ABX Pilots, time to answer

[FreightBumper]

Have you guys considered trying a single carrier status filing? Not that it would work, but fwiw, I think I'd be slinging anything to the wall at this point just to see if something sticks.

In the works as we type. Several things are under way.

 

[fodc8]

Doesn't this change of control protect Hete and other executives in the event of a sale of assets? If not what does it mean? Has anyone heard more about the ABXA holdings proposed name change?

http://www.sec.gov/Archives/edgar/data/894081/000119312508074248/dpre14a.htm#toc44309_69

 

[hvydriver]

>ABX Holdings has entered into change-in-control agreements with certain of its executive officers, including the named executive officers, as well as with certain executive officers of subsidiaries of the Company. The agreements provide that, in the event of a change in control of the Company or the subsidiary that employs the executive, the executive will have the right to remain employed, at not less than his respective rate of compensation in effect as of the date of the change in control, for at least four years thereafter.<

Seems to me this means that whatever subsidary got sold, some of the execs. would go with it. For example, if ABX got sold to Astar, then Graber would have the opportunity to go with the company in the sale. Hete is with Holdings now.
Either way, I think all of us on both sides of the field in ILN better fasten our seat belts and slow to maneuvering speed. It's about to get rough around here....

 

[fob727]

Hvy..what you posted might have to voted on at the shareholders meeting. Any ABX guys have any thoughts?

 

[Clipperskip]

Change of control

>ABX Holdings has entered into change-in-control agreements with certain of its executive officers, including the named executive officers, as well as with certain executive officers of subsidiaries of the Company. The agreements provide that, in the event of a change in control of the Company or the subsidiary that employs the executive, the executive will have the right to remain employed, at not less than his respective rate of compensation in effect as of the date of the change in control, for at least four years thereafter.<

Seems to me this means that whatever subsidary got sold, some of the execs. would go with it. For example, if ABX got sold to Astar, then Graber would have the opportunity to go with the company in the sale. Hete is with Holdings now.
Either way, I think all of us on both sides of the field in ILN better fasten our seat belts and slow to maneuvering speed. It's about to get rough around here....

Although I'm just a dumb pilot I believe the statement above is merely a financial protection extended to ABX Holdings and ABX Air executives. They would be entitled to four years of compensation at their present pay rates. I would doubt that their services would be required by the purchasing company.

I find the BOD's opinion of Shareholder Proposal #4 Interesting. We need our comprehensive "Poison Pill" to help us (the BOD) protect shareholder value. This comes after the BOD turned down a $7.75 a share offer from Astar Air Cargo. What is the shareholder value at this time even after the purchase of Cargo Holdings International? Around $3.00 a share. Perhaps the shareholders of ABX Holdings need protection from the ABX Holdings BOD and not Astar Air Cargo

 

[flyinboxes]

Agreed, remember also that Red Mountain is involved now, and although they own a relatively small share, they have ties and speak for many. I believe the company is being set up to be sold if necessary. I don't think it is "A done deal" but the peices are in place. ABXA could now be sold at a price of around 3.50 with all investors issued new stock in CHI. It would sail through.
I also believe FedEx is coming into the picture, and this will have a huge impact on ABXA (ground) making the sale and the excuses for it more palatable for the stock holders.