secwatch.observer — SEC 8-K summary
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Issuer:     INSIGHT ENTERPRISES INC (NSIT)
CIK:        0000932696
Form:       8-K
Filed at:   2022-02-17T23:59:59+00:00
Accession:  0001628280-22-002937
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Insight appoints ValueAct partner Alexander Baum to board under cooperation agreement
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/932696/000162828022002937/0001628280-22-002937-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/932696/000162828022002937/nsit-20220215.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-002937

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