PCM, INC. (NASDAQ:PCMI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
On May 18, 2018, the Board of Directors and Compensation Committee of PCM, Inc. (the “Company”) adopted and approved the Company’s 2018 Executive Incentive Plan (“2018 EIP”), effective for the 2018 fiscal year. The 2018 EIP is similar to the prior year’s incentive plan, with certain changes that are designed to use the Company’s adjusted earnings per share (“Adjusted EPS”) rather than adjusted EBITDA as the quantitative target component for determining the attainment of the plan’s performance objectives. The Committee also modified the mimimum quantitative performance threshold for awards under plan and the threshold for achieving the maximum cash incentive. A summary of the 2018 Executive Incentive Plan is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit No. | Description |
| 10.1 | Summary of 2018 Executive Incentive Plan |
PCM, INC. ExhibitEX-10.1 2 ex10-1.htm EXHIBIT 10.1 PCM,…To view the full exhibit click here
About PCM, INC. (NASDAQ:PCMI)
PCM, Inc. is engaged in providing technology products, services and solutions through direct marketing channels, and owned and operated data centers. The Company offers technology products, solutions and other consumer products. Its segments include Commercial, Public Sector, MacMall, Canada, and Corporate & Other. The Commercial segment sells complex products, services and solutions to commercial businesses in the United States. The Public Sector segment consists of sales made primarily to federal, state and local governments, as well as educational institutions. The MacMall segment consists of sales made through telephone and the Internet to consumers, small businesses and creative professionals. The Canada segment consists of sales made to customers in the Canadian market. The Company sells its products primarily to customers in the United States and Canada, and maintains offices throughout the United States and Canada, as well as in Montreal, Canada and Manila, Philippines.