CDW Corp Form 8-K Summary
Business Context and Reporting Period
This Current Report (Form 8-K) was filed by CDW Corporation on December 12, 2012. The filing addresses significant corporate governance changes, specifically the retirement of a key executive and the re-election of the Board of Directors.
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 personnel and governance matters rather than financial performance.
Material Changes
- Executive Retirement: John A. Edwardson, Chairman of the Boards of Managers of CDW Holdings LLC and CDW LLC, notified the boards of his intention to retire effective December 31, 2012. This date also marks his final day of employment.
- Leadership Succession: Thomas E. Richards, President and CEO, will succeed Mr. Edwardson as Chairman of the Boards of Managers of Holdings and LLC effective January 1, 2013.
- Board Re-election: On December 12, 2012, CDW Holdings re-elected all members of the Company's Board of Directors: Thomas E. Richards, Michael J. Dominguez, and Paul J. Finnegan.
- Board Chair Appointment: Thomas E. Richards was appointed Chairman of the Board of Directors of the Company, effective January 1, 2013.
Management Commentary and Risks
Mr. Edwardson confirmed that his decision to retire was not the result of any disagreement with CDW Corporation, Holdings, LLC, or management regarding operations, policies, or practices. No other risks, contingencies, or unusual items were disclosed in this filing.
Key Facts for Investor Verification
- Confirm the effective date of John A. Edwardson's retirement (December 31, 2012).
- Verify Thomas E. Richards' new role as Chairman of the Boards of Managers and the Company's Board of Directors (effective January 1, 2013).
- Review the attached press release (Exhibit 99.1) for additional details on the transition.