ModusLink Global Solutions, Inc. (NASDAQ:MLNK) 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 March 3, 2017, the Human Resources and Compensation Committee
(the Compensation Committee) of the Board of Directors of
ModusLink Global Solutions, Inc. (the Company) adopted the FY2017
Management Incentive Plan (the MIP). The MIP is designed to
motivate appropriate behaviors that support short-term and
long-term growth of shareholder value by rewarding the
achievement of financial, business and management goals that are
essential to the success of the Company and its subsidiaries. The
MIP relates to the Companys fiscal year ending July31, 2017 (the
Plan Year). The MIP covers certain executive officers and
executive leadership team members of the Company and its
subsidiaries, as determined by the Compensation Committee. Target
bonus percentages and award values (the Awards) for participating
executive officers (the Participants) are set forth below. Awards
may be in stock, cash or a combination of both. Participants are
employees of the Company or its subsidiaries who have been MIP
eligible for six months or greater since the start of the Plan
Year. In order to receive an Award under the MIP, the Participant
must be an employee of the Company in good standing at the time
of the Award payment or vesting.Participants in the MIP who are
named executive officers of the Company are James Henderson, the
Companys President and Chief Executive Officer and Louis J.
Belardi, the Companys Chief Financial Officer, Executive Vice
President and Secretary.

All Awards under the MIP are subject to the achievement of a
minimum Plan Year adjusted EBITDA target, as defined (the Minimum
Threshold) for the Companys supply chain business (the Supply
Chain). Once the Minimum Threshold has been achieved, Awards
under the MIP to Participants who are direct employees of the
Company will be based 100% on a target minimum Plan Year Supply
Chain adjusted EBITDA. For employees of the Companys business
units (the Business Units), once the Minimum Threshold has been
achieved, Awards under the MIP will be measured based on the
achievement of certain performance targets as follows: (a) Supply
Chain adjusted EBITDA, (b) operating income (as reported in the
Companys audited financial statements) of the each of the
Business Units and (c) the achievement of certain individual
performance goals established for each Participant (the
Individual Performance Factor). Each of the Business Unit metrics
are calculated independently and determined once the Minimum
Threshold has been achieved. Awards are subject to meeting
minimum or greater performance results, audited financial results
and the approval of the Chief Executive Officer. The Compensation
Committee is responsible for approving awards to the Chief
Executive Officer and his direct management reports.

The Compensation Committee approved Award targets under the MIP
as a percentage of base salary. Under the MIP, the Award target
for Mr. Henderson is 100% of base salary and the Award target for
Mr. Belardi is 60% of base salary. Based on the achievement of
the objectives set forth in the MIP, the maximum percentage of
base salary that may be earned by Participants ranges from 75% to
200% of base salary. No Awards will be made under the MIP if the
Minimum Threshold is not achieved.

Awards under the MIP, if any, will be paid within 10 days
following the release of the Companys earnings for the Plan Year.

About ModusLink Global Solutions, Inc. (NASDAQ:MLNK)

ModusLink Global Solutions, Inc. is a provider of supply chain and logistics services through its subsidiaries, ModusLink Corporation and ModusLink PTS, Inc. The Company provides services to companies in the consumer electronics, communications, computing, software, storage and retail industries. The Company operates through four segments: Americas, Asia, Europe and e-business. As of July 31, 2016, the Company operated in over 20 sites across North America, Europe and the Asia Pacific region. The Company’s Supply Chain Business operation’s solutions include material planning and factory supply; value-added warehousing and distribution; aftermarket services, including product returns management and product repair and recovery, and e-business, including e-commerce, contact center, entitlement management and financial management.

ModusLink Global Solutions, Inc. (NASDAQ:MLNK) Recent Trading Information

ModusLink Global Solutions, Inc. (NASDAQ:MLNK) closed its last trading session up +0.27 at 1.68 with 64,199 shares trading hands.