SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 11, 2002
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YELLOW CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 0-12255 48-0948788
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
10990 Roe Avenue, P. O. Box 7563, Overland Park, Kansas 66207
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (913) 696-6100
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No Changes.
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(Former name or former address, if changed since last report.)
Item 5. Other Events
Yesterday, Yellow Corporation (Nasdaq: YELL) announced that following the
distribution, on or near October 1, 2002, of the shares of its SCS
Transportation, Inc. subsidiary (SCST), Yellow will continue to trade on The
Nasdaq National Market under the symbol "YELL," and SCST has been approved to
trade as a separate issue on The Nasdaq National Market under the symbol "SCST."
Yellow further announced that "when issued" trading was expected to develop for
both Yellow and SCST during the period beginning September 11, 2002 and end with
the distribution date.
The Nasdaq National Stock Market has now informed Yellow that "when issued"
trading of Yellow common stock, reflecting the distribution of SCST, is expected
to begin tomorrow, September 12, 2002, while "when issued" trading of SCST
common stock is expected to begin today. The symbol for "when issued" shares of
Yellow will be "YELLV," and the symbol for "when issued" shares of SCST will be
"SCSTV." "When issued" trading is still expected to end with the distribution
date for both Yellow and SCST when they will trade separately.
When shares of Yellow (YELL) are purchased during the "when issued" period,
shareholders will receive Yellow shares plus a "due bill" for SCST shares. A
"due bill" represents the obligation of the seller to deliver to the buyer SCST
shares received on the distribution date.
Prior to executing a stock trade during the "when issued" trading period,
shareholders should check with their stockbrokers, banks or other nominees for
details regarding the "when issued" trading markets for SCST common stock and
Yellow common stock to ensure that they understand which security they are
buying or selling.
Yellow Corporation, a Fortune 500 Company, is a holding company with wholly
owned operating subsidiaries. Its largest subsidiary, Yellow Transportation,
offers a full range of national, regional and international services for the
movement of industrial, commercial and retail goods. SCS Transportation provides
overnight and second-day LTL and selected TL services to a broad range of
industries. Meridian IQ is a non-asset based company using web-native technology
to provide customers a single source for transportation management solutions and
global shipment management. Headquartered in Overland Park, Kansas, Yellow
Corporation employs approximately 28,000 people nationally.
SIGNATURE
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.
YELLOW CORPORATION
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(Registrant)
Date: September 11, 2002 /s/ Donald G. Barger, Jr.
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Donald G. Barger, Jr.
Chief Financial Officer