DJ Covetrus Files 8K - Director, Officer or Compensation Filing >CVET
Covetrus Inc. (CVET) filed a Form 8K - Director, Officer or Compensation Filing - with the U.S Securities and Exchange Commission on December 11, 2019.
On December 16, 2019, Covetrus, Inc. (the "Company") announced that Christine Komola, the Company's Chief Financial Officer, has resigned effective immediately. Following her resignation, Ms. Komola will serve as an advisor to the Company for a period to be mutually agreed, which is expected to be one month.
The Company anticipates that it will enter into a mutually acceptable Separation and Release Agreement with Ms. Komola, which it will disclose pursuant to an amendment to this Form 8-K.
On December 11, 2019, the Board of Directors (the "Board") of the Company appointed Stuart B. Gleichenhaus as the Company's interim Chief Financial Officer, effective December 16, 2019.
On December 13, 2019, the Company entered into an engagement letter with FTI Consulting (the "Engagement Letter") for the provision of Mr. Gleichenhaus as interim Chief Financial Officer effective December 16, 2019. Mr. Gleichenhaus will not receive any compensation directly from the Company. The Company will instead pay FTI Consulting $175,000 per month for Mr. Gleichenhaus' services. In addition to receiving fees for Mr. Gleichenhaus' services, under the terms of the Engagement Letter, FTI Consulting will be entitled to reimbursement for direct out-of-pocket expenses. The Company has also agreed to indemnify FTI Consulting and Mr. Gleichenhaus in connection with the engagement, subject to customary terms and conditions.
Other than as noted above, there is no other arrangement or understanding pursuant to which Mr. Gleichenhaus was engaged as interim Chief Financial Officer of the Company. With respect to the disclosure required by Item 401(d) of Regulation S-K, there are no family relationships between Mr. Gleichenhaus and any director or executive officer of the Company. With respect to Item 404(a) of Regulation S-K, there are no relationships or related transactions between Mr. Gleichenhaus and the Company that would be required to be reported. Mr. Gleichenhaus has no direct or indirect material interest in the services provided pursuant to the Engagement Letter beyond his role as Senior Managing Director of Corporate Finance at FTI Consulting.
Mr. Gleichenhaus, age 62, has served as a Senior Managing Director of Corporate Finance at FTI Consulting since 2007. Mr. Gleichenhaus received a B.S. in Engineering from Princeton University and an M.B.A. from Harvard Business School.
The full text of this SEC filing can be retrieved at: http://www.sec.gov/Archives/edgar/data/1752836/000119312519315214/d850083d8k.htm
Any exhibits and associated documents for this SEC filing can be retrieved at: https://www.sec.gov/Archives/edgar/data/1752836/000119312519315214/0001193125-19-315214-index.htm
Public companies must file a Form 8-K, or current report, with the SEC generally within four days of any event that could materially affect a company's financial position or the value of its shares.
(END) Dow Jones Newswires
December 16, 2019 16:22 ET (21:22 GMT)
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