World Fuel Services: Regulation Fd Disclosure
The following excerpt is from the company's SEC filing
On August 4, 2014, Mr. Michael J. Kasbar, the chairman and chief executive officer of World Fuel Services Corporation (the Company), entered into a pre-arranged, non-discretionary stock trading plan (the Plan) pursuant to Rule 10b5-1 of the Securities and Exchange Act of 1934, as amended (the Exchange Act). The Plan was adopted in accordance with guidelines specified under Rule 10b5-1 of the Exchange Act, and the Companys policies regarding stock transactions.
Under the Plan, Mr. Kasbar may sell up to 100,000 shares of the Companys common stock, which represents approximately 11% of his holdings. Th
e Plan provides that Mr. Kasbar may sell shares beginning on September 3, 2014 and ending on September 3, 2015. The sales are being made under the Plan for diversification and tax planning purposes.
The transactions under the Plan will be publicly disclosed to the extent required under applicable securities laws, rules and regulations through Form 4 filings with the Securities and Exchange Commission. The Company does not undertake to report Rule 10b5-1 plans that may be adopted by any of its officers or directors in the future, or to report any modifications or termination of any publicly announced trading plan, except to the extent required by law.
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: August 6, 2014
World Fuel Services Corporation
/s/ R. Alexander Lake
R. Alexander Lake
Senior Vice President, General Counsel and Corporate Secretary
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.
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Other recent filings from the company include the following:
World Fuel Services: Regulation Fd Disclosure - Oct. 16, 2014