UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported): February 5, 2020
WORLD FUEL SERVICES CORPORATION
(Exact name of registrant as specified in its charter)
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Florida
(State or other jurisdiction of incorporation)
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001-09533
(Commission File Number)
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59-2459427
(I.R.S. Employer Identification No.)
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9800 N.W. 41st Street
Miami, Florida
(Address of principal executive offices)
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33178
(Zip Code)
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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))
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, par value $0.01 per share
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INT
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New York Stock Exchange
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or
Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departures of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective February 5, 2020, the Board of Directors (the “Board”) of World Fuel Services
Corporation (the “Company”) elected Sharda Cherwoo as a director of the Company. Ms. Cherwoo will serve as a member of the Technology and Operations and Governance committees.
Ms. Cherwoo will receive the standard non-employee director compensation for serving on the
Board and its committees, including 1,590 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 2020 annual meeting of shareholders or (ii) May 24,
2020.
The Company also entered into a director indemnification agreement with Ms. Cherwoo, 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 Ms. Cherwoo and any other person pursuant to
which Ms. Cherwoo was selected as a director of the Company. Ms. Cherwoo 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 Ms. Cherwoo is attached hereto
as Exhibit 99.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
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99.1
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Press Release, dated February 5, 2020.
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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: February 11, 2020
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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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Executive Vice President, Chief Legal Officer |
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and Corporate Secretary |
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