pfsw-20201008
falsePFSWEB INC000109531500010953152020-10-082020-10-08

 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
 
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): October 8, 2020
 
PFSweb, Inc.
(Exact name of registrant as specified in its charter)
 
 
Delaware000-2827575-2837058
(STATE OR OTHER JURISDICTION
OF INCORPORATION)
(COMMISSION FILE NUMBER)
(IRS EMPLOYER
IDENTIFICATION NO.)
 
 
505 MILLENNIUM DRIVE
ALLEN, TX 75013
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
 
(972) 881-2900
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
 
N/A
(FORMER NAME OR ADDRESS, IF CHANGED SINCE LAST REPORT)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, 00010953152020-10-082020-10-08

 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
 
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): October 8, 2020
 
PFSweb, Inc.
(Exact name of registrant as specified in its charter)
 
 
Delaware000-2827575-2837058
(STATE OR OTHER JURISDICTION
OF INCORPORATION)
(COMMISSION FILE NUMBER)
(IRS EMPLOYER
IDENTIFICATION NO.)
 
 
505 MILLENNIUM DRIVE
ALLEN, TX 75013
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
 
(972) 881-2900
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
 
N/A
(FORMER NAME OR ADDRESS, IF CHANGED SINCE LAST REPORT)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, $0.001 par valuePFSWNASDAQCapital Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.






 
INFORMATION TO BE INCLUDED IN THE REPORT
 
ITEM 5.02(b). Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
 
On October 8, 2020, director Peter Stein offered to resign as a director of the PFSweb, Inc. (the “Company”), citing a potential conflict of interest due to his recent appointment as the Global Lead for Experience & Commerce of a business competing with the Company, and not a result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. The Board of Directors of the Company accepted Mr. Stein’s resignation, effective October 8, 2020, and is deeply appreciative of the services provided by Mr. Stein over the years in his role as a director of the Company.
 
ITEM 9.01. Financial Statements and Exhibits.
 
(d) Exhibits.
 
Exhibit No.Description
104
Cover Page Interactive Data file, formatted in Inline XBRL (included as Exhibit 101)
 

 






 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
PFSweb, Inc.
Dated: October 13, 2020By:/s/ Thomas J. Madden
Thomas J. Madden
Executive Vice President,
Chief Financial Officer 
 
 
 
 
 
 

PFSWNASDAQCapital Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.






 
INFORMATION TO BE INCLUDED IN THE REPORT
 
ITEM 5.02(b). Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
 
On October 8, 2020, director Peter Stein offered to resign as a director of the PFSweb, Inc. (the “Company”), citing a potential conflict of interest due to his recent appointment as the Global Lead for Experience & Commerce of a business competing with the Company, and not a result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. The Board of Directors of the Company accepted Mr. Stein’s resignation, effective October 8, 2020, and is deeply appreciative of the services provided by Mr. Stein over the years in his role as a director of the Company.
 
ITEM 9.01. Financial Statements and Exhibits.
 
(d) Exhibits.
 
Exhibit No.Description
104
Cover Page Interactive Data file, formatted in Inline XBRL (included as Exhibit 101)
 

 






 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
PFSweb, Inc.
Dated: October 13, 2020By:/s/ Thomas J. Madden
Thomas J. Madden
Executive Vice President,
Chief Financial Officer 
 
 
 
 
 
 


v3.20.2
Cover
Oct. 08, 2020
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Oct. 08, 2020
Entity Registrant Name PFSWEB INC
Entity Central Index Key 0001095315
Entity Emerging Growth Company false
Title of 12(b) Security Common stock, $0.001 par value
Trading Symbol PFSW
Security Exchange Name NASDAQ
Entity File Number 000-28275
Entity Incorporation, State or Country Code DE
Entity Tax Identification Number 75-2837058
Entity Address, Address Line One 505 MILLENNIUM DRIVE
Entity Address, City or Town ALLEN
Entity Address, State or Province TX
Entity Address, Postal Zip Code 75013
City Area Code 972
Local Phone Number 881-2900
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false