Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 18, 2021, Jeremy M. Jones, Chairman of the Board of Directors (the
"Board") of ASGN Incorporated (the "Company"), provided notice to the Company
that he is retiring and does not intend to stand for re-election as a director
of the Company upon the expiration of his current term at the Company's 2021
annual meeting of stockholders. During Mr. Jones' 26 years of dedicated service
to the Company, he has supported the Board of Directors with his extensive
experience as a former chief executive officer, and provided invaluable guidance
to management and the Board through significant management changes, acquisition
and divestiture activity, and dramatic growth and change. The Company, its
management and its Board are appreciative and grateful to have benefitted from
Mr. Jones' support and guidance and wish him well in his retirement. Arshad
Matin will take over the role of Chairman upon Mr. Jones' retirement in June.
Additionally on March 18, 2021, the Board, on the recommendation of the
Company's Nominating and Corporate Governance Committee, voted to increase the
size of its Board from nine to eleven members. To fill those newly created
directorships, the Board nominated Vice Admiral Joseph W. Dyer, U.S. Navy,
Retired, and Carol Lindstrom to serve as directors, and they accepted the
nominations, effective immediately. They will stand for election at the
Company's 2021 Annual Meeting of Stockholders for a term expiring in 2024. VADM
Dyer and Ms. Lindstrom will both serve on the Board's Strategy and Technology
Committee, and each has been determined by the Board to be "independent"
pursuant to the definition set forth by the New York Stock Exchange.
VADM Dyer, age 74, is an independent consultant in the technology and defense
markets. He is also the chief strategy officer of National Spectrum Consortium,
a role he has held since 2014, and a former Commissioner for the Congressional
NDAA Section 809 Acquisition Streamlining Commission, which was created in 2016
in order to review and streamline the acquisition and purchase programs of the
defense department. From 2003 through 2013, he was an executive at iRobot
Corporation serving as the president of the government and industrial division,
chief operating officer, and then chief strategy officer. His leadership
responsibilities spanned from "high tech/early stage" to the company's initial
public offering, and through becoming the world's leading mobile robot company.
From 2000 to 2003, he served as Commander of the Naval Air Systems Command,
where he was responsible for research, development, test and evaluation,
engineering and logistics for naval aircraft, air-launched weapons and sensors.
Prior to that command, in 1997 he was assigned as commander of the Naval Air
Warfare Center Aircraft Division at Patuxent River and assumed additional
responsibilities as the assistant commander for Research and Engineering of the
Naval Air Systems Command. From 1994 to 1997, VADM Dyer served as F/A-18 Program
Manager, leading engineering and manufacturing development efforts on the new
F/A-18E/F, continued production and fleet support of the F/A-18C/D, and all
F/A-18 foreign military sales. Under his leadership, the F/A-18 program won the
Department of Defense Acquisition Excellence Award and the Order of Daedalian.
Earlier in his career, he served as the technology director for the High Speed
Anti-Radiation Missile and as the Navy's Chief Test Pilot. VADM Dyer received a
bachelor of science degree in chemical engineering at North Carolina State
University and a master of science degree in financial management from the Naval
Postgraduate School. Further, he is an elected fellow in the National Academy of
Public Administration and the Society of Experimental Test Pilots. VADM Dyer
brings to the Board an extensive military background and commercial expertise,
which converge at the intersection of technology, finance and risk management.
Ms. Lindstrom, age 67, is an advisor at Carrick Capital Partners, an investment
firm focused on technology-enabled businesses, after retiring as the Vice
Chairman of Deloitte LLP in May 2016. She held many management positions during
her career with Deloitte which she joined in 1993 to help build their technology
consulting practice. She was the managing director of the Orange County and San
Francisco consulting practices, managing director of Deloitte's Americas
technology practice, managing director of Deloitte's global relationship
clients, managing director of Deloitte's e-business and digital practices, and
lead client and advisory partner for many significant clients. Ms. Lindstrom was
a member of the Deloitte & Touche Tohmatsu Global board of directors for eight
years and served on the Deloitte LLP board of directors for six years. Ms.
Lindstrom started her career at Andersen Consulting (now Accenture PLC) in 1975
and was a partner from 1987 to 1993.
Ms. Lindstrom has served as a director for Genpact Ltd. (NYSE: G), a global
professional services firm delivering digital transformation by putting digital
and data to work, since 2016, and is the chair of the nominating and governance
committee and a member of their compensation committee. She has served as a
director of Exponent, Inc. (NASDAQ: EXPO), an engineering and scientific
consulting firm, since 2017, and is the chair of their nominating and
--------------------------------------------------------------------------------
governance committee and a member of their audit and human resource committee.
She previously served on the board of directors for Entertainment Partners from
2018 until its acquisition by TPG Capital in 2019, and for Energous Corporation
(NASDAQ: WATT) from 2018 to 2019. She served as president of the Deloitte
Foundation from 2010 to 2014, and today is a board member of several not-for
profit organizations including the Workday Foundation, Homeful Foundation, and
the St. Helena Hospital Foundation. Ms. Lindstrom received a bachelor of arts
degree from the University of California Los Angeles. She supports the Board
with her expertise growing and managing consulting services and large scale
technology projects and she is aligned with many of the technology companies in
Northern California.
As non-employee directors, VADM Dyer and Ms. Lindstrom will be compensated for
their services in the manner consistent with that of the Company's other
non-employee directors, as discussed in the Company's filings with the U.S.
Securities and Exchange Commission, and Ms. Lindstrom received a grant of
restricted stock units with a fair market value of $150,000 on March 18, 2021,
vesting 50 percent upon grant and the remaining 50 percent upon the first
anniversary of grant, subject to her continued service to the Company. There are
no transactions in which either of the new directors has an interest requiring
disclosure under Item 404(a) of Regulation S-K, nor are there any arrangements
or understandings between VADM Dyer, Ms. Lindstrom and any other persons
pursuant to which they were selected as directors that would be reportable under
Item 401(d) of Regulation S-K.
Item 8.01 Other Events.
On March 22, 2021, the Company issued a press release regarding the retirement
of Mr. Jones and the appointment of VADM Dyer and Ms. Lindstrom as Class II
directors. A copy of this press release is furnished as Exhibit 99.1 to this
Report and is incorporated into this Report by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number Description
99.1 Press release of ASGN Incorporated dated March 22, 2021
104.1 Cover page interactive data file (embedded within the Inline XBRL document)
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