UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
Date of Report: July 14, 2020 (Date of earliest event reported) | ||||
ARC Document Solutions, Inc. (Exact name of registrant as specified in its charter) | ||||
Delaware (State or other jurisdiction of incorporation) | 001-32407 (Commission File Number) | 20-1700361 (IRS Employer Identification Number) | ||
12657 Alcosta Blvd, Suite 200, San Ramon, CA (Address of principal executive offices) | 94583 (Zip Code) | |||
(925) 949-5100 (Registrant's telephone number, including area code) | ||||
Not Applicable (Former Name or Former Address, if changed since last report) |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Common Stock, par value $0.001 per share | ARC | The New York Stock Exchange |
(e) | Compensatory Arrangements of Certain Officers. |
Item 9.01 | Financial Statements and Exhibits | ||
(d) | Exhibits. |
Exhibit Index | ||
Exhibit No. | Description | |
Dated: July 15, 2020 | ARC DOCUMENT SOLUTIONS, INC. By: /s/ Jorge Avalos Jorge Avalos Chief Financial Officer |
Exhibit Index | ||
Exhibit No. | Description | |
1. | Effective as of July 5, 2020, Base Salary payable under the Executive Agreement shall be voluntarily reduced by forty-five percent (45%) (the “Base Salary Reduction”) until further agreement between the parties to the Executive Agreement (the “Effective Period”). |
2. | Notwithstanding anything to the contrary contained in this letter, if your employment with ARC is terminated by ARC without Cause or by you for Good Reason during the Effective Period, any severance benefits payment to you under the Executive Agreement shall be calculated based on the amount of Base Salary set forth in Section 3(a) of the Executive Agreement, without taking into account the Base Salary Reduction. |
/s/ Kumarakulasingam Suriyakumar |
By: Kumarakulasingam Suriyakumar |
1. | Effective as of July 5, 2020, Base Salary payable under the Executive Agreