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: August 19, 2003
(Date of earliest event reported)
USF CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 0-19791 36-3790696
(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation or organization) Identification Number)
8550 West Bryn Mawr Avenue, Suite 700, Chicago, Illinois 60631
(Address of principal executive offices) (Zip Code)
(773) 824-1000
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
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Item 5. Other Events.
On August 19, 2003, USF Corporation announced that
Richard P. DiStasio has been elected President and Chief
Executive Officer.
Item 7. (c) Exhibits:
Exhibit Number Description
99 News Release, dated August 19, 2003.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this Current Report to be signed on its behalf by the
undersigned hereunto duly authorized.
USF CORPORATION
By: /s/ Richard C. Pagano
Richard C. Pagano
Senior Vice President, General
Counsel & Secretary
Date: August 20, 2003
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EXHIBIT 99
FOR IMMEDIATE RELEASE: Contact: Vendely Communications, Inc.
Maggie Nye/Elizabeth Vendely - Los Angeles
maggie@vendely.com/elizabeth@vendely.com
818-623-1000
Ellen Krupp - Chicago
ellen@vendely.com
815-578-0365
USF Corporation Names Richard P. DiStasio President, CEO
Board of Directors Selects Proven Distribution and Transportation Leader
(Chicago, Illinois - August 19, 2003) Richard P. DiStasio has been named
President and Chief Executive Officer of USF Corporation (www.usfc.com). The
selection was announced by the Board of Directors of USF, a $2.25 billion leader
in the transportation industry. Mr. DiStasio, 49, will also be named to the
Board of Directors of the Company. He will join USF effective Monday, September
15, 2003.
"Mr. DiStasio brings a number of valuable attributes to the Company, including
broad-based knowledge of the transportation industry and hands-on experience in
distribution services. In his recent professional posts, he has demonstrated a
unique insight and very clear understanding of how to maximize value for
customers in the supply chain," said Neil Springer, Lead Director of USF
Corporation's Board of Directors, in making the announcement. As President and
Chief Executive Officer of The Martin-Brower Company, a global distribution
services company, Mr. DiStasio managed the largest provider of supply chain
management services to McDonald's worldwide restaurant chain. These services
include specialized distribution and extensive truck fleet operations.
"USF is fortunate to be joined by a leader with a solid track record of
improving profitability in a narrow margin business. In addition to a successful
general management career, Mr. DiStasio also brings to the Company a wealth of
experience and in-depth understanding of operations, finance, acquisitions and
business integration. We are confident that he has the right balance of
operating skills and strategic vision to meet the challenges of USF now and in
the future," Mr. Springer continued. (more)
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USF Corporation Names
Richard P. DiStasio President, CEO
Page 2
"USF has enormous capabilities and I am pleased to have this opportunity to lead
a company with so much potential for growth. The management team here is
extremely qualified and I look forward to capitalizing on their talents,"
commented Mr. DiStasio.
Initially, Mr. DiStasio will be focused on taking advantage of the Company's
strengths and strategically positioning USF to be even more responsive to the
changing demands of the transportation industry.
In 1999, Mr. DiStasio joined Reyes Holdings, LLC, a privately held food and
beverage distribution company, as Chief Financial Officer. Later he was promoted
to President, U.S. Operations for The Martin-Brower Company, an operating
company of Reyes Holdings. In 2001, Mr. DiStasio was named President and Chief
Executive Officer of Martin-Brower.
Mr. DiStasio has also held a number of other transportation and
distribution-related positions. At Maurice Sporting Goods, Incorporated, he
served as Chief Financial Officer and later Executive Vice President. He joined
GRI Corporation as Controller and was then promoted to Senior Vice President,
Operations. Both companies are based in Chicago. He earned a Bachelor of Science
Degree in Accounting at the University of Illinois in Chicago.
In addition, Mr. DiStasio serves on the University of Illinois Chicago Business
Advisory Board. He is also active in several charitable organizations, including
Catholic Charities. A Chicago native, Mr. DiStasio and his wife and four
children reside in the Chicago area.
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USF Corporation Names
Richard P. DiStasio President, CEO
Page 3
Mr. DiStasio's appointment follows an extensive search conducted by the USF
Board of Directors in which candidates from both inside and outside the
transportation industry were considered. The four-month search began after Mr.
Samuel K. Skinner announced his retirement in April 2003 as Chairman, President,
and Chief Executive Officer of USF Corporation.
USF Corporation (NASDAQ: USFC) provides a full range of supply chain management
services, offering high-value transportation solutions across North America
through a network of independently operated companies that compete collectively.
USF's five regional trucking companies-USF Bestway, USF Dugan, USF Holland, USF
Red Star, and USF Reddaway-provide industry-leading next-day, regional (USF
PremierSM) and national (USF PremierPlusSM) less-than-truckload services. USF
Glen Moore is one of the fastest growing providers of premium regional and
national truckload services. USF Logistics Services is a full-service provider
of transportation management, contract warehousing, dedicated fleet, cross
docking, domestic ocean services and reverse logistics. USF Technology Services
is a provider of information integration and support services to USF and its
customers, including USF Net web-based services. For more information, visit
www.usfc.com.
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For more information contact:
Vendely Communications, Inc.
Maggie Nye maggie@vendely.com /Elizabeth Vendely elizabeth@vendely.com
Los Angeles 818-623-1000 fax 818-623-1881
Ellen Krupp ellen@vendely.com
Chicago 815-578-0365 fax 815-578-0295