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Delaware
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13-3873847
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(State or other jurisdiction of
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(IRS Employer
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incorporation)
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Identification No.)
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Andrew B. Cogan, Chief Executive Officer. Mr. Cogan was granted a 2013 non-equity incentive award with a target incentive payment of $800,000. A copy of Mr. Cogan's 2013 non-equity incentive award letter, detailing his participation in the Knoll 2013 Incentive Compensation Program, is attached as Exhibit 10.1 to this Current Report on Form 8-K.
Lynn M. Utter, President and Chief Operating Officer, Knoll Office. Ms. Utter was granted a 2013 non-equity incentive award with a target incentive payment of $500,000. A copy of Ms. Utter's 2013 non-equity incentive award letter, detailing her participation in the 2013 Knoll, Inc. Incentive Compensation Program, is attached as Exhibit 10.2 to this Current Report on Form 8-K.
Barry L. McCabe, Executive Vice President and Chief Financial Officer. Mr. McCabe was granted a 2013 non-equity incentive award with a target incentive payment of $295,000. A copy of Mr. McCabe's 2013 non-equity incentive award letter, detailing his participation in the 2013 Knoll, Inc. Incentive Compensation Program, is attached as Exhibit 10.3 to this Current Report on Form 8-K.
Benjamin A. Pardo, Executive Vice President - Design. Mr. Pardo was granted a 2013 non-equity incentive award with a target incentive payment of $250,000. A copy of Mr. Pardo's 2013 non-equity incentive award letter, detailing his participation in the 2013 Knoll, Inc. Incentive Compensation Program, is attached as Exhibit 10.4 to this Current Report on Form 8-K.
Jeffrey R. Blom, Senior Vice President - North America Supply Chain. Mr. Blom was granted a 2013 non-equity incentive award with a target incentive payment of $265,000. A copy of Mr. Blom's 2013 non-equity incentive award letter, detailing his participation in the 2013 Knoll, Inc. Incentive Compensation Program, is attached as Exhibit 10.5 to this Current Report on Form 8-K.
Exhibit 10.1 - Andrew B. Cogan Non-Equity Incentive Compensation Letter dated December 6, 2012
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Knoll, Inc.
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Date: December 07, 2012
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By:
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/s/ Michael A. Pollner
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Michael A. Pollner
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Vice President, General Counsel and Secretary
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Exhibit No.
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Description
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EX-10.1
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Andrew B. Cogan Non-Equity Incentive Compensation Letter dated December 6, 2012
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EX-10.2
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Lynn M. Utter Non-Equity Incentive Compensation Letter dated December 6, 2012
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EX-10.3
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Barry L. McCabe Non-Equity Incentive Compensation Letter dated December 6, 2012
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EX-10.4
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Benjamin A. Pardo Non-Equity Incentive Compensation Letter dated December 6, 2012
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EX-10.5
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Jeffrey R. Blom Non-Equity Incentive Compensation Letter dated December 6, 2012
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EXHIBIT 10.1
December 6, 2012
Andrew Cogan
New York, NY
Dear Andrew:
It is my pleasure to inform you that you will be a participant in the 2013 Knoll, Inc. Incentive Compensation Program.
In these challenging times our objectives are simple and something that each of us can help contribute to:
Leverage our investments in sales, marketing and design initiatives as well as enhanced operational capabilities to drive top line growth and improved levels of profitability while continuing to make the right investments in products, service and technology to position Knoll for long term success.
Our success in 2013 and beyond will be a direct result of your ability to help us accomplish these long term goals while meeting our short term 2013 operating profit plan.
If you achieve your individual goals and Knoll makes its 2013 operating profit plan you can qualify for a total target incentive payout of $800,000.
This award is subject to my approval and that of the Knoll, Inc. Board of Directors (or appropriate committee of the Knoll, Inc. Board of Directors), which may exercise discretion in adjusting your award up or down based on factors the Board of Directors (or appropriate committee of the Knoll, Inc. Board of Directors) deems appropriate, including Knoll's performance relative to the industry, other macroeconomic factors and your individual performance. You must be employed by Knoll on the date this award is distributed in order to receive this incentive.
I have great confidence in your ability to contribute to our success in 2013 and look forward to being able to present you with your award in early 2014.
Thank you for all that you do for Knoll.
Sincerely,
/s/ Burt Staniar
Burt Staniar
Chairman
EXHIBIT 10.2
December 6, 2012
Lynn Utter
East Greenville, PA
Dear Lynn:
It is my pleasure to inform you that you will be a participant in the 2013 Knoll, Inc. Incentive Compensation Program.
In these challenging times our objectives are simple and something that each of us can help contribute to:
Leverage our investments in sales, marketing and design initiatives as well as enhanced operational capabilities to drive top line growth and improved levels of profitability while continuing to make the right investments in products, service and technology to position Knoll for long term success.
Our success in 2013 and beyond will be a direct result of your ability to help us accomplish these long term goals while meeting our short term 2013 operating profit plan.
If you achieve your individual goals, Knoll makes its 2013 operating profit plan and Knoll's Office segment exceeds its segment operating profit plan you can qualify for a total target incentive payout of $500,000.
