<SEC-DOCUMENT>0001157523-17-002699.txt : 20171017
<SEC-HEADER>0001157523-17-002699.hdr.sgml : 20171017
<ACCEPTANCE-DATETIME>20171017084623
ACCESSION NUMBER:		0001157523-17-002699
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20171017
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20171017
DATE AS OF CHANGE:		20171017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WORLD FUEL SERVICES CORP
		CENTRAL INDEX KEY:			0000789460
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-PETROLEUM & PETROLEUM PRODUCTS (NO BULK STATIONS) [5172]
		IRS NUMBER:				592459427
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09533
		FILM NUMBER:		171139932

	BUSINESS ADDRESS:	
		STREET 1:		9800 N.W. 41ST STREET
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33178
		BUSINESS PHONE:		305-428-8000

	MAIL ADDRESS:	
		STREET 1:		9800 N.W. 41ST STREET
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33178

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTERNATIONAL RECOVERY CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51699960.htm
<DESCRIPTION>WORLD FUEL SERVICES CORPORATION 8-K
<TEXT>
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    <p style="text-align: center">
      <br>
      <font style="font-family: Times New Roman; font-size: 12pt"><b>UNITED
      STATES</b></font><br><br><font style="font-family: Times New Roman; font-size: 12pt"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><br><br><font style="font-family: Times New Roman; font-size: 12pt"><b>WASHINGTON,
      D.C. 20549</b></font><br><br>
    </p>
    <hr style="text-align: center; width: 22%; height: 1.0 pt; color: #000000">


    <p>

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>FORM 8-K</b></font><br><br><font style="font-family: Times New Roman; font-size: 12pt"><b>CURRENT
      REPORT</b></font><br><br><font style="font-family: Times New Roman; font-size: 12pt"><b>PURSUANT
      TO SECTION 13 OR 15(d) OF</b></font><br><br><font style="font-family: Times New Roman; font-size: 12pt"><b>THE
      SECURITIES EXCHANGE ACT OF 1934</b></font><br><br>
    </p>
    <hr style="text-align: center; width: 22%; height: 1.0 pt; color: #000000">


    <p style="text-align: center">
      <br>
      <font style="font-family: Times New Roman; font-size: 10pt">Date of
      Report (Date of earliest event reported): &#160;October 17, 2017</font><br><br><font style="font-family: Times New Roman; font-size: 12pt"><b>WORLD
      FUEL SERVICES CORPORATION</b></font><font style="font-family: Times New Roman; font-size: 12pt"><br style="font-family: Times New Roman; font-size: 12pt"></font><font style="font-family: Times New Roman; font-size: 10pt">(Exact
      name of registrant as specified in its charter)</font><br><br>
    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="font-family: Times New Roman; margin-left:auto;margin-right:auto; width: 100%; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td style="text-align: center; width: 33%; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Florida</b>
          </p>
        </td>
        <td style="text-align: center; width: 34%; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>1-9533</b>
          </p>
        </td>
        <td style="text-align: center; width: 33%; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>59-2459427</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; width: 33%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (State or other jurisdiction of
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            incorporation)
          </p>
        </td>
        <td style="text-align: center; width: 34%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Commission File
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Number)
          </p>
        </td>
        <td style="text-align: center; width: 33%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (I.R.S. Employer
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <br>

    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="font-family: Times New Roman; margin-left:auto;margin-right:auto; width: 100%; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td style="text-align: center; width: 67%; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>9800 N.W. 41<sup>st</sup> Street</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Miami, FL</b>
          </p>
        </td>
        <td style="text-align: center; width: 33%; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>33178</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; width: 67%; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt">(Address
            of principal executive offices)</font>
          </p>
        </td>
        <td style="text-align: center; width: 33%; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt">(Zip
            Code)</font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <font style="font-size: 10pt">Registrant&#8217;s telephone number, including
      area code:</font><font style="font-size: 10pt"><b> (305) 428-8000</b></font><br>
    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font><br><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font><br><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font><br><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p>
      Indicate by check mark whether the registrant is an emerging growth
      company as defined in Rule 405 of the Securities Act of 1933 (&#194;&#167;230.405
      of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#194;&#167;240.12b-2 of this chapter).
    </p>
    <p style="white-space: nowrap">
      Emerging growth company [&#160;&#160; ]
    </p>
    <p>
      If an emerging growth company, indicate by check mark if the registrant
      has elected not to use the extended transition period for complying with
      any new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act. [&#160;&#160; ]
    </p>
    <p>

