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NSIT > SEC Filings for NSIT > Form 8-K on 19-Aug-2013All Recent SEC Filings

Show all filings for INSIGHT ENTERPRISES INC



Change in Directors or Principal Officers

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(c) On August 18, 2013, Insight Direct (U.K.) Limited (the "Company") and Stuart
A. Fenton, President, EMEA, entered into an Amended and Restated Release and Transition Agreement (the "Transition Agreement"). The Transition Agreement provides for (i) the continuation of Mr. Fenton's employment as President, EMEA through September 1, 2013 (the "Separation Date") at his current base salary but without eligibility for 2013 bonus. Following the Separation Date, the Company will make a lump sum payment to Mr. Fenton equal to two times his base salary, and an incentive payment of GBP 100,000. Mr. Fenton will continue to participate in insurance plans through his Separation Date and for a period expiring on the earlier of (x) 24 months after the Separation Date or (y) becoming eligible for substantially similar benefits.

The Transition Agreement also includes a general release and waiver of all claims and contemplates entry into a further settlement agreement on the Separation Date to confirm the arrangements in the Transition Agreement and to revise the Transition Agreement only to reflect the end of employment.

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