secwatch / observer

GLOBAL INDUSTRIAL Co — fact timeline

Source-grounded facts extracted from GLOBAL INDUSTRIAL Co's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

GIC GLOBAL INDUSTRIAL Co JSON
Shareholder Votes

GLOBAL INDUSTRIAL Co shareholders approved Approval of the Company's Amended and Restated 2018 Employee Stock Purchase Plan at the 2026-06-01 meeting.

“4. Approval of the Company's Amended and Restated 2018 Employee Stock Purchase Plan. For Against Abstain Broker Non-Votes 35,192,610 21,112 2,820 1,269,589”
Shareholder Votes

GLOBAL INDUSTRIAL Co shareholders approved Advisory (non-binding) vote to approve the compensation of the Company's named executive officers at the 2026-06-01 meeting.

“3. An advisory (non-binding) vote on the compensation of the Company's named executive officers. For Against Abstain Broker Non-Votes 34,706,219 502,371 7,952 1,269,589”
Shareholder Votes

GLOBAL INDUSTRIAL Co shareholders approved Ratification of the appointment of Ernst & Young LLP as the Company's independent auditor for fiscal year 2026 at the 2026-06-01 meeting.

“2. Ratification of the appointment of Ernst & Young LLP as the Company's independent auditor for fiscal year 2026. For Against Abstain Broker Non-Votes 36,323,196 141,794 21,141 0”
Shareholder Votes

GLOBAL INDUSTRIAL Co shareholders approved Election of eight directors to serve until the next annual meeting of stockholders or until their successors are duly elected and qualify at the 2026-06-01 meeting.

“1. Election of Directors. Name For Withheld Broker Non-Votes Richard B. Leeds 29,030,911 6,185,631 1,269,589 Bruce Leeds 29,046,618 6,169,924 1,269,589 Robert Leeds 29,046,589 6,169,953 1,269,589 Anesa T. Chaibi 29,214,757 6,001,785 1,269,589 Chad M. Lindbloom 34,752,395 464,147 1,269,589 Gary S. Michel 34,920,386 296,156 1,269,589 Paul S. Pearlman 34,188,045 1,028,497 1,269,589 Robert D. Rosenthal 34,397,437 819,105 1,269,589”
Earnings Releases

GLOBAL INDUSTRIAL Co reported first quarter ended March 31, 2026 results: revenue $350.4 million, net income $15.3 million, EPS $0.39.

“financial results for the first quarter ended March 31, 2026. --- EX-99.1 (EX-99.1) --- GLOBAL INDUSTRIAL REPORTS FIRST QUARTER 2026 FINANCIAL RESULTS Sales Increased 9.2% to $350.4 Million Operating Income Improved 13.2% to $20.6 Million; Operating Margin 5.9% Board Declared $0.28 Dividend PORT WASHINGTON, NY, May 5, 2026 – Global Industrial Company (NYSE: GIC) , a”

Richard B. Leeds resigned as Interim Chief Executive Officer at GLOBAL INDUSTRIAL Co.

“In connection with Ms. Chaibi’s appointment, Richard B. Leeds resigned as the Company’s Interim Chief Executive Officer, effective as of the Effective Date.”

Anesa Chaibi was appointed as Director at GLOBAL INDUSTRIAL Co.

“Ms. Chaibi was also appointed to serve as a member of the Board as of the Effective Date, for a term expiring at the Company’s 2025 annual meeting of stockholders and until her successor is elected and qualified or until her earlier resignation or removal.”

Anesa Chaibi was appointed as Chief Executive Officer at GLOBAL INDUSTRIAL Co.

“On February 10, 2025, Global Industrial Company (the “Company”) announced the appointment of Anesa Chaibi as Chief Executive Officer (principal executive officer) of the Company, effective February 17, 2025 (the “Effective Date”).”

Richard B. Leeds was appointed as Chief Executive Officer (interim) at GLOBAL INDUSTRIAL Co.

“On July 10, 2024 , the Company’s Board of Directors appointed Mr. Richard B. Leeds, the Executive Chairman of the Board, to serve as Chief Executive Officer on an interim basis effective August 9, 2024.”

Barry Litwin departed as Chief Executive Officer at GLOBAL INDUSTRIAL Co.

