secwatch.observer — SEC 8-K summary
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Issuer:     GLOBAL INDUSTRIAL Co (GIC)
CIK:        0000945114
Form:       8-K
Filed at:   2025-02-10T23:59:59+00:00
Accession:  0000945114-25-000006
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Global Industrial appoints Anesa Chaibi as CEO, effective Feb 17, 2025
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- Anesa Chaibi named CEO and Board member; Richard Leeds steps down as interim CEO but remains Executive Chairman.
- Chaibi brings 30+ years of B2B industrial experience; most recently Operating Partner at Coalesce Capital Management.
- Base salary $1M, target annual bonus 100% of salary (max 160%), sign-on equity grant $500K in RSUs, relocation bonus $500K.
- Annual equity grant target at least 125% of base salary, mix of options, time-based RSUs, and performance-based RSUs.
- Severance: one times base salary if termination before relocation, two times after relocation, plus pro-rated bonus and COBRA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/945114/000094511425000006/0000945114-25-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/945114/000094511425000006/gic-20250207.htm
  HTML page:      https://secwatch.observer/filing/0000945114-25-000006

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