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)
April 23, 1996
AIRBORNE FREIGHT CORPORATION
(Exact name of registrant as specified in Charter)
<TABLE>
<CAPTION>
Delaware 1-6512 91-0837469
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<S> <C> <C>
State or Other Commission IRS Employer
Jurisdiction of File Number Identification Number
Incorporation
</TABLE>
3101 Western Avenue, P.O. Box 662, Seattle, Washington 98111
Address of Principal Executive Offices
Registrant's Telephone Number Including Area Code:
(206)285-4600
ITEM 5 - OTHER MATERIALLY IMPORTANT EVENTS
The annual meeting of Airborne Freight Corporation ("Airborne" or the
"Company") was held at the Cascade II Room of the Westin Hotel, 1900 Fifth
Avenue, Seattle, Washington 98101 on April 23, 1996, at which a total of
19,844,476 shares were represented at the meeting comprising 93.94% of the
outstanding shares of the Company entitled to vote at the meeting on the
record date (February 26, 1996). The following directors were duly elected
to serve for terms ending in 1999, in each case by an affirmative vote in
excess of 93.76% of the outstanding shares entitled to vote at the meeting:
Robert G. Brazier
James H. Carey
Andrew B. Kim
The following are continuing directors with terms expiring as
indicated:
Terms Expiring in 1997
----------------------
Robert S. Cline
Richard M. Rosenberg
Willima Swindells
Terms Expiring in 1998
----------------------
Andrew F. Brimmer
Harold M. Messmer, Jr.
Andrew V. Smith
The shareholders, by an affirmative vote of 93.73% of the outstanding
shares and 99.78% of the shares represented at the meeting, approved the
selection of Deloitte & Touche LLP as external auditors for the current
year.
The Airborne Board of Directors on the same date, April 23, 1996,
reelected all existing executive officers, including Robert S. Cline as
Chairman and Chief Executive Officer and Robert G. Brazier as President and
Chief Operating Officer.
The Board of Directors, in addition to declaring a quarterly cash
dividend of $.075 per share on the Common Stock of the Company payable on
May 21, 1996 to shareholders of record on May 7, 1996, declared the regular
6.9% Preferred Dividend payable June 15, 1996, to shareholders of record as
of June 1, 1996.
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
AIRBORNE FREIGHT CORPORATION
By: /s/ David C. Anderson
--------------------------
David C. Anderson
Corporate Secretary/Counsel
DATED May 6, 1996.
