MSC Industrial adds Rob Aarnes, President of ADI ($4.6B), to board as independent director

MSC INDUSTRIAL DIRECT CO INC

Board expands from eight to nine members; Robert Aarnes elected as independent director effective Aug 27, 2024.
Mr. Aarnes serves on Compensation Committee; receives $97,500 annual retainer and $132,500 in RSUs (50% vest year 1, 50% year 2).
Aarnes is President of ADI, $4.6B global wholesale distributor (part of Resideo Technologies, NYSE: REZI).
Chairman cites strengthened governance, fresh perspective from distribution experience similar to MSC.
Aarnes holds US Naval Academy degree, MBA from San Diego State; served as Supply Officer in US Navy.

item 5.02 item 9.01

Executive movements

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Appointed

Robert Aarnes

non-executive director

MSM · MSC INDUSTRIAL DIRECT CO INC

Effective: 2024-08-27
Filed: August 27, 2024, 7:59 PM ET

On August 27, 2024, the Board of Directors (the “Board”) of MSC Industrial Direct Co., Inc. (the “Company”) elected Robert Aarnes to serve as a non-executive director, effective immediately, increasing the size of the Board from eight to nine members.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Robert Aarnes was elected as non-executive director at MSC INDUSTRIAL DIRECT CO INC.

Action: elected
Role: non-executive director

Exact text from the filing

On August 27, 2024, the Board of Directors (the “Board”) of MSC Industrial Direct Co., Inc. (the “Company”) elected Robert Aarnes to serve as a non-executive director, effective immediately, increasing the size of the Board from eight to nine members.

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Source: SEC EDGAR

accession 0001003078-24-000083

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