inc. operates as a non-asset based third-party logistics provider in North America. The company operates in two segments, Intermodal and Logistics. The Intermodal segment provides stacktrain, rail brokerage, and local cartage services principally to intermodal marketing companies, truck brokers, truckload carriers, automotive intermediaries, and international shipping companies.
Last Trade: 2.09
Day's Range: 1.82 - 2.18
52wk Range: 1.57 - 25.21
Volume: 1,566,741
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