GLOBAL INDUSTRIAL Co 8-K, filed Jul 6, 2022
GLOBAL INDUSTRIAL Co (GIC)
8-K
2022-07-06
For: 2022-07-01
View Original
Added on
April 04, 2026
About this 8-K
GLOBAL INDUSTRIAL Co filed this 8-K on July 6, 2022, reporting on events of July 1, 2022.
Items reported
- Item 5.02: Director or officer change, or executive pay
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): July 1, 2022
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Registrant’s telephone number, including area code: (516) 608-7000
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions ( see General Instruction A.2 below):
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Securities registered pursuant to Section 12(b) of the Act:
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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 July 1, 2022, the Board of Directors (the “Board”) of Global Industrial Company (the “Company”) and the Compensation Committee of the Board approved a $1,000,000 incentive award of restricted stock units (“RSUs”) to Barry Litwin, Chief Executive Officer, under the Company’s 2020 Omnibus Long-Term Incentive Plan. The award to Mr. Litwin consists of 30,003 RSUs, 20% of which are vested on the date of grant, with an additional 20% vesting on each of the first, second, third and fourth anniversary of the grant date, subject to Mr. Litwin’s continuous employment with the Company through each applicable vesting date, and accelerated vesting as set forth in the award agreement.
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.
| GLOBAL INDUSTRIAL COMPANY | ||||||||
| Date: July 6, 2022 | ||||||||
| By: | /s/ Thomas Clark | |||||||
| Name: Thomas Clark | ||||||||
| Title: Senior Vice President and Chief Financial Officer | ||||||||