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 22, 1997
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 22, 1997, at which a total of
19,583,796 shares were represented at the meeting comprising 91.90% of the
outstanding shares of the Company entitled to vote at the meeting on the
record date (February 24, 1997). The following directors were duly elected
to serve for terms ending in 2000, in each case by an affirmative vote in
excess of 86.93% of the shares represented at the meeting:
Robert S. Cline
Richard M. Rosenberg
William Swindells
The following are continuing directors with terms expiring as
indicated:
Terms Expiring in 1998
----------------------
Andrew F. Brimmer
Harold M. Messmer, Jr.
Mary Agnes Wilderotter
Terms Expiring in 1999
----------------------
Robert G. Brazier
James H. Carey
Andrew B. Kim
The shareholders, by an affirmative vote of 91.77% of the outstanding
shares and 99.85% 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 22, 1997,
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 declared a quarterly cash dividend of $.075 per
share on the Common Stock of the Company payable on May 20, 1997 to
shareholders of record on May 6, 1997.
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 April 30, 1997.