    </p>
    <div style="text-indent: 0pt; width: 100%; margin-bottom: 10pt; margin-right: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="white-space: nowrap">
      <b>Item 5.02. &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Departures of Directors or Certain Officers;
      Election of Directors; Appointment of Certain Officers; Compensatory
      Arrangements of Certain Officers.</b>
    </p>
    <p style="text-indent: 30.0px; text-align: justify">
      On October 17, 2017, World Fuel Services Corporation (the &#8220;Company&#8221;)
      announced that the Board of Directors (the &#8220;Board&#8221;) of the Company
      appointed Jeffrey P. Smith as Executive Vice President and Chief
      Operating Officer of the Company, effective October 16, 2017.&#160;&#160;
    </p>
    <p style="text-indent: 30.0px; text-align: justify">
      Mr. Smith, age 55, previously served as Chief Information Officer of
      International Business Machines Corporation (&#8220;IBM&#8221;) from August 2014
      through May 2017, where he was responsible for global information
      technology (&quot;IT&quot;) operations, including provisioning and management of
      all computing devices and all software solutions required to run IBM,
      such as Customer Relationship Management (CRM) for sales and service and
      Enterprise Resource Planning (ERP) for financials and
      manufacturing.&#160;&#160;Prior to joining IBM, Mr. Smith served as Chief
      Executive Officer of Suncorp Business Services, part of Suncorp Group
      Limited, from July 2010 to August 2014, and Chief Information Officer
      from March 2007 to July 2010.&#160;&#160;While at Suncorp, Mr. Smith was
      responsible for the Group&#8217;s technology, analytics, real estate, finance,
      procurement, and customer relationship, IT and business process
      outsourcing operations. With more than thirty years of corporate
      experience, Mr. Smith has also held senior executive roles in a number
      of companies including Telstra Corporation and Honeywell.
    </p>
    <p style="text-indent: 30.0px; text-align: justify">
      Mr. Smith will receive an annual base salary of $600,000 and will be a
      participant in the Company&#8217;s executive compensation programs in the same
      manner as the Company&#8217;s other executive officers, as described in the
      &#8220;Compensation Discussion and Analysis&#8221; sections of the Company&#8217;s proxy
      statements.&#160;&#160;In connection with the appointment, Mr. Smith was
      designated as a participating executive in the Company&#8217;s Executive
      Severance Policy (&#8220;ESP&#8221;), which was previously filed as Exhibit 10.1 to
      the Company&#8217;s Quarterly Report on Form 10-Q filed with the Securities
      and Exchange Commission (&#8220;SEC&#8221;) on July 27, 2017.
    </p>
    <p style="text-indent: 30.0px; text-align: justify">
      In addition, Mr. Smith will be granted the following restricted stock
      units (&#8220;RSUs&#8221;) on November 10, 2017: (i) a service-based RSU award in an
      amount equal to $1.5 million, which will vest equally on the third,
      fourth and fifth anniversaries of the grant date (the form of which was
      previously filed as Exhibit 10.4 to the Company&#8217;s Quarterly Report on
      Form 10-Q filed on August 2, 2011), and (ii) a performance-based RSU
      award in an amount equal to $1.5 million, which will vest in 2021 based
      on the Company&#8217;s performance during the period ending December 31, 2020
      (the form of which was previously filed as Exhibit 10.18 to the
      Company&#8217;s Annual Report on Form 10-K filed with the SEC on February 21,
      2017).
    </p>
    <p style="text-indent: 30.0px; text-align: justify">
      There is no arrangement or understanding between Mr. Smith and any other
      person pursuant to which Mr. Smith was appointed an officer of the
      Company that would require disclosure under item 401(b) of Regulation
      S-K. Additionally, there is no family relationship between Mr. Smith and
      any other person that would require disclosure under item 401(d) of
      Regulation S-K. Mr. Smith is also not a party to any transaction that
      would require disclosure under Item 404(a) of Regulation S-K.
    </p>
    <p style="text-indent: 30.0px; text-align: justify">
      Effective October 16, 2017, Carlos M. Velazquez, the Company&#8217;s Senior
      Vice President &#8211; Financial Operations and principal accounting officer
      will now be reporting to Mr. Smith and the Company&#8217;s Executive Vice
      President and Chief Financial Officer, Ira M. Birns, has assumed the
      responsibilities of principal accounting officer. Mr. Birns will not
      receive any additional compensation in connection with assuming the
      responsibilities.
    </p>
    <p style="text-align: justify">
      <b>Item 7.01. Regulation and FD Disclosure</b>
    </p>
    <p style="text-indent: 30.0px; text-align: justify">
      A copy of the Company&#8217;s press release announcing the appointment of Mr.
      Smith is attached hereto as Exhibit 99.1.
    </p>
    <p style="white-space: nowrap">
      <b>Item 9.01.&#160;&#160;Financial Statements and Exhibits</b><br>
    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="font-family: Times New Roman; margin-left:auto;margin-right:auto; width: 100%; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td style="text-align: right; width: 7%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (d)
          </p>
        </td>
        <td style="width: 3%">
          &#160;
        </td>
        <td style="text-align: left; width: 10%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Exhibits
          </p>
        </td>
        <td style="width: 80%">

