Knoll, Inc. (NYSE:KNL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers>
Knoll, Inc. (NYSE:KNL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On December 6, 2016, Knoll, Inc. (the “Company”) approved 2017 non-equity incentive awards in the form attached as Exhibit 10.1 to this Current Report on Form 8-K for the following executive officers: Andrew B. Cogan, President and Chief Executive Officer, Craig B. Spray, Senior Vice President and Chief Financial Officer, Joseph T. Coppola, Chief Operating Officer, and Benjamin A. Pardo, Executive Vice President – Director of Design. to the award letters, each executive officer was granted a 2017 target non-equity incentive award equal to one hundred percent (50%) of his base salary. The award would be paid in 2018 based on 2017 operating performance. The amount ultimately paid will depend on the executive officer’s achievement of individual goals and the Company’s achievement of its operating profit plan; however, the Company’s Board of Directors (or appropriate committee of the Company’s Board of Directors) may exercise discretion in adjusting any award up or down based on factors deemed appropriate by the Company’s Board of Directors (or appropriate committee of the Company’s Board of Directors), but such award may not exceed one hundred twenty percent (120%) of the executive officer’s base salary.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit 10.1 – Form of Non-Equity Incentive Compensation Letter dated December 6, 2016
About Knoll, Inc. (NYSE:KNL)
Knoll, Inc. is a designer and manufacturer of furnishings, textiles and leather for the workplace and home. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes systems, seating, storage, tables, desks and KnollExtra ergonomic accessories, as well as the international sales of its North American Office products. The Studio segment includes its KnollStudio division, the Company’s European subsidiaries, which primarily sell KnollStudio products, Richard Schultz Design and Holly Hunt Enterprises, Inc. The KnollStudio portfolio includes a range of lounge seating, side, cafe and dining chairs, and barstools. The Coverings segment includes KnollTextiles, Spinneybeck (including Filzfelt), and Edelman Leather. It offers a portfolio of furniture, textiles and leathers across five product categories: office systems; office seating; files and storage; desks, casegoods and tables, and specialty products. Knoll, Inc. (NYSE:KNL) Recent Trading Information
Knoll, Inc. (NYSE:KNL) closed its last trading session up +0.33 at 26.93 with 342,532 shares trading hands.
Knoll, Inc. is a designer and manufacturer of furnishings, textiles and leather for the workplace and home. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes systems, seating, storage, tables, desks and KnollExtra ergonomic accessories, as well as the international sales of its North American Office products. The Studio segment includes its KnollStudio division, the Company’s European subsidiaries, which primarily sell KnollStudio products, Richard Schultz Design and Holly Hunt Enterprises, Inc. The KnollStudio portfolio includes a range of lounge seating, side, cafe and dining chairs, and barstools. The Coverings segment includes KnollTextiles, Spinneybeck (including Filzfelt), and Edelman Leather. It offers a portfolio of furniture, textiles and leathers across five product categories: office systems; office seating; files and storage; desks, casegoods and tables, and specialty products. Knoll, Inc. (NYSE:KNL) Recent Trading Information
Knoll, Inc. (NYSE:KNL) closed its last trading session up +0.33 at 26.93 with 342,532 shares trading hands.