nsit-202405020000932696false00009326962024-05-022024-05-02
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): May 2, 2024
INSIGHT ENTERPRISES, INC.
(Exact name of registrant as specified in its charter)
_____________________________
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| Delaware | | 0-25092 | | 86-0766246 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification No.) |
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| 2701 East Insight Way, | | | | |
| Chandler, | Arizona | | | | 85286 |
| (Address of principal executive offices) | | | | (Zip Code) |
Registrant's telephone number, including area code:
(480) 333-3000
Not Applicable
(Former name or former 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:
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☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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☐ | 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:
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| Title of each class | | Trading Symbol | | Name of each exchange on which registered |
| Common stock, par value $0.01 | | NSIT | | The NASDAQ Global Select 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).
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. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 2, 2024, the Company announced that Glynis Bryan intends to retire as Chief Financial Officer of Insight Enterprises, Inc. (the “Company”), effective December 31, 2024. The Board has engaged an executive search firm to identify and evaluate potential successors from inside and outside the Company. This transition is part of the Board’s succession planning, which has been in development over the last several years. If a successor has not been named by December 31, 2024, Ms. Bryan has agreed to continue to serve as CFO until a successor has been named.
To ensure an effective transition to new leadership, the Company and Ms. Bryan have planned that Ms. Bryan will continue to serve as an advisor following her retirement as CFO. The Company and Ms. Bryan anticipate amending Ms. Bryan’s Executive Employment Agreement accordingly.
On May 2, 2024, the Company issued a press release announcing Ms. Bryan’s transition. A copy of this press release is filed with this Form 8-K as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit Number | | Description |
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| 99.1 | | |
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| 104 | | Cover Page Interactive Data File (formatted as Inline XBRL). |
SIGNATURES
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.
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| | Insight Enterprises, Inc. |
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| Date: | May 2, 2024 | By: | | /s/ Rachael A. Crump |
| | | | Rachael A. Crump |
| | | | Chief Accounting Officer |
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| FOR IMMEDIATE RELEASE | NASDAQ: NSIT |
CFO OF INSIGHT, GLYNIS BRYAN, ANNOUNCES RETIREMENT
CHANDLER, AZ – May 2, 2024 – Insight Enterprises, Inc. (Nasdaq: NSIT) (the “Company”), announced today that Glynis Bryan plans to retire as Chief Financial Officer effective December 31, 2024. Ms. Bryan, 65, has been with the Company since December 17, 2007. Ms. Bryan will continue to serve as the Chief Financial Officer through the end of the year. She will then transition to an advisory role.
The Company has engaged an executive search firm to identify and evaluate potential successors from internal and external candidates. Ms. Bryan will assist the Company in the search process.
Ms. Bryan said, “I am thankful for the amazing opportunity I have had at Insight over the last 17 years. It has been a fun and rewarding experience to have assisted in transforming the Company from a traditional value-added reseller to a powerhouse Solutions Integrator. I sincerely appreciate the efforts of our teammates throughout the Company, and in particular I appreciate my finance team for their dedication and willingness to embrace change, our leadership team for the challenging and open dialogue that drove us to accomplish this significant transformation and our clients for trusting us to help with their challenging and changing technology needs. It has truly been a privilege and an honor to be a part of this excellent team and to have played a part in Insight’s amazing transformation.”
Joyce Mullen, Chief Executive Officer, and President, said “I am grateful to Glynis for her inspirational leadership and drive over the last 65 quarters. She has had an enormous impact at Insight during this time. Glynis is loved and admired for her business acumen, strong leadership and very quick wit by our teammates, partners and clients. Her partnership, support and friendship have been invaluable to me as I joined Insight.”
About Insight
Insight Enterprises, Inc. is a global Fortune 500 Solutions Integrator helping accelerate transformation by unlocking the power of people and technology. We architect, build and manage solutions for complex IT environments. Our digital transformation services include deep expertise in cloud, data, AI, cybersecurity and intelligent edge, augmented by longstanding relationships with 6,000+ technology partners. By quickly and effectively delivering best-fit solutions, we help our clients simplify modern business processes to improve customer and work experiences, business intelligence, efficiency and growth. We’re rated as a Great Place to Work, a Forbes World’s Best Employer and a Fortune World’s Best Workplace. Discover more at www.insight.com. NSIT-F
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CONTACT: | RYAN MIYASATO |
| INVESTOR RELATIONS |
| TEL. 408.975.8507 |
| EMAIL Ryan.Miyasato@insight.com |
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| Insight Enterprises, Inc. | 2701 E. Insight Way | Chandler, Arizona 85286 | 800.467.4448 | FAX 480.760.8958 |