        </td>
      </tr>
      <tr>
        <td style="width: 7%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 10%">

        </td>
        <td style="width: 80%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 7%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="text-align: left; width: 10%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Exhibit No.</u>&#160;&#160;&#160;&#160;
          </p>
        </td>
        <td style="text-align: left; width: 80%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Description</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 7%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="text-align: left; width: 10%; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            99.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          </p>
        </td>
        <td style="text-align: left; width: 80%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Press Release, dated October 17, 2017.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 7%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 10%">

        </td>
        <td style="width: 80%">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="text-indent: 0pt; width: 100%; margin-bottom: 10pt; margin-right: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: left">

    </p>
    <p style="text-align: center">
      <b>SIGNATURES</b>
    </p>
    <p style="text-align: left">
      Pursuant to the requirements of the Securities Exchange Act of 1934, the
      registrant has duly caused this report to be signed on its behalf by the
      undersigned, thereunto duly authorized.
    </p>
    <p style="text-indent: 30.0px; text-align: justify">

    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="font-family: Times New Roman; margin-left:auto;margin-right:auto; width: 100%; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td style="text-align: left; width: 5%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Date:
          </p>
        </td>
        <td style="text-align: left; width: 47%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            October 17, 2017
          </p>
        </td>
        <td style="text-align: left; width: 5%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td colspan="2" style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>World Fuel Services Corporation</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 47%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 33%">

        </td>
        <td style="text-align: left; width: 10%; padding-left: 0.0px" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 47%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 33%">

        </td>
        <td style="text-align: left; width: 10%; padding-left: 0.0px" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 47%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="border-bottom-style: solid; text-align: left; width: 33%; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ Ira M. Birns
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; width: 5%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="text-align: left; width: 47%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 5%">

        </td>
        <td colspan="2" style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Ira M. Birns,
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 47%">

        </td>
        <td style="width: 5%">

        </td>
        <td colspan="2" style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Executive Vice President and Chief Financial
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 47%">

        </td>
        <td style="width: 5%">

        </td>
        <td colspan="2" style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: justify">

    </p>
    <div style="text-indent: 0pt; width: 100%; margin-bottom: 10pt; margin-right: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: justify">

    </p>
    <p style="text-align: center">
      EXHIBIT INDEX<br><br>
    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="font-family: Times New Roman; margin-left:auto;margin-right:auto; width: 100%; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td style="border-bottom-style: solid; text-align: left; width: 12%; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Exhibit
          </p>
        </td>
        <td style="text-align: left; width: 5%; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: left; width: 78%; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Description
          </p>
        </td>
        <td style="width: 5%">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; width: 12%; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <a href="a51699960ex99_1.htm">99.1</a>
          </p>
        </td>
        <td style="width: 5%">

