UNITED STATES
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
June 29, 2006
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Date of Report (Date of earliest event reported)
Con-way Inc.
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(Exact name of registrant as specified in its charter)
Delaware 1-5046 94-1444798
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation or Number)
organization)
2855 Campus Drive, Suite 300, San Mateo, California 94403
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(Address of principal executive offices)
(zip code)
Registrant's telephone number, including area code:
(650) 378-5200
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(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligations of the registrant
under any of the following provisions (see General Instruction A.2
below):
[ ] 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))
ITEM 8.01 OTHER EVENTS
On June 23, 2006, General Motors Corporation ("GM") informed Con-way Inc.
("Con-way") that it intends to exercise its right to purchase Con-way's
interest in Vector SCM, LLC ("Vector"). The joint venture was formed by
Menlo Worldwide, LLC ("MWW"), Con-way's global contract logistics subsidiary,
and GM in December 2000 to deliver lead logistics provider services for GM's
global supply chain. The terms of the joint venture give GM the right to
exercise a buy-out of Con-way's interest in Vector, subject to agreement on
valuation, terms and conditions. The companies will promptly enter into
discussions intended to establish a valuation for the venture. Vector will
provide ongoing services and support to GM during the valuation process and
during a subsequent post-transaction transition period to ensure smooth
transition of services, personnel and functions. Upon completion of the sale
of its interest in Vector, Con-way will no longer receive any income from the
joint venture. Contracts where Vector is providing services to non-GM
entities will be transitioned to MWW.
A copy of the press release Con-way filed on June 29, 2006 to announce GM's
exercise of its call right and intent to purchase Con-way's interest in
Vector is attached hereto as Exhibit 99 and incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
Exhibit No. Description
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99 Press Release dated June 29, 2006
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 hereunto duly
authorized.
Con-way Inc.
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(Registrant)
June 29, 2006 /s/ Jennifer W. Pileggi
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Jennifer W. Pileggi
Senior Vice President,
General Counsel & Secretary