CDW Corporation Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by CDW Corporation on September 18, 2018. The filing discloses significant changes to the Company's executive leadership and Board of Directors as part of a planned succession process.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and personnel changes rather than financial performance data.
Material Changes
- CEO Transition: Thomas E. Richards notified the Board of his intention to retire as President and Chief Executive Officer effective December 31, 2018. He will remain with the Company as Executive Chairman and continue serving on the Board.
- New CEO Appointment: Christine A. Leahy will succeed Mr. Richards as President and Chief Executive Officer effective January 1, 2019. She will also be appointed to the Board on that date. Ms. Leahy currently serves as Chief Revenue Officer and has been with the Company since 2002.
- New COO Appointment: Christina M. Corley has been appointed Chief Operating Officer effective January 1, 2019. She currently serves as Senior Vice President – Commercial and International Markets.
Outlook, Risks, and Management Commentary
Management characterized these changes as consistent with the Company's succession planning process. The filing includes a press release (Exhibit 99.1) detailing the announcements. No specific financial risks, contingencies, or unusual items were disclosed in this text.
Investor Verification Checklist
- Verify the effective dates of the leadership transitions (December 31, 2018, and January 1, 2019).
- Review the attached press release (Exhibit 99.1) for additional details on the transition plan.
- Confirm the new roles of Thomas E. Richards (Executive Chairman), Christine A. Leahy (CEO), and Christina M. Corley (COO).
- Note that this filing contains no financial data; refer to the most recent 10-Q or 10-K for financial metrics.