ANIXTER INTERNATIONAL INC. (NYSE:AXE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
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Departure of Directors or Certain Officers; Elections of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
announced that Ilaria Mocciaro, 46, will become Senior Vice
President and Corporate Controller – Chief Accounting Officer.
Since November 2013, Ms. Mocciaro was Chief Accounting Officer,
Agricultural Equipment and Construction Equipment segments at CNH
Industrial N.V. Prior to that she was Director, Technical
Accounting and Financial Reporting at CNH Global. Ms. Mocciaro
will succeed Terry Faber who has announced his retirement in
early 2017 and will remain in a senior non-executive position
with the Company until his retirement.
performance bonus opportunity that are commensurate with the
Companys other newly promoted or hired senior vice presidents.
She will also be eligible to participate in all benefit plans
available to full-time employees, and will receive a restricted
stock unit grant at the next regularly scheduled company-wide
equity grant date with a grant date value of $100,000. In
addition, in order to compensate Ms. Mocciaro for the value of
bonus and equity awards forfeited at her former employer, she
will receive a one-time cash signing bonus of $75,000 upon
commencement of her employment and a one-time restricted stock
unit grant at the next regularly scheduled company-wide equity
grant date with a grant date value of $50,000.
press release, dated November 28, 2016, which is included as
Exhibit 99.1 hereto and is incorporated herein by reference.
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Item 9.01
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Financial Statements and Exhibits.
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Exhibit No.
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Description
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99.1
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Press Release, dated November 28, 2016, issued by
Anixter International Inc. |
About ANIXTER INTERNATIONAL INC. (NYSE:AXE)
Anixter International Inc. is engaged in the distribution of enterprise cabling and security solutions, electrical and electronic wire and cable products and utility power solutions. The Company provides customers access to inventory management programs, over 270 warehouses and locations in approximately 300 cities across over 50 countries. Its segments include Network & Security Solutions (NSS), Electrical & Electronic Solutions (EES) and Utility Power Solutions (UPS). The NSS segment supplies products and supply chain solutions to customers in various industries. The EES segment supplies various wire and cable products and customized supply chain solutions to the industrial and original equipment manufacturer markets. The UPS segment supplies electrical transmission and distribution products, power plant maintenance, repair and operations supplies and smart-grid products. It caters to industry groups, such as finance, healthcare, retail, transportation, utilities and others. ANIXTER INTERNATIONAL INC. (NYSE:AXE) Recent Trading Information
ANIXTER INTERNATIONAL INC. (NYSE:AXE) closed its last trading session down -0.70 at 78.55 with 239,247 shares trading hands.
