MSC Industrial Direct Co. Announces Executive and Board Changes

Ticker: MSM · Form: 8-K · Filed: 2024-09-24T00:00:00.000Z

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

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.

From the Filing

0001003078-24-000091.txt : 20240924 0001003078-24-000091.hdr.sgml : 20240924 20240924164227 ACCESSION NUMBER: 0001003078-24-000091 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20240923 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240924 DATE AS OF CHANGE: 20240924 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: 241320640 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-20240923.htm 8-K msm-20240923 0001003078 FALSE 0001003078 2024-09-23 2024-09-23 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): September 23, 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 On September 24, 2024, MSC Industrial Direct Co., Inc. (the “Company”) announced the promotion of Martina McIsaac to President and Chief Operating Officer of the Company, effective September 23, 2024. Ms. McIsaac assumes the role of President from Erik Gershwind, who has voluntarily resigned as President, effective September 23, 2024. Mr. G

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