“On July 10, 2024 , Barry Litwin, Chief Executive Officer of Global Industrial Company (the “Company”), notified the Company that he was resigning as Chief Executive Officer and a member of the Board of Directors of the Company effective August 9, 2024.”
Earnings Releases

GLOBAL INDUSTRIAL Co reported first quarter ended March 31, 2024 results: revenue $323.4 million, net income $13.1 million, EPS $0.34 per diluted share.

“financial results for the first quarter ended March 31, 2024. --- EX-99.1 (EX-99.1) --- GLOBAL INDUSTRIAL COMPANY REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS Sales of $323.4 Million, Increase 18.1% Operating Income of $17.4 Million; Operating Margin 5.4% Board Declares $0.25 Dividend PORT WASHINGTON, NY, April 30, 2024 – Global Industrial Company (NYSE: GIC)”
Earnings Releases

GLOBAL INDUSTRIAL Co reported fiscal year ended December 31, 2023 results: revenue $1.27 billion, net income $70.7 million, EPS $1.84 per diluted share.

“QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS Fourth Quarter Sales of $320.1 Million, Up 22.9%; Operating Income of $21.4 Million and Operating Margin of 6.7% Full Year Sales of $1.27 Billion, Up 9.3%; Operating Income of $96.5 Million and Operating Margin of 7.6% Board Increases Dividend 25%; Declares $0.25 Dividend PORT WASHINGTON, NY, February 29, 2024 – Global”
Earnings Releases

GLOBAL INDUSTRIAL Co reported the fourth quarter ended December 31, 2023 results: revenue $320.1 million, net income $15.2 million, EPS $0.40 per diluted share.

“the fourth quarter ended December 31, 2023. --- EX-99.1 (EX-99.1) --- GLOBAL INDUSTRIAL REPORTS FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS Fourth Quarter Sales of $320.1 Million, Up 22.9%; Operating Income of $21.4 Million and Operating Margin of 6.7% Full Year Sales of $1.27 Billion, Up 9.3%; Operating Income of $96.5 Million and Operating Margin of”

Gary S. Michel was appointed as Director at GLOBAL INDUSTRIAL Co.

“Effective February 20, 2024, the Board appointed Gary S. Michel to serve as an independent member of the Board, for a term ending at the Annual Meeting of Stockholders to be held in 2024 and until his successor is appointed and qualified (or until his earlier death, disqualification, resignation or removal), and appointed Mr. Michel as a member of the Audit Committee and the Compensation Committee.”

Thomas R. Suozzi resigned as Director at GLOBAL INDUSTRIAL Co.

“On February 14, 2024, Thomas R. Suozzi tendered his resignation from the Board of Directors (the “Board”) of Global Industrial Company (the “Company”), effective immediately.”
Earnings Releases

GLOBAL INDUSTRIAL Co reported third quarter ended September 30, 2023 results: revenue $354.6 million, net income $20.7 million, EPS $0.54 per diluted share.

“financial results for the third quarter ended September 30, 2023. --- EX-99.1 (EX-99.1) --- GLOBAL INDUSTRIAL COMPANY REPORTS THIRD QUARTER 2023 FINANCIAL RESULTS Sales of $354.6 Million, Increase 18.8% Operating Income of $28.2 Million; Operating Margin 8.0% Board Declares $0.20 Dividend PORT WASHINGTON, NY, October 31, 2023 – Global Industrial Company (NYSE:”
Earnings Releases

GLOBAL INDUSTRIAL Co reported the six months ended June 30, 2023 results: revenue $599.6 million, net income $34.8 million, EPS $0.91 per diluted share.

“per diluted share from continuing operations decreased 5.1% to $0.56 compared to $0.59 last year. Year to Date Q2 2023 Financial Summary : • Consolidated sales decreased 1.2% to $599.6 million compared to $607.1 million last year. Excluding Indoff, sales declined 5.2% and 4.5% on an average daily sales basis. • Consolidated gross margin declined to 35.2% compared to”
Earnings Releases

GLOBAL INDUSTRIAL Co reported the second quarter ended June 30, 2023 results: revenue $325.8 million, net income $21.5 million, EPS $0.56 per diluted share.

