Current Report Filing (8-k)

Date : 10/01/2019 @ 9:01PM
Source : Edgar (US Regulatory)
Stock : WESCO International Inc (WCC)
Quote : 53.68  0.0 (0.00%) @ 8:59AM

Current Report Filing (8-k)

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 1, 2019

WESCO International, Inc.
(Exact name of registrant as specified in its charter)

Delaware
 
001-14989
 
25-1723342
(State or other jurisdiction of
incorporation)
 
(Commission File Number)
 
(IRS Employer
Identification No.)
 
 
 
 
 
 
225 West Station Square Drive
Suite 700
 
 
 
15219
Pittsburgh,
Pennsylvania
 
 
 
(Zip Code)
(Address of principal executive offices)
 
 
 
 
(412) 454-2200
(Registrant's telephone number, including area code)
Not applicable.
(Former name or former address, if changed since last report)
SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:
Title of Class
 
Trading Symbol(s)
 
Name of Exchange on which registered
Common Stock, par value $.01 per share
 
WCC
 
New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
 
 
 
 
Emerging growth company
 
 
 
 
 
 
 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
 





Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(c)    On October 1, 2019, WESCO International, Inc. (the “Company”) announced that Mr. Nelson J. Squires III has been promoted to the position of Senior Vice President and Chief Operating Officer effective October 1, 2019. Mr. Squires, age 58, served as Group Vice President and General Manager of WESCO Canada/International/WIS since January 2018 and as Group Vice President and General Manager of WESCO Canada from August 2015 to January 2018. From 2010 to July 2015, he was Vice President and General Manager, North America Merchant Gases and President, Air Products Canada of Air Products and Chemicals, Inc. Mr. Squires will receive an annual base salary of $550,000, with a target bonus of 80% up to a total bonus opportunity of 160% of his base salary. In connection with this appointment, Mr. Squires will receive a restricted stock unit grant of $325,000, which will cliff vest after three years from the grant date. He will be entitled to receive severance payments equal to one year’s base salary and an amount based on a prorated bonus calculation, if he is terminated by the Company without cause, by the Company or its successors or assigns upon or within two years after a change in control, or if he terminates his employment for good reason. He will be bound by restrictive covenants in the form of non-competition and non-solicitation of employees during the term of his employment and for a period of one year thereafter. Mr. Squires will be entitled to indemnification per the terms of an indemnification agreement as set forth in Exhibit 10.24 to the Company’s Form 10-K filed on February 22, 2016.
Item 9.01    Financial Statements and Exhibits.
(d) Exhibits.





SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 
WESCO International, Inc.
 
 
(Registrant)
October 1, 2019
By:
/s/ David S. Schulz
(Date)
 
David S. Schulz
 
 
Senior Vice President and Chief Financial Officer




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