Insight appoints ValueAct partner Alexander Baum to board under cooperation agreement

INSIGHT ENTERPRISES INC

Alexander L. Baum elected to board effective Feb 15, 2022; he is a partner at ValueAct Capital, which holds ~10% of Insight's stock.
Baum serves on Audit and Compensation committees; board size increased to accommodate appointment.
Cooperation agreement restricts ValueAct from acquiring >15% of shares without consent and includes standstill provisions through 2023 annual meeting.
Baum must offer resignation if ValueAct ownership falls below 5% or if he ceases to be a ValueAct employee or partner.
ValueAct agrees to vote shares in favor of board nominees and management proposals on auditor ratification, say-on-pay, and equity plans.

item 5.02 item 7.01 item 9.01

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Appointed

Alexander L. Baum

member of the Board of Directors

NSIT · INSIGHT ENTERPRISES INC

Effective: 2022-02-15
Filed: February 17, 2022, 6:59 PM ET

On February 15, 2022, the Board of Directors of Insight Enterprises, Inc. (the “Company”) elected Alexander L. Baum as a member of the Board of Directors, effective immediately

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Alexander L. Baum was elected as member of the Board of Directors at INSIGHT ENTERPRISES INC.

Action: elected
Role: member of the Board of Directors

Exact text from the filing

On February 15, 2022, the Board of Directors of Insight Enterprises, Inc. (the “Company”) elected Alexander L. Baum as a member of the Board of Directors, effective immediately

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INSIGHT ENTERPRISES INC filing history →

Source: SEC EDGAR

accession 0001628280-22-002937

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