“Second Quarter 2023 Financial Summary: • Consolidated sales increased 2.3% to $325.8 million compared to $318.5 million last year.”
Shareholder Votes

GLOBAL INDUSTRIAL Co shareholders approved Advisory (non-binding) vote on the frequency of future advisory votes on executive compensation at the 2023-06-05 meeting.

“4. Advisory (non-binding) vote regarding the frequency of future advisory votes on executive compensation. 1 Year 2 Years 3 Years Abstain 33,973,894 5,558 1,048,815 2,789”
Shareholder Votes

GLOBAL INDUSTRIAL Co shareholders approved Advisory (non-binding) vote to approve the compensation of the Company's named executive officers at the 2023-06-05 meeting.

“3. Advisory (non-binding) vote to approve the compensation of the Company's named executive officers. For Against Abstain Broker Non-Votes 34,319,789 704,720 6,547 1,285,972”
Shareholder Votes

GLOBAL INDUSTRIAL Co shareholders approved To ratify the appointment of Ernst & Young LLP as the Company's independent auditor for fiscal year 2023 at the 2023-06-05 meeting.

“2. Ratification of the appointment of Ernst & Young LLP as the Company's independent auditor for fiscal year 2023. For Against Abstain Broker Non-Votes 36,294,392 19,511 3,125 0”
Shareholder Votes

GLOBAL INDUSTRIAL Co shareholders approved To elect eight directors to serve until the next annual meeting of stockholders or until their successors are duly elected and qualify at the 2023-06-05 meeting.

“1. Election of Directors. Name For Withheld Broker Non-Votes Richard B. Leeds 31,598,721 3,432,335 1,285,972 Bruce Leeds 31,604,275 3,426,781 1,285,972 Robert Leeds 31,584,437 3,446,619 1,285,972 Barry Litwin 31,931,854 3,099,202 1,285,972 Chad M. Lindbloom 34,092,007 939,049 1,285,972 Paul S. Pearlman 34,095,458 935,598 1,285,972 Robert D. Rosenthal 30,532,821 4,498,235 1,285,972 Thomas R. Suozzi 34,774,337 256,719 1,285,972”
Material Agreements

GLOBAL INDUSTRIAL Co entered into Securities Purchase Agreement with the holder ("Seller") of 100% of the issued and outstanding equity interests (both voting and economic) of Indoff, and certain direct and indirect owners of the Seller who beneficially own Indoff through the Seller ("Seller Owners") valued at approximately $69.2 million (effective 2023-05-19).

“On May 19, 2023 (the "Closing Date"), a wholly-owned subsidiary (the "Purchaser") of Global Industrial Company (the "Company") entered into and completed certain transactions contemplated by a Securities Purchase Agreement (the "Purchase Agreement") with the holder (the "Seller") of 100% of the issued and outstanding equity interests (both voting and economic) of Indoff ("Indoff"), and certain direct and indirect owners of the Seller who beneficially own Indoff through the Seller (the "Seller Owners").”
Earnings Releases

GLOBAL INDUSTRIAL Co reported year ended December 31, 2022 results: revenue $1.17 billion, net income $78.1 million, EPS $2.04 per diluted share.

“RECORD FULL YEAR 2022 FINANCIAL RESULTS -Fourth Quarter Sales of $260.5 Million, Down 0.6%; Operating Income of $17.7 Million and Operating Margin of 6.8%- -Full Year Sales of $1.17 Billion, Up 9.7%; Operating Income of $105.2 Million and Operating Margin of 9.0%- -Board Declares $0.20 Dividend, an Increase of 11.1%- PORT WASHINGTON, NY, February 21, 2023 – Global”
Earnings Releases

GLOBAL INDUSTRIAL Co reported fourth quarter ended December 31, 2022 results: revenue $260.5 million, net income $13.4 million, EPS $0.35 per diluted share.

“quarter ended December 31, 2022. --- EX-99.1 (EX-99.1) --- GLOBAL INDUSTRIAL REPORTS FOURTH QUARTER AND RECORD FULL YEAR 2022 FINANCIAL RESULTS -Fourth Quarter Sales of $260.5 Million, Down 0.6%; Operating Income of $17.7 Million and Operating Margin of 6.8%- -Full Year Sales of $1.17 Billion, Up 9.7%; Operating Income of $105.2 Million and Operating Margin of”

Thomas Suozzi was appointed as Independent Director at GLOBAL INDUSTRIAL Co.