This award is subject to my approval and that of the Knoll, Inc. Board of Directors (or appropriate committee of the Knoll, Inc. Board of Directors), which may exercise discretion in adjusting your award up or down based on factors the Board of Directors (or appropriate committee of the Knoll, Inc. Board of Directors) deems appropriate, including Knoll's performance relative to the industry, other macroeconomic factors and your individual performance. You must be employed by Knoll on the date this award is distributed in order to receive this incentive.
I have great confidence in your ability to contribute to our success in 2013 and look forward to being able to present you with your award in early 2014.
Thank you for all that you do for Knoll.
Sincerely,
/s/ Andrew Cogan
Andrew Cogan
EXHIBIT 10.3
December 6, 2012
Barry McCabe
East Greenville, PA
Dear Barry:
It is our pleasure to inform you that you will be a participant in the 2013 Knoll, Inc. Incentive Compensation Program.
In these challenging times our objectives are simple and something that each of us can help contribute to:
Leverage our investments in sales, marketing and design initiatives as well as enhanced operational capabilities to drive top line growth and improved levels of profitability while continuing to make the right investments in products, service and technology to position Knoll for long term success.
Our success in 2013 and beyond will be a direct result of your ability to help us accomplish these long term goals while meeting our short term 2013 operating profit plan.
If you achieve your individual goals and Knoll makes its 2013 operating profit plan you can qualify for a total target incentive payout of $295,000.
This award is subject to our approval and that of the Knoll, Inc. Board of Directors (or appropriate committee of the Knoll, Inc. Board of Directors), which may exercise discretion in adjusting your award up or down based on factors the Board of Directors (or appropriate committee of the Knoll, Inc. Board of Directors) deems appropriate, including Knoll's performance relative to the industry, other macroeconomic factors and your individual performance. You must be employed by Knoll on the date this award is distributed in order to receive this incentive.
We have great confidence in your ability to contribute to our success in 2013 and look forward to being able to present you with your award in early 2014.
Thank you for all that you do for Knoll.
Sincerely,
/s/ Andrew Cogan /s/ Lynn Utter
Andrew Cogan Lynn Utter
CEO President and COO
EXHIBIT 10.4
December 6, 2012
Benjamin Pardo
New York, NY
Dear Benjamin:
It is our pleasure to inform you that you will be a participant in the 2013 Knoll, Inc. Incentive Compensation Program.
In these challenging times our objectives are simple and something that each of us can help contribute to:
Leverage our investments in sales, marketing and design initiatives as well as enhanced operational capabilities to drive top line growth and improved levels of profitability while continuing to make the right investments in products, service and technology to position Knoll for long term success.
Our success in 2013 and beyond will be a direct result of your ability to help us accomplish these long term goals while meeting our short term 2013 operating profit plan.
If you achieve your individual goals and Knoll makes its 2013 operating profit plan you can qualify for a total target incentive payout of $250,000.
This award is subject to our approval and that of the Knoll, Inc. Board of Directors (or appropriate committee of the Knoll, Inc. Board of Directors), which may exercise discretion in adjusting your award up or down based on factors the Board of Directors (or appropriate committee of the Knoll, Inc. Board of Directors) deems appropriate, including Knoll's performance relative to the industry, other macroeconomic factors and your individual performance. You must be employed by Knoll on the date this award is distributed in order to receive this incentive.
We have great confidence in your ability to contribute to our success in 2013 and look forward to being able to present you with your award in early 2014.
Thank you for all that you do for Knoll.
Sincerely,
/s/ Andrew Cogan /s/ Lynn Utter
Andrew Cogan Lynn Utter
CEO President and COO
EXHIBIT 10.5
December 6, 2012
Jeff Blom
East Greenville, PA
Dear Jeff:
It is our pleasure to inform you that you will be a participant in the 2013 Knoll, Inc. Incentive Compensation Program.
In these challenging times our objectives are simple and something that each of us can help contribute to:
Leverage our investments in sales, marketing and design initiatives as well as enhanced operational capabilities to drive top line growth and improved levels of profitability while continuing to make the right investments in products, service and technology to position Knoll for long term success.
Our success in 2013 and beyond will be a direct result of your ability to help us accomplish these long term goals while meeting our short term 2013 operating profit plan.
If you achieve your individual goals, Knoll makes its 2013 operating profit plan and Knoll's Office segment exceeds its segment operating profit plan you can qualify for a total target incentive payout of $265,000.
This award is subject to our approval and that of the Knoll, Inc. Board of Directors (or appropriate committee of the Knoll, Inc. Board of Directors), which may exercise discretion in adjusting your award up or down based on factors the Board of Directors (or appropriate committee of the Knoll, Inc. Board of Directors) deems appropriate, including Knoll's performance relative to the industry, other macroeconomic factors and your individual performance. You must be employed by Knoll on the date this award is distributed in order to receive this incentive.
We have great confidence in your ability to contribute to our success in 2013 and look forward to being able to present you with your award in early 2014.
Thank you for all that you do for Knoll.
Sincerely,
/s/ Andrew Cogan /s/ Lynn Utter
Andrew Cogan Lynn Utter
CEO President and COO