MSC Industrial Direct Appoints New COO, Reports Officer Changes
Ticker: MSM · Form: 8-K · Filed: Jun 12, 2024 · CIK: 1003078
| Field | Detail |
|---|---|
| Company | Msc Industrial Direct CO INC (MSM) |
| Form Type | 8-K |
| Filed Date | Jun 12, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $550,000, $24,345 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, management-transition
TL;DR
MSC Industrial Direct names Michael Gabor as new COO, replacing David Meyer.
AI Summary
MSC Industrial Direct Co., Inc. announced on June 6, 2024, the appointment of Michael J. Gabor as Chief Operating Officer. Gabor previously served as Executive Vice President, Operations. The company also reported on the departure of its former COO, David L. Meyer, effective June 5, 2024. Additionally, the filing details compensatory arrangements for certain officers.
Why It Matters
This filing indicates a shift in operational leadership at MSC Industrial Direct, which could impact the company's strategic execution and financial performance.
Risk Assessment
Risk Level: low — The filing primarily concerns executive appointments and departures, which are routine corporate events and do not inherently signal significant financial risk.
Key Players & Entities
- MSC Industrial Direct Co., Inc. (company) — Registrant
- Michael J. Gabor (person) — Appointed Chief Operating Officer
- David L. Meyer (person) — Departing Chief Operating Officer
- June 6, 2024 (date) — Effective date of appointment
- June 5, 2024 (date) — Effective date of departure
FAQ
Who has been appointed as the new Chief Operating Officer of MSC Industrial Direct Co., Inc.?
Michael J. Gabor has been appointed as the new Chief Operating Officer, effective June 6, 2024.
When did the former Chief Operating Officer, David L. Meyer, depart from MSC Industrial Direct Co., Inc.?
David L. Meyer departed from MSC Industrial Direct Co., Inc. effective June 5, 2024.
What was Michael J. Gabor's previous role at MSC Industrial Direct Co., Inc.?
Michael J. Gabor previously served as Executive Vice President, Operations.
What is the primary purpose of this Form 8-K filing?
This Form 8-K filing reports on the departure of certain officers, the election of directors, and compensatory arrangements of certain officers.
What is the principal executive office address for MSC Industrial Direct Co., Inc.?
The principal executive office address is 515 Broadhollow Road, Suite 1000, Melville, New York 11747.
Filing Stats: 614 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2024-06-12 16:44:06
Key Financial Figures
- $0.001 — tered Class A Common Stock, par value $0.001 per share MSM New York Stock Exchange
- $550,000 — Hill will receive (i) cash severance of $550,000, payable bi-weekly over the twelve mont
- $24,345 — ntive Plan, (iii) a lump sum payment of $24,345.88, which equals the amount of fifty-tw
Filing Documents
- msm-20240606.htm (8-K) — 32KB
- ex101toxseparationagreement.htm (EX-10.1) — 73KB
- 0001003078-24-000058.txt ( ) — 246KB
- msm-20240606.xsd (EX-101.SCH) — 2KB
- msm-20240606_lab.xml (EX-101.LAB) — 22KB
- msm-20240606_pre.xml (EX-101.PRE) — 13KB
- msm-20240606_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits: 10.1 Separation Agreement, dated June 12, 2024 between MSC Industrial Direct Co., Inc. and John Hill . 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101). Indicates a management contract or compensatory plan or arrangement. 2 SIGNATURE 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. MSC INDUSTRIAL DIRECT CO., INC. Date: June 12, 2024 By: /s/ KRISTEN ACTIS-GRANDE Name: Kristen Actis-Grande Title: Executive Vice President and Chief Financial Officer 3