GLOBAL INDUSTRIAL Co Files DEF 14A with Executive Compensation Details

Ticker: GIC · Form: DEF 14A · Filed: Apr 24, 2024 · CIK: 945114

Sentiment: neutral

Topics: DEF 14A, Executive Compensation, GLOBAL INDUSTRIAL Co, Equity Awards, Financial Reporting

TL;DR

<b>GLOBAL INDUSTRIAL Co has filed its DEF 14A, detailing executive compensation and financial reporting for the period ending December 31, 2023.</b>

AI Summary

GLOBAL INDUSTRIAL Co (GIC) filed a Proxy Statement (DEF 14A) with the SEC on April 24, 2024. Filing is a DEF 14A for GLOBAL INDUSTRIAL Co, reporting period ending 2023-12-31. The company was formerly known as SYSTEMAX INC and GLOBAL DIRECTMAIL CORP. The filing includes data related to executive compensation, specifically pension adjustments and equity awards for 2020-2023. Key dates include the filing date of 2024-04-24 and the reporting period end of 2023-12-31. The company's principal executive offices are located at 11 Harbor Park Drive, Port Washington, NY.

Why It Matters

For investors and stakeholders tracking GLOBAL INDUSTRIAL Co, this filing contains several important signals. This DEF 14A filing provides crucial insights into the compensation structure and equity awards for GLOBAL INDUSTRIAL Co's top executives, which can influence investor perception and executive retention. Understanding the details of executive compensation and the company's historical financial performance, as presented in this filing, is important for shareholders evaluating management's effectiveness and the company's overall financial health.

Risk Assessment

Risk Level: low — GLOBAL INDUSTRIAL Co shows low risk based on this filing. The filing is a routine DEF 14A, which typically contains standard disclosures about executive compensation and corporate governance, posing minimal new risk.

Analyst Insight

Review the executive compensation details and any changes in equity awards to assess potential impacts on shareholder value and executive incentives.

Key Numbers

Key Players & Entities

FAQ

When did GLOBAL INDUSTRIAL Co file this DEF 14A?

GLOBAL INDUSTRIAL Co filed this Proxy Statement (DEF 14A) with the SEC on April 24, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by GLOBAL INDUSTRIAL Co (GIC).

Where can I read the original DEF 14A filing from GLOBAL INDUSTRIAL Co?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by GLOBAL INDUSTRIAL Co.

What are the key takeaways from GLOBAL INDUSTRIAL Co's DEF 14A?

GLOBAL INDUSTRIAL Co filed this DEF 14A on April 24, 2024. Key takeaways: Filing is a DEF 14A for GLOBAL INDUSTRIAL Co, reporting period ending 2023-12-31.. The company was formerly known as SYSTEMAX INC and GLOBAL DIRECTMAIL CORP.. The filing includes data related to executive compensation, specifically pension adjustments and equity awards for 2020-2023..

Is GLOBAL INDUSTRIAL Co a risky investment based on this filing?

Based on this DEF 14A, GLOBAL INDUSTRIAL Co presents a relatively low-risk profile. The filing is a routine DEF 14A, which typically contains standard disclosures about executive compensation and corporate governance, posing minimal new risk.

What should investors do after reading GLOBAL INDUSTRIAL Co's DEF 14A?

Review the executive compensation details and any changes in equity awards to assess potential impacts on shareholder value and executive incentives. The overall sentiment from this filing is neutral.

How does GLOBAL INDUSTRIAL Co compare to its industry peers?

GLOBAL INDUSTRIAL Co operates in the wholesale - industrial machinery & equipment sector.

Are there regulatory concerns for GLOBAL INDUSTRIAL Co?

The filing is a DEF 14A, which is a proxy statement filed with the SEC detailing information about the solicitation of proxies for an annual meeting of shareholders.

Industry Context

GLOBAL INDUSTRIAL Co operates in the wholesale - industrial machinery & equipment sector.

