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): January 31, 2003
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CSX CORPORATION
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(Exact name of registrant as specified in its charter)
Virginia
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(State or other jurisdiction of
incorporation or organization)
2-63273 62-1051971
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(Commission (I.R.S. Employer
File No.) Identification No.)
901 East Cary Street, Richmond, VA 23219-4031
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(804) 782-1400
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ITEM 5. OTHER EVENTS
CSX Corporation issued a press release announcing the election of
Michael J. Ward as chairman and chief executive officer of CSX Corporation by
the CSX Board of Directors, which is filed as Exhibit 99.1 and incorporated
herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
The following exhibit is filed as part of this report.
99.1 Press Release of January 31, 2003 from CSX Corporation.
Signature
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
CSX CORPORATION
By: /s/ CAROLYN T. SIZEMORE
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Carolyn T. Sizemore
Vice President and Controller
(Principal Accounting Officer)
Date: February 5, 2003
Exhibit 99.1
Contact: Adam Hollingsworth
Susan Wiles
(904) 366-2949
WARD PROMOTED TO CHAIRMAN AND
CEO OF CSX CORPORATION
RICHMOND, Va., January 31, 2003 - The CSX Board of Directors announced
today that it has elected Michael J. Ward to serve as chairman and chief
executive officer of CSX Corporation (NYSE: CSX), in addition to his current
role as president of CSX Corporation. Ward succeeds John W. Snow, who was
confirmed yesterday by the U.S. Senate to serve as Secretary of the Treasury.
The CSX Board of Directors said, "The management succession planning
process has been in place for a number of years at CSX, and the Board of
Directors has complete confidence in Michael Ward's ability to lead the company
successfully. He brings tremendous management expertise and knowledge of the
transportation marketplace and its customers to this position. As a result, CSX
is well positioned to enhance service offerings, grow markets, increase
productivity and provide shareholder value. The improved earnings, safety record
and service performance at CSXT since Michael took the helm are attributable to
his leadership and strategy."
The Board continued by saying, "We also want to pay tribute to the
leadership and outstanding service provided by John Snow over the last quarter
century. He helped change the strategic direction and focus of CSX Corporation,
providing a stronger, rail-based foundation for the future. John's appointment
is a compliment to him and all of CSX. The Board wishes John every success as he
takes on his new responsibilities in the Bush Administration."
Ward, 52, has spent his 25-year business career with the railroad.
Before being named president of CSX Corporation in July 2002, he was president
of CSX Transportation. He also served as executive vice president-operations,
headed CSXT's coal business unit, managed Conrail merger planning and was the
railroad's chief financial officer. A native of Baltimore, Ward received a
master's degree in business administration from the Harvard Business School in
1976 and a bachelor's degree from the University of Maryland in 1972.
CSX Corporation, based in Richmond, Va., operates one of the largest
rail networks in the eastern half of the United States. It also provides
intermodal and global container terminal operations. CSXT and its 35,000
employees provide rail transportation and distribution services over a 23,000
route-mile network in 23 states, the District of Columbia and two Canadian
provinces.
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CSX's Internet Address: www.csx.com