Management Change/Compensation Form 8 K

ITEM 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

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As previously disclosed on September 26, 2024, Michael E. Newcity, Chief Innovation Officer of ArcBest Corporation (the "Company") and President of the Company's subsidiary, ArcBest Technologies, Inc., announced his intent to retire in December 2024. His retirement will be effective December 31, 2024. On October 29, 2024, the Compensation Committee of the Board of Directors of the Company approved entry into a consulting agreement (the "Agreement") with Mr. Newcity pursuant to which he will perform consulting services for the Company over a period of two years, commencing January 1, 2025 and ending on December 31, 2026. The Agreement will become effective on January 1, 2025.

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Under the terms of the Agreement, Mr. Newcity will be paid $22,916.67 per month and be reimbursed for reasonable and necessary business expenses. Mr. Newcity is subject to confidentiality, non-competition and non-solicitation covenants. For the term of the Agreement, Mr. Newcity will not engage in competitive activities with the Company and its affiliates or solicit customers or employees of the Company or otherwise interfere with the business of the Company and its affiliates. In the event the consulting relationship is terminated by the Company without cause, the consulting fees will continue through the original term of the Agreement. Otherwise, the consulting fees will terminate upon termination of the Agreement.

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The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by the complete text of the Agreement, the form of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

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As previously announced, upon Mr. Newcity's retirement, Dennis L. Anderson, the Company's Chief Strategy Officer, will assume Mr. Newcity's responsibilities as Chief Innovation Officer under the new title of Chief Strategy and Innovation Officer. Starting in 2025, in connection with his new role, Mr. Anderson will be entitled to (i) an increase in annual base salary to $438,000, (ii) a target annual cash incentive opportunity to be set at 65% of his base salary payable upon the attainment of certain company-wide performance goals for fiscal 2025, (iii) a long-term cash incentive opportunity of $330,000 payable upon the attainment of certain company-wide performance goals for the three-year period ended December 31, 2027 (or such other amount as may be determined by the Compensation Committee) and (iv) an equity grant with a target value of $220,000 (or such other amount as may be determined by the Compensation Committee), with such equity grant to be made and cash incentives to be approved when the Compensation Committee approves cash incentives and equity grants for management, which is expected to occur at the Compensation Committee's regularly scheduled meeting in the second quarter of 2025.

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