World Fuel Services Corporation COO Enters into Pre-Arranged Stock Trading Plan
December 15 2008 - 6:51PM
Business Wire
World Fuel Services Corporation (NYSE:INT) today announced that its
President and Chief Operating Officer, Michael J. Kasbar, has
entered into a pre-arranged, non-discretionary stock trading plan.
Sales under this plan will cover approximately 15% of Mr. Kasbar�s
holdings and are being made for diversification and tax planning
purposes. Transactions are expected to occur at predetermined times
from January 15, 2009 through February 27, 2009 and will be
publicly disclosed through Form 4 filings with the Securities and
Exchange Commission. The plan was adopted in accordance with
guidelines specified under Rule 10b5-1 of the Securities Exchange
Act of 1934, as amended, and World Fuel Services� policies
regarding stock transactions. Rule 10b5-1 permits individuals who
are not in possession of material, non-public information at the
time the plan is adopted to establish pre-arranged plans to buy or
sell company stock. These plans allow individuals to achieve
prudent and gradual asset diversification over time. About World
Fuel Services Corporation Headquartered in Miami, Florida, World
Fuel Services Corporation is a global leader in the marketing and
sale of marine, aviation and land fuel products and related
services. World Fuel Services provides fuel and related services at
more than 2,500 airports, seaports and tanker truck loading
terminals in over 190 countries around the world. With 44 offices
(including satellite offices) strategically located throughout the
world, World Fuel Services offers its customers a value-added
outsource service for the supply, quality control, logistical
support and price risk management of marine, aviation and land
fuel. The Company�s global team of market makers provides deep
domain expertise in all aspects of marine, aviation and land fuel
management. World Fuel Services� marine customers include
international container and tanker fleets and time-charter
operators, as well as the United States and foreign governments.
Aviation customers include commercial airlines, cargo carriers and
corporate clientele, as well as the United States and foreign
governments. Land customers include petroleum distributors, retail
petroleum operators, and industrial, commercial and government
accounts. For more information, call (305) 428-8000 or visit
http://www.wfscorp.com.
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