Regulatory Implications

The filing is a DEF 14A, which is a proxy statement filed with the SEC detailing information about the solicitation of proxies for an annual meeting of shareholders.

What Investors Should Do

  1. Analyze the executive compensation tables for any significant changes or trends in pay structure.
  2. Examine the details of equity awards granted to executives and their potential vesting schedules.
  3. Cross-reference the information in this DEF 14A with previous filings to identify any material changes in corporate governance or executive compensation policies.

Key Dates

Year-Over-Year Comparison

This filing is a DEF 14A, which is a proxy statement. Specific comparative financial data from a prior filing is not directly available in this extract, but it does reference prior fiscal years for executive compensation data (2020-2023).

Filing Stats: 4,383 words · 18 min read · ~15 pages · Grade level 17.6 · Accepted 2024-04-24 16:23:56

Filing Documents

Executive Compensation

Executive Compensation 51 Summary Compensation Table 51 Grants of Plan-Based Awards in 2023 52 Outstanding Equity Awards at Year-End for Fiscal Year 202 3 53 Option Exercises and Stock Vested for Fiscal Year 202 3 54 Employment Arrangements with Named Executive Officers 55 Potential Payments Upon Termination of Employment or Change in Control 56 CEO Pay Ratio Disclosure 61 Pay Versus Performance 62 Background 62 Pay Versus Performance Table 62 Tabular List of Financial Performance Measures 63 Pay Versus Performance Relationship Descriptions 64 Proposal No. 2 – Ratification of the Appointment of Ernst & Young LLP as the Company's Independent Auditor for Fiscal Year 2024 66 Fees Paid to our Independent Auditor 66 Audit Committee Pre-Approval Policy 66 Report of the Audit Commi ttee 67 Proposal No. 3 – Advisory (Non-Binding) Vote on the Compensation of our Named Executive Officers 68

Security Ownership Information

Security Ownership Information 69

Security Ownership of Directors and Management

Security Ownership of Directors and Management 69

Security Ownership of Certain Beneficial Owners

Security Ownership of Certain Beneficial Owners 70 Equity Compensation Plans 71 Certain Relationships and Related Transactions 72 Related Person Transaction Policy 72 Transactions with Related Persons 72 Additional Matters 73 Global Industrial Company 2023 Proxy Statement Proxy Statement Executive Summary The following is a summary which highlights information contained elsewhere in this Proxy Statement. This summary does not contain all of the information you should consider, and you are urged to read the entire Proxy Statement carefully before voting. Information About Our 2024 Annual Meeting of Stockholders DATE AND TIME: Monday, June 3, 2024 at 12:00 p.m. Eastern Time LOCATION: Visit www.virtualshareholdermeeting.com/GIC2024 and use your 16-digit control number RECORD DATE: Friday, April 12, 2024 Items of Business and Board of Directors' Vote Recommendations Proposal Board Vote Recommendation Page Number Proposal 1: To elect eight directors to serve until the next annual meeting of stockholders or until their successors are duly elected and qualify FOR each director nominee Page 13 Proposal 2: To ratify the appointment of Ernst & Young LLP as the Company's independent auditor for fiscal year 2024 FOR Page 66 Proposal 3: Advisory (non-binding) vote to approve the compensation of the Company's named executive officers FOR Page 68 Our Directors (Pages 13-16) Name Age Director Since Independent AC CC N/CGC EC Richard B. Leeds (1) 64 1995 No Bruce Leeds 68 1995 No Robert Leeds 68 1995 No Barry Litwin (2) 57 2017 No Chad M. Lindbloom (3) 59 2017 Yes C C Gary S. Michel (3) 61 2024 Yes Paul S. Pearlman (3) 70 2019 Yes Robert D. Rosenthal (3) 75 1995 Yes C (1) Executive Chairman of the Board (2) Chief Executive Officer (3) Audit Committee Financial Expert KEY: AC = Audit Committee CC = Compensation Committee N/CGC = Nominating/Corporate Governance Committee EC = Executive Committee = Member C =

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