MSC Industrial Files 8-K on Shareholder Vote Outcomes

TL;DR

**MSC Industrial just reported shareholder vote results, impacting company leadership and direction.**

AI Summary

MSC Industrial Direct Co., Inc. filed an 8-K on January 24, 2024, to report the submission of matters to a vote of security holders. This filing, under Item 5.07, indicates that the company held a vote, likely an annual meeting, where shareholders made decisions on key corporate governance issues. For investors, this matters because the outcomes of these votes, such as director elections or executive compensation approvals, directly influence the company's leadership and strategic direction, impacting future performance and stock value.

Why It Matters

This filing signals that MSC Industrial's shareholders have exercised their power, potentially impacting the company's governance and future strategic decisions. Understanding these outcomes is crucial for assessing leadership stability and investor confidence.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of shareholder voting results, which is a standard corporate governance event and does not inherently present new risks.

Analyst Insight

A smart investor would review the full 8-K filing (which this extract is only a part of) to understand the specific outcomes of the shareholder votes, such as director elections or compensation approvals, to assess potential impacts on corporate governance and future company strategy.

Key Players & Entities

• MSC INDUSTRIAL DIRECT CO., INC. (company) — the registrant filing the 8-K
• New York Stock Exchange (company) — where MSC Industrial's Class A Common Stock (MSM) is registered
• January 24, 2024 (date) — date of the earliest event reported and filing date
• MSM (company) — trading symbol for MSC Industrial's Class A Common Stock
• $0.001 (dollar_amount) — par value per share of Class A Common Stock

FAQ

From the Filing

0001003078-24-000015.txt : 20240124 0001003078-24-000015.hdr.sgml : 20240124 20240124153630 ACCESSION NUMBER: 0001003078-24-000015 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20240124 ITEM INFORMATION: Submission of Matters to a Vote of Security Holders FILED AS OF DATE: 20240124 DATE AS OF CHANGE: 20240124 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MSC INDUSTRIAL DIRECT CO INC CENTRAL INDEX KEY: 0001003078 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-INDUSTRIAL MACHINERY & EQUIPMENT [5084] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 113289165 STATE OF INCORPORATION: NY FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14130 FILM NUMBER: 24556215 BUSINESS ADDRESS: STREET 1: 515 BROADHOLLOW ROAD CITY: MELVILLE STATE: NY ZIP: 11747 BUSINESS PHONE: 516-812-2000 MAIL ADDRESS: STREET 1: 515 BROADHOLLOW ROAD CITY: MELVILLE STATE: NY ZIP: 11747 8-K 1 msm-20240124.htm 8-K msm-20240124 0001003078 FALSE 0001003078 2024-01-24 2024-01-24 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 8-K ___________________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 24, 2024 ___________________________________ MSC INDUSTRIAL DIRECT CO., INC. (Exact name of registrant as specified in its charter) ___________________________________ New York 1-14130 11-3289165 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 515 Broadhollow Road , Suite 1000 , Melville , New York 11747 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: ( 516 ) 812-2000 Not Applicable (Former name or former address, if changed since last report) ___________________________________ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, par value $0.001 per share MSM New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company     ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 5.07. Submission of Matters to a Vote of Security Holders     (a) On January 24, 2024, MSC Industrial Direct Co., Inc. (the “Company”) held its 2024 Annual Meeting of Shareholders (the “Annual Meeting”).     (b) A brief description of the matters voted upon at the Annual Meeting and the results of the voting on such matters are set forth below. On all matters (including the election of directors) submitted to a vote of the Company’s shareholders, each holder of Class A Common Stock is entitled to one vote per share. Broker non-votes and abstentions are not considered votes cast at the Annual Meeting and are not counted f