EDGEWATER TECHNOLOGY, INC. (NASDAQ:EDGW) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY
ARRANGEMENTS OF CERTAIN OFFICERS
On February23, 2017, Edgewater Technology, Inc. (the Company),
announced that the Company had received consents from the holders
of a majority of its common stock in respect of Ancora Advisors,
LLCs (Ancora) previously announced consent solicitation. The
written consent of the Companys stockholders removed four then
current members of the Board of Directors of the Company (the
Board), replaced them with Ancoras director nominees, and made
certain changes to the Companys governing documents to enable
such actions.
The Board did not appoint any of Ancoras director nominees
(Matthew Carpenter, Frederick DiSanto, Jeffrey Rutherford and
Kurtis Wolf) to any committees of the Board at the time of their
election.
This Amendment No.1 to Current Report on Form 8-K/A is being
filed to report that, on February24, 2017, the Board made the
following appointments, which were effective as of February24,
2017:
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Appointed Mssrs. Rutherford and Wolf to the Companys Audit Committee; |
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Appointed Mr.DiSanto to the Companys Compensation Committee, additionally appointing Mr.DiSanto as the Compensation Committee Chair; and |
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Appointed Mssrs. Carpenter and Wolf, along with Mr.Timothy Whelan (an existing Board member), to the Companys Governance and Nominating Committee, further appointing Mr.Whelan as the Governance and Nominating Committee Chair. |
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About EDGEWATER TECHNOLOGY, INC. (NASDAQ:EDGW)
Edgewater Technology, Inc. is a provider of transformational classic and product-based consulting services. The Company helps the C-suite drive transformational change through its selection of business and technology services, and channel-based solutions. The classic consulting disciplines (such as business advisory, process improvement, organizational change management, mergers and acquisitions (M&A) due diligence, and domain expertise) are blended with technical services (digital transformation, technical roadmaps, data and analytics services, custom development and system integration) to help organizations leverage investments in legacy information technology (IT) assets. It offers a range of consulting services, such as classic consulting and product-based consulting. In addition, it also provides synergistic services in the area of data management and analytics, such as enterprise information management services and analytics services. EDGEWATER TECHNOLOGY, INC. (NASDAQ:EDGW) Recent Trading Information
EDGEWATER TECHNOLOGY, INC. (NASDAQ:EDGW) closed its last trading session up +0.12 at 7.04 with 130,259 shares trading hands.
