Global Industrial Co. Files 8-K: Director/Officer Changes & More
Ticker: GIC · Form: 8-K · Filed: Jul 11, 2024 · CIK: 945114
Sentiment: neutral
Topics: corporate-governance, officer-changes, filing-update
Related Tickers: GIC
TL;DR
Global Industrial Co. (GIC) filed an 8-K on 7/10, reporting director/officer changes and compensation updates. Expect more details soon.
AI Summary
Global Industrial Company filed an 8-K on July 10, 2024, reporting changes in its board of directors and certain officers, along with updates to compensatory arrangements. The filing also includes Regulation FD disclosures and financial statements/exhibits. The company, formerly known as Systemax Inc., is incorporated in Delaware and headquartered in Port Washington, NY.
Why It Matters
Changes in directorship and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing is routine corporate disclosure and does not indicate immediate financial distress or significant operational changes.
Key Numbers
- 001-13792 — SEC File Number (Identifies the company's filing history with the SEC.)
- 11-3262067 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- GLOBAL INDUSTRIAL Co (company) — Registrant
- Systemax Inc. (company) — Former Company Name
- GLOBAL DIRECTMAIL CORP (company) — Former Company Name
- Delaware (jurisdiction) — State of Incorporation
- 11 Harbor Park Drive, Port Washington, New York 11050 (address) — Principal Executive Offices
FAQ
What specific changes were made to the board of directors or certain officers?
The filing indicates a reportable event concerning the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers', but the specific details of these changes are not provided in this excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on July 10, 2024.
What is Global Industrial Company's principal executive office address?
Global Industrial Company's principal executive office is located at 11 Harbor Park Drive, Port Washington, New York 11050.
What were Global Industrial Company's previous names?
Global Industrial Company was formerly known as Systemax Inc. and prior to that, Global Directmail Corp.
What is the SIC code for Global Industrial Company?
The Standard Industrial Classification (SIC) code for Global Industrial Company is 5084, which corresponds to Wholesale-Industrial Machinery & Equipment.
Filing Stats: 866 words · 3 min read · ~3 pages · Grade level 10.4 · Accepted 2024-07-11 08:30:11
Filing Documents
- gic-20240710.htm (8-K) — 39KB
- gic991071124pressrelease.htm (EX-99.1) — 9KB
- globalindustriallogorgba.jpg (GRAPHIC) — 69KB
- 0000945114-24-000042.txt ( ) — 269KB
- gic-20240710.xsd (EX-101.SCH) — 2KB
- gic-20240710_lab.xml (EX-101.LAB) — 21KB
- gic-20240710_pre.xml (EX-101.PRE) — 12KB
- gic-20240710_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On July 11, 2024, the Company issued a press release announcing Mr. Litwin's resignation and Mr. Leeds's appointment as interim Chief Executive Officer. The press release is attached hereto as Exhibit 99.1. The information above is being furnished, not filed, pursuant to Item 7.01 of Form 8-K. Accordingly, the information in Item 7.01 of this Form 8-K, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, unless specifically identified therein as being incorporated by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. The following exhibit relating to Item 7.01 shall be deemed to be furnished, and not filed: Exhibit Index 99.1 Press Release of Global Industrial Company, dated July 11, 2024. 104 Cover Page Interactive Data File (formatted as Inline XBRL).
SIGNATURES
SIGNATURES 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 hereunto duly authorized. GLOBAL INDUSTRIAL COMPANY Date: July 11, 2024 By: /s/ Thomas Clark Name: Thomas Clark Title: Senior Vice President and Chief Financial Officer