Global Industrial Co. Announces Executive and Director Changes
Ticker: GIC · Form: 8-K · Filed: Aug 8, 2025 · CIK: 945114
| Field | Detail |
|---|---|
| Company | Global Industrial CO (GIC) |
| Form Type | 8-K |
| Filed Date | Aug 8, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-composition, executive-compensation
TL;DR
Global Industrial Co. shaking up leadership and board on Aug 7th.
AI Summary
Global Industrial Company announced on August 7, 2025, changes in its executive and director roles. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key executives. These changes are effective as of August 7, 2025.
Why It Matters
Changes in leadership and board composition can signal shifts in company strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in executive and director roles can introduce uncertainty regarding future strategy and operational stability.
Key Numbers
- 1-13792 — SEC File Number (Identifies the company's filing with the SEC.)
- 11-3262067 — IRS Employer Identification No. (Company's tax identification number.)
- (516) 608-7000 — Business Phone (Contact number for the company's principal executive offices.)
Key Players & Entities
- GLOBAL INDUSTRIAL Co (company) — Registrant
- August 7, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- 11 Harbor Park Drive, Port Washington, New York 11050 (address) — Principal Executive Offices
- SYSTEMAX INC (company) — Former Company Name
- GLOBAL DIRECTMAIL CORP (company) — Former Company Name
FAQ
What specific roles have been affected by the departure of officers and directors?
The filing indicates the departure of 'certain officers' and 'certain directors' but does not specify the exact roles in this section of the 8-K.
Who are the newly elected directors?
The filing mentions the election of directors but does not list their names in the provided text.
What are the details of the updated compensatory arrangements?
The filing notes updates to 'Compensatory Arrangements of Certain Officers' but does not provide specific details on these arrangements in the text.
When were these changes effective?
The changes reported in this 8-K were effective as of August 7, 2025.
Has Global Industrial Company undergone previous name changes?
Yes, the company was formerly known as SYSTEMAX INC (name change effective June 22, 1999) and GLOBAL DIRECTMAIL CORP (name change effective May 9, 1995).
Filing Stats: 476 words · 2 min read · ~2 pages · Grade level 12.8 · Accepted 2025-08-08 16:05:52
Key Financial Figures
- $1,000,000 — warded a one-time special cash bonus of $1,000,000 (the "Bonus") to Richard B. Leeds, the
Filing Documents
- gic-20250807.htm (8-K) — 28KB
- 0000945114-25-000044.txt ( ) — 140KB
- gic-20250807.xsd (EX-101.SCH) — 2KB
- gic-20250807_lab.xml (EX-101.LAB) — 21KB
- gic-20250807_pre.xml (EX-101.PRE) — 12KB
- gic-20250807_htm.xml (XML) — 3KB
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: August 8, 2025 By: /s/ Thomas Clark Name: Thomas Clark Title: Senior Vice President and Chief Financial Officer