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          <p style="margin-bottom: 0px; margin-top: 0px">
            <a href="a51699960ex99_1.htm">Press Release, dated October 17,
            2017.</a>
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<TYPE>EX-99.1
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<FILENAME>a51699960ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>World
      Fuel Services Corporation Appoints Jeff Smith as Chief Operating Officer</b></font>
    </p>
    <p>
      MIAMI--(BUSINESS WIRE)--October 17, 2017--World Fuel Services
      Corporation (NYSE: INT) today announced the appointment of Jeff Smith as
      Executive Vice President and Chief Operating Officer of the company.
    </p>
    <p>
      With more than thirty years of corporate experience, Mr. Smith brings to
      World Fuel Services extensive operational and management experience in
      driving global transformation to complex operating models. Mr. Smith
      most recently served as Chief Information Officer of International
      Business Machines Corporation (&#8220;IBM&#8221;) from August 2014 through May 2017,
      where he was responsible for managing all front and back office systems
      and support for multiple domains including digital, supply chain,
      manufacturing, financial, and application services. Mr. Smith has also
      led both information technology and corporate business strategy in his
      roles as Chief Information Officer or Chief Executive Officer of large
      complex organizations in telecommunications, technology and financial
      services, including Suncorp Business Services, Telstra Corporation and
      Honeywell.
    </p>
    <p>
      &#8220;We are excited to have Jeff join us to accelerate our digital
      transformation,&#8221; said Michael J. Kasbar, chairman and chief executive
      officer. &#8220;His expertise in bringing agility to business teams will be
      instrumental in driving improved operational performance to provide an
      exceptional experience for our customers and suppliers.&#8221;
    </p>
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    <p>
      <u>Information Relating to Forward-Looking Statements</u>
    </p>
    <p>
      This release includes forward-looking statements within the meaning of
      the Private Securities Litigation Reform Act of 1995, including
      statements regarding our expectations about our digital transformation
      and driving improved operational performance. These forward-looking
      statements are qualified in their entirety by cautionary statements and
      risk factor disclosures contained in the company&#8217;s Securities and
      Exchange Commission (&#8220;SEC&#8221;) filings, including the company&#8217;s Annual
      Report on Form 10-K filed with the SEC on February 21, 2017. Actual
      results may differ materially from any forward-looking statements due to
      risks and uncertainties, including, but not limited to: our ability to
      effectively leverage technology and operating systems and realize
      anticipated benefits of digitizing our business, our ability to
      successfully execute and achieve efficiencies and other benefits related
      to our transformation initiatives, our ability to integrate and derive
      benefits from acquired businesses, our ability to capitalize on new
      market opportunities, the impact of quarterly fluctuations in results,
      the creditworthiness of our customers and counterparties and our ability
      to collect accounts receivable, fluctuations in world oil prices or
      foreign currency, changes in political, economic, regulatory, or
      environmental conditions, adverse conditions in the markets or
      industries in which we or our customers and suppliers operate, potential
      liabilities and the extent of any insurance coverage, the outcome of
      pending litigation and other proceedings, our failure to effectively
      hedge certain financial risks associated with the use of derivatives,
      non-performance by counterparties or customers on derivatives contracts,
      loss of, or reduced sales, to a significant government customer,
      uninsured losses, the impact of natural disasters, adverse results in
      legal disputes, unanticipated tax liabilities, our ability to retain and
      attract senior management and other key employees and other risks
      detailed from time to time in the company&#8217;s SEC filings. New risks
      emerge from time to time and it is not possible for management to
      predict all such risk factors or to assess the impact of such risks on
      our business. Accordingly, we undertake no obligation to publicly update
      or revise any forward-looking statements, whether as a result of new
      information, changes in expectations, future events, or otherwise.
    </p>
    <p>
      <u>About World Fuel Services Corporation</u>
    </p>
    <p>
      Headquartered in Miami, Florida, World Fuel Services is a global energy
      management company involved in providing energy procurement advisory
      services, supply fulfillment and transaction and payment management
      solutions to commercial and industrial customers, principally in the
      aviation, marine and land transportation industries. World Fuel Services
      sells fuel and delivers services to its clients at more than 8,000
      locations in more than 200 countries and territories worldwide.
    </p>
    <p>
      For more information, call 305-428-8000 or visit <u>www.wfscorp.com</u>.
    </p>
    <p>
      CONTACT:<br>World Fuel Services Corporation<br>Ira M. Birns, 305-428-8000<br>Executive
      Vice President &amp; Chief Financial Officer
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