INNERWORKINGS, INC. (NASDAQ:INWK) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

INNERWORKINGS, INC. (NASDAQ:INWK) 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 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 13, 2019, InnerWorkings, Inc. (the “Company”) awarded a one-time retention equity grant to Richard S. Stoddart, the Company’s President and Chief Executive Officer. The award, which had a total grant date value of $1,500,000, was divided equally between restricted stock units and stock appreciation rights, and will vest on June 13, 2022, subject to Mr. Stoddart’s continued employment with the Company through such vesting date. The grant was intended to incent Mr. Stoddart to remain as the Company’s CEO throughout the vesting period, and thereby ensure his continued leadership of the Company through the successful implementation of the Company’s multi-year restructuring and operational improvement plans, as well as reinforce the financial alignment between Mr. Stoddart and the Company’s stockholders.
About INNERWORKINGS, INC. (NASDAQ:INWK)

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InnerWorkings, Inc. is a marketing execution company. The Company’s software applications and databases create an integrated solution that stores, analyzes and tracks the production capabilities of its supplier network, as well as detailed pricing data. The Company operates through three segments: North America, Latin America and EMEA. The North America segment includes operations in the United States and Canada. The Latin America segment includes operations in Mexico, South America and Central America. The EMEA segment includes operations in the United Kingdom, continental Europe, the Middle East, Africa and Asia. The Other segment consists of intersegment eliminations, shared service activities and unallocated corporate expenses. The Company’s business of providing marketing execution solutions includes the procurement of marketing materials, branded merchandise, product packaging and retail displays.

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