“Effective January 30, 2023, the Company’s Board of Directors appointed Thomas Suozzi to serve as an independent member of the Board of Directors”

Lawrence Reinhold resigned as Director at GLOBAL INDUSTRIAL Co.

“On January 27, 2023, Mr. Lawrence Reinhold , a director of the Board of Directors of Global Industrial Company (the “Company”) notified the Company that he will resign from the Board of Directors effective as of January 30, 2023 on account of his retirement.”
Debt Financings

GLOBAL INDUSTRIAL Co amended revolving credit of $125 million with JPMorgan Chase Bank, N.A., as Administrative Agent.

“The Amendment amends the Credit Agreement to, inter alia , increase the aggregate revolver commitment from $75 million to $125 million and make related adjustments to the borrowing base and certain financial, reporting and other select covenants.”
Material Agreements

GLOBAL INDUSTRIAL Co amended Amendment No. 3 with JPMorgan Chase Bank, N.A., as Administrative Agent, Sole Bookrunner and Sole Lead Arranger, and the lenders from time to time party thereto valued at $125 million (effective 2022-11-29).

“On November 29, 2022, Global Industrial Company (the "Company") and certain of its direct and indirect wholly-owned subsidiaries (together with the Company, the “Borrowers”) entered into Amendment No. 3 (the "Amendment") to the Third Amended and Restated Credit Agreement, dated as of October 28, 2016 (as previously amended by Amendment No. 1 dated as of October 19, 2021 and Amendment No. 2 dated as of June 28, 2022) with JPMorgan Chase Bank, N.A., as Administrative Agent, Sole Bookrunner and Sole Lead Arranger, and the lenders from time to time party thereto (the “Credit Agreement”). The Amendment amends the Credit Agreement to, inter alia , increase the aggregate revolver commitment from $75 million to $125 million and make related adjustments to the borrowing base and certain financial, reporting and other select covenants.”
Earnings Releases

GLOBAL INDUSTRIAL Co reported the nine months ended September 30, 2022 results: revenue $905.6 million, net income $64.7 million, EPS $1.69.

“per diluted share from continuing operations decreased 13.1% to $0.53 compared to $0.61 last year. Nine Months 2022 Financial Summary: • Consolidated sales increased 13.0% to $905.6 million compared to $801.1 million last year. Sales also increased 13.0% on an average daily sales basis. • Consolidated gross margin increased to 36.2% compared to 34.6% last year. •”
Earnings Releases

GLOBAL INDUSTRIAL Co reported the third quarter ended September 30, 2022 results: revenue $298.5 million, net income $20.3 million, EPS $0.53.

“financial results for the third quarter ended September 30, 2022. --- EX-99.1 (EX-99.1) --- GLOBAL INDUSTRIAL COMPANY REPORTS THIRD QUARTER 2022 FINANCIAL RESULTS -Sales of $298.5 Million Increases 7.6%- -Operating Income of $27.5 Million; Operating Margin of 9.2%- -Board Declares $0.18 Dividend- PORT WASHINGTON, NY, November 1, 2022 – Global Industrial Company”

Eric Lerner departed as Senior Vice President, General Counsel at GLOBAL INDUSTRIAL Co.

“On October 6, 2021, the Company notified Eric Lerner, Senior Vice President, General Counsel, of its intention to exercise its rights under Section 3(e)”

Adina Storch was appointed as Senior Vice President, General Counsel and Secretary at GLOBAL INDUSTRIAL Co.

“On October 8, 2021, Global Industrial Company (the “Company”) announced that Adina Storch will join the Company as Senior Vice President, General Counsel and Secretary, effective October 25, 2021.”

Christopher Longhito was appointed as Senior Vice President, Operations at GLOBAL INDUSTRIAL Co.

“On September 1, 2021, Christopher Longhito will be promoted from Vice President, Purchasing and Customer Experience to Senior Vice President, Operations”

Ritesh Chaturbedi resigned as SVP and Chief Operations Officer at GLOBAL INDUSTRIAL Co.

“On August 26, 2021, Global Industrial Company (the "Company") and Ritesh Chaturbedi, the Company’s SVP and Chief Operations Officer, entered into a separation agreement effective as of August 31, 2021”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.