Roadrunner Transportation Systems Inc. (RRTS)

[barnyarddog]

Roadrunner Transportation Systems to Deregister from SEC, Delist from NYSE
4:58 PM ET 3/26/20 | Dow Jones
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1:28 PM ET 3/27/20
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RRTS
4.98 -28.14%
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By Allison Prang

Roadrunner Transportation Systems Inc. said it is no longer going to list its stock on the New York Stock Exchange and it will also deregister with the Securities and Exchange Commission.

Roadrunner on Thursday said it decided to delist from the exchange voluntarily because it has fewer than 300 shareholders of record. It also said it was in the investors' best interest for Roadrunner to lower expenses related to listing and SEC reporting mandates.

A board committee of independent directors looked at both of these possibilities and decided to delist and deregister, Roadrunner said.

Both deregistering and delisting will "save significant costs," Chief Executive Curt Stoelting said in prepared remarks.

The freight transportation company was founded in 1984 and listed on the NYSE in 2010, according to the company's website.

Write to Allison Prang at [e-mail]

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March 26, 2020 16:58 ET (20:58 GMT)

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