Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 11, 2020, Fawaz Khalil, age 50, was appointed President and Chief
Executive Officer of ModusLink Corporation ("ModusLink"), replacing John
Whitenack. A copy of the press release issued by the registrant concerning Mr.
Khalil's appointment is furnished herewith as Exhibit 99.1 and is incorporated
herein by reference.
Mr. Khalil joins ModusLink with an extensive background in growing and managing
businesses. Prior to joining ModusLink, from May 2017 to November 2019, Mr.
Khalil was President and Chief Executive Officer of Halco Lighting Technologies.
From November 2015 to April 2017, Mr. Khalil was President of Purafil and
Universal Air Filters (part of The Filtration Group). From February 2013 to
November 2015, Mr. Khalil was Vice President and General Manager of Acuity
Brands Lighting Inc. He has most recently been a Lean Management consultant. Mr.
Khalil received his B.S. in Computer Science from the National University of
Computing and Emerging Sciences Karachi, an M.B.A. in Finance and Banking from
the Institute of Business Administration at University of Karachi, and an M.B.A.
in General Management & Strategy from the Darden Graduate School of Business at
the University of Virginia.
Mr. Khalil does not have any family relationships with any of the directors,
executive officers, or any people nominated or chosen by the Company to become a
director or executive officer. Mr. Khalil is not a party to any transactions
listed in Item 404(a) of Regulation S-K.
On June 12, 2020, William T. Fejes, Jr., a director of Steel Connect, Inc.,
formally notified the Board of Directors (the "Board") that he does not intend
to stand for re-election to the Board at the Annual Meeting of Shareholders to
be held on July 23, 2020 (the "Annual Meeting"), and that he will retire from
the Board immediately following the Annual Meeting. Mr. Fejes' decision not to
stand for re-election to the Board related solely to his decision to retire and
did not involve any disagreement with the Company on any matter relating to its
operations, policies or practices.
The information in this Item 5.02, including Exhibit 99.1 attached hereto, is
furnished and shall not be deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of such section. The information in this report, including the
exhibit, shall not be incorporated by reference into any filing under the
Securities Act of 1933, as amended, regardless of any incorporation by reference
language in any such filing, except as shall be expressly set forth by specific
reference in such a filing
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Press release dated June 16, 2020 (furnished herewith).
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