MSC Industrial Direct Appoints New COO, Reports Officer Changes

Ticker: MSM · Form: 8-K · Filed: 2024-06-12T00:00:00.000Z

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

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.

From the Filing

0001003078-24-000058.txt : 20240612 0001003078-24-000058.hdr.sgml : 20240612 20240612164406 ACCESSION NUMBER: 0001003078-24-000058 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240606 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240612 DATE AS OF CHANGE: 20240612 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: 241038953 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-20240606.htm 8-K msm-20240606 0001003078 FALSE 0001003078 2024-06-06 2024-06-06 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): June 6, 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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers (b) and (e) On June 6, 2024, John Hill resigned as Senior Vice President & Chief Digital Information Officer of the Company effective June 12, 2024. In connection with Mr. Hill’s resignation, the Company entered into a Separation Agreement (the “Separation Agreement”), dated June 12, 2024, with Mr. Hill. Under the terms of the Separation Agreement, in consideration for a general rel

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