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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 12/17/19 Insight Enterprises Inc 8-K:5 12/12/19 10:171K ActiveDisclosure/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 33K 9: R1 Document And Entity Information HTML 47K 6: XML IDEA XML File -- Filing Summary XML 11K 5: XML XBRL Instance -- nsit-8k_20191212_htm XML 14K 10: EXCEL IDEA Workbook of Financial Reports XLSX 6K 3: EX-101.LAB XBRL Labels -- nsit-20191212_lab XML 56K 4: EX-101.PRE XBRL Presentations -- nsit-20191212_pre XML 34K 2: EX-101.SCH XBRL Schema -- nsit-20191212 XSD 18K 8: JSON XBRL Instance as JSON Data -- MetaLinks 12± 19K 7: ZIP XBRL Zipped Folder -- 0001564590-19-046233-xbrl Zip 12K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM i 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): i December 12, 2019
INSIGHT ENTERPRISES, INC.
(Exact name of registrant as specified in its charter)
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i Delaware |
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i 0-25092 |
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i 86-0766246 |
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(State or other jurisdiction of incorporation) |
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(Commission File Number) |
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(I.R.S. Employer Identification No.) |
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i 6820 South Harl Avenue, i Tempe, i Arizona |
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i 85283 |
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(Address of principal executive offices) |
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(Zip Code) |
Registrant's telephone number, including area code:
( i 480) i 333-3000
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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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:
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Title of each class |
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Trading Symbol |
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Name of each exchange on which registered |
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i Common stock, par value $0.01 |
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i NSIT |
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i The NASDAQ Global Select Market |
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 i ☐
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.
The Compensation Committee of Insight Enterprises, Inc. (the “Company”) uses a third-party compensation consultant to evaluate executive compensation every other year. In connection with that evaluation and in light of the Company’s recent acquisition of PCM, Inc. (“PCM”), the Company’s largest acquisition in its history, the Compensation Committee made certain adjustments to executive compensation levels for the Company’s named executive officers for 2020. The table below sets forth the 2020 compensation levels for each of the named executive officers reflecting these adjustments:
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Name |
Title |
Base Salary |
Cash Incentive Target as a % of Base Salary |
Equity Incentive Target |
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Kenneth T. Lamneck |
President and Chief Executive Officer |
$1,000,000 |
150% |
$3,750,000 |
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Chief Financial Officer |
$600,000 |
100% |
$1,000,000 |
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Steven W. Dodenhoff |
President, Insight North America |
$550,000 |
100% |
$850,000 |
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Wolfgang Ebermann |
President, Insight EMEA |
€585,000 |
70% |
$650,000 |
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Samuel C. Cowley |
Senior Vice President, General Counsel and Secretary |
$425,000 |
65% |
$600,000 |
The Compensation Committee also approved an additional one-time cash bonus in 2020 to incentivize management to achieve proposed levels of synergies resulting from the integration of PCM into the Company. The additional incentive target is 50% of each executive’s cash incentive target.
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.
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Insight Enterprises, Inc. |
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Date: December 17, 2019 |
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By: |
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/s/ Glynis A. Bryan |
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Chief Financial Officer |
| This ‘8-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
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| Filed on: | 12/17/19 | |||
| For Period end: | 12/12/19 | 4 | ||
| List all Filings | ||||