secwatch.observer — SEC 8-K summary
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Issuer:     MSC INDUSTRIAL DIRECT CO INC (MSM)
CIK:        0001003078
Form:       8-K/A
Filed at:   2021-09-03T23:59:59+00:00
Accession:  0001003078-21-000168
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MSC Industrial GC Steve Armstrong transitions to SVP Legal Affairs, to depart by Feb 2022
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- Armstrong becomes SVP Legal Affairs reporting to CEO from Aug 29, 2021; salary drops to $212,522.
- Termination date set as Feb 28, 2022 (or Apr 30, 2022 if external replacement is hired).
- Outstanding equity awards to vest per Exhibit A, including 7,803 RSUs/NQSOs and 1,647 PSUs.
- Will retain benefits under Change in Control Severance Plan through termination.
- Board will decide on replacement at December 2021 meeting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1003078/000100307821000168/0001003078-21-000168-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1003078/000100307821000168/msm-20210402x8ka.htm
  HTML page:      https://secwatch.observer/filing/0001003078-21-000168

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer