MSC Industrial Direct Co. Announces Executive and Board Changes
Ticker: MSM · Form: 8-K · Filed: Sep 24, 2024 · CIK: 1003078
Sentiment: neutral
Topics: management-change, board-composition, executive-appointments
TL;DR
MSC Industrial Direct Co. shakes up leadership and board; new execs and directors appointed.
AI Summary
MSC Industrial Direct Co., Inc. announced on September 23, 2024, changes in its executive team and board of directors. The company elected new directors and appointed new officers, alongside adjustments to its compensatory arrangements for certain executives. These changes are effective as of the report date.
Why It Matters
Changes in leadership and board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and operational direction.
Key Players & Entities
- MSC Industrial Direct Co., Inc. (company) — Registrant
- September 23, 2024 (date) — Date of earliest event reported
FAQ
What specific roles have been affected by these executive and director changes?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers,' but does not specify the exact roles affected in this summary.
When were these changes officially reported?
The report was filed on September 24, 2024, with the earliest event reported on September 23, 2024.
Are there any financial implications mentioned regarding these appointments or departures?
The filing mentions 'Compensatory Arrangements of Certain Officers,' suggesting potential financial implications, but specific dollar amounts or details are not provided in this summary.
What is the primary business of MSC Industrial Direct Co., Inc.?
MSC Industrial Direct Co., Inc. is in the Wholesale - Industrial Machinery & Equipment sector, SIC code 5084.
In which state is MSC Industrial Direct Co., Inc. incorporated?
The company is incorporated in New York.
Filing Stats: 880 words · 4 min read · ~3 pages · Grade level 10.9 · Accepted 2024-09-24 16:42:27
Key Financial Figures
- $0.001 — tered Class A Common Stock, par value $0.001 per share MSM New York Stock Exchange
- $630,000 — c's annual base salary was increased to $630,000, and her target compensation under the
- $900,000 — units) with a grant date fair value of $900,000. There are no arrangements or underst
Filing Documents
- msm-20240923.htm (8-K) — 33KB
- exhibit991appointmentofoff.htm (EX-99.1) — 12KB
- image.jpg (GRAPHIC) — 10KB
- image_0.jpg (GRAPHIC) — 5KB
- image_1.jpg (GRAPHIC) — 1KB
- 0001003078-24-000091.txt ( ) — 197KB
- msm-20240923.xsd (EX-101.SCH) — 2KB
- msm-20240923_lab.xml (EX-101.LAB) — 22KB
- msm-20240923_pre.xml (EX-101.PRE) — 13KB
- msm-20240923_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure On September 24, 2024, the Company issued a press release announcing the promotion of Ms. McIsaac to President and Chief Operating Officer of the Company. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein. The information in this Item 7.01, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits: 99.1 Press Release, dated September 24, 2024, issued by MSC Industrial Direct Co., Inc. 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101). 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: September 24, 2024 By: /s/ KRISTEN ACTIS-GRANDE Name: Kristen Actis-Grande Title: Executive Vice President and Chief Financial Officer 3