Global Industrial Co. Reports Board Changes & Compensation
Ticker: GIC · Form: 8-K · Filed: Feb 10, 2025 · CIK: 945114
Sentiment: neutral
Topics: corporate-governance, executive-compensation, filing-update
TL;DR
Global Industrial Co. filed an 8-K detailing board changes and executive pay. Filing date Feb 10, 2025.
AI Summary
Global Industrial Company announced on February 7, 2025, changes in its board of directors and executive compensation arrangements. The filing also includes financial statements and exhibits, with the report being filed on February 10, 2025. Specific details regarding the departures, elections, appointments, and compensatory arrangements are provided within the document.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance and disclosure, with no immediate financial distress or significant operational changes indicated.
Key Numbers
- 0000945114 — Accession Number (Unique identifier for the filing)
- 001-13792 — SEC File Number (SEC's file number for the company)
- 11-3262067 — IRS Employer Identification No. (Company's tax identification number)
Key Players & Entities
- GLOBAL INDUSTRIAL Co (company) — Registrant
- February 7, 2025 (date) — Date of earliest event reported
- February 10, 2025 (date) — Filing date
- 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 items are covered under the 'ITEM INFORMATION' section of this 8-K filing?
The filing covers 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers', 'Regulation FD Disclosure', and 'Financial Statements and Exhibits'.
When was the earliest event reported in this filing?
The earliest event reported was on February 7, 2025.
What is the principal executive office address for Global Industrial Company?
The principal executive office is located at 11 Harbor Park Drive, Port Washington, New York 11050.
What were some of Global Industrial Company's former names?
Global Industrial Company was formerly known as SYSTEMAX INC and GLOBAL DIRECTMAIL CORP.
In which state is Global Industrial Company incorporated?
Global Industrial Company is incorporated in Delaware.
Filing Stats: 1,858 words · 7 min read · ~6 pages · Grade level 11.9 · Accepted 2025-02-10 08:04:00
Key Financial Figures
- $1,000,000 — commencement of her employment will be $1,000,000, and is subject to adjustment under cer
- $500,000 — e-time special cash relocation bonus of $500,000, subject to certain repayment obligatio
Filing Documents
- gic-20250207.htm (8-K) — 51KB
- gicform99121025.htm (EX-99.1) — 7KB
- globalindustriallogorgb.jpg (GRAPHIC) — 69KB
- 0000945114-25-000006.txt ( ) — 281KB
- gic-20250207.xsd (EX-101.SCH) — 2KB
- gic-20250207_lab.xml (EX-101.LAB) — 21KB
- gic-20250207_pre.xml (EX-101.PRE) — 12KB
- gic-20250207_htm.xml (XML) — 3KB
01
Item 7.01. Regulation FD Disclosure. On February 10, 2025, the Company issued a press release announcing Ms. Chaibi's appointment as Chief Executive Officer and member of the Board. The press release is attached hereto as Exhibit 99.1. The information furnished in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (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. (d) Exhibits. Exhibit 99.1 Press Release of Global Industrial Company, dated February 10, 2025. Exhibit 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: February 10, 2025 By: /s/ Thomas Clark Name: Thomas Clark Title: Senior Vice President and Chief Financial Officer