CDW Corp 8-K, filed May 5, 2021
CDW Corp (CDW)
About this 8-K
CDW Corp filed this 8-K on May 5, 2021, reporting on events of May 3, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
(Address of Principal Executive Offices) (Zip Code)
(Registrant’s telephone number, including area code)
None
(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 l4a-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 | ||
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. |
CDW Corporation (the “Company”) announced that Collin B. Kebo, Senior Vice President and Chief Financial Offer, notified the Company on May 3, 2021 of his plans to retire to devote more time to his family and other interests. Mr. Kebo will remain in his current role until a successor is named to facilitate a smooth transition.
A copy of the related press release issued by the Company on May 5, 2021 is furnished hereto as Exhibit 99.1.
| Item 9.01. | Financial Statements and Exhibits. |
| Exhibit |
Description | |
| 99.1 | Press release dated May 5, 2021, announcing CFO transition | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURES
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.
| CDW CORPORATION | ||||||
| Date: May 5, 2021 | /s/ Frederick J. Kulevich | |||||
| Frederick J. Kulevich | ||||||
| Senior Vice President, General Counsel & Corporate Secretary | ||||||
Exhibit 99.1
CDW Announces CFO Transition Plan
Collin B. Kebo to Retire Following Search for Successor and Successful Transition
LINCOLNSHIRE, Ill., (May 5, 2021) – CDW Corporation (Nasdaq: CDW), a leading multi-brand provider of information technology solutions to business, government, education and healthcare customers in the United States, the United Kingdom and Canada, today announced that Collin B. Kebo, chief financial officer, CDW, plans to retire to devote more time to his family and other interests upon completion of a comprehensive search and successful transition process for his successor. Mr. Kebo will remain fully engaged as CFO and actively participate in the process to evaluate a full slate of candidates.
Mr. Kebo joined CDW in 2008 as vice president, financial planning and analysis; assumed responsibilities as CFO for international operations in 2015; and became CFO of CDW in January 2018.
“It has been wonderful being a close colleague of Collin’s during his 13 years at CDW,” said Christine A. Leahy, president and chief executive officer, CDW. “Collin has made meaningful and enduring contributions to CDW and his legacy of financial stewardship and developing outstanding talent will contribute to CDW’s continuing success well into the future. On behalf of our Board of Directors and all our coworkers, I want to thank Collin for his exceptional leadership and dedication to CDW.”
Mr. Kebo shared, “It has been a privilege to work at CDW and I am proud of our accomplishments. The combination of CDW’s business-model and unique culture has proven the test of time, consistently evolving with IT trends and delivering market-leading profitable growth. I have no doubt that CDW’s best days are ahead. Personally, I look forward to devoting more time to my family, friends and other interests as I turn the page to my next chapter. Until then, I am committed to a seamless transition.”
Coincident with this announcement, CDW reported record Q1 Net sales and non-GAAP earnings per share, and increased its fiscal year 2021 financial outlook.
About CDW
CDW Corporation (Nasdaq: CDW) is a leading multi-brand provider of information technology solutions to business, government, education and healthcare customers in the United States, the United Kingdom and Canada. A Fortune 500 company and member of the S&P 500 Index, CDW was founded in 1984 and employs over 10,000 coworkers. For the trailing twelve months ended March 31, 2021, CDW generated Net sales of approximately $19 billion. For more information about CDW, please visit www.CDW.com.
Forward-Looking Statements
Statements in this release that are not statements of historical fact are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of
1
1995, including without limitation statements regarding CDW’s management plans and business prospects. These forward-looking statements are subject to risks and uncertainties that may cause actual results or events to differ materially from those described in such statements. Although CDW believes that its plans, intentions and other expectations reflected in or suggested by such forward-looking statements are reasonable, it can give no assurance that it will achieve those plans, intentions or expectations. Reference is made to a more complete discussion of forward-looking statements and applicable risks contained under the captions “Forward-Looking Statements” and “Risk Factors” in CDW’s Annual Report on Form 10-K for the year ended December 31, 2020 and subsequent filings with the SEC. CDW undertakes no obligation to update or revise any of its forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.
Investor Inquiries
Brittany A. Smith
Vice President, Investor Relations
and Financial Planning and Analysis
847-968-0238
investorrelations@cdw.com
Media Inquiries
Sara Granack
Vice President, Corporate Communications
847-419-7411
mediarelations@cdw.com
2