MSC Industrial Direct Co., Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by MSC Industrial Direct Co., Inc. on January 23, 2006. The report addresses a correction regarding the company's Proxy Statement filed on December 2, 2005, specifically concerning compliance with New York Stock Exchange (NYSE) Listing Standards.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is non-financial in nature and focuses solely on corporate governance disclosures.
Material Changes
The company notified the NYSE that it inadvertently omitted instructional information in its December 2, 2005 Proxy Statement. The omission concerned the availability of corporate governance documents, including:
- Corporate Governance Guidelines
- Code of Ethics (applicable to the CEO and senior financial officers)
- Code of Business Conduct (applicable to the Board, officers, and employees)
- Charters for the Audit, Compensation, and Nominating and Corporate Governance Committees
The company confirmed these documents are available on its website (www.mscdirect.com) and that printed copies can be requested from the Corporate Secretary.
Guidance, Outlook, and Risks
The company stated it is correcting the omission via this Form 8-K and will include the required information in its Proxy Statement for the 2007 Annual Meeting of Shareholders and future filings. No financial guidance, outlook, or specific risk factors were disclosed in this filing.
Key Facts for Investor Verification
- Verify the availability of the Corporate Governance Guidelines and Code of Ethics on the company website.
- Confirm the process for requesting printed copies of committee charters from the Corporate Secretary.
- Note that this filing corrects a procedural omission in the 2005 Proxy Statement and does not reflect changes in financial performance.