secwatch.observer — SEC 8-K summary
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Issuer:     EPLUS INC (PLUS)
CIK:        0001022408
Form:       8-K
Filed at:   2023-11-22T23:59:59+00:00
Accession:  0001022408-23-000115
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ePlus grants cash performance awards and first-ever performance stock units to top executives
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- CEO Marron gets $275K Cash Performance Award target; CFO Marion and COO Raiguel get $150K each.
- Performance Stock Units granted: CEO 8,173, CFO 3,269, COO 3,678, vesting over 3-year period.
- Both awards tied to operating income growth, net sales growth, and (PSUs) relative TSR vs Russell 2000.
- New cash awards and PSUs replace prior long-term cash incentive; based on Pay Governance survey recommendations.
- Total payout range: 0% to 150% for cash, 0% to 200% for PSUs, based on performance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022408/000102240823000115/0001022408-23-000115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022408/000102240823000115/8k.htm
  HTML page:      https://secwatch.observer/filing/0001022408-23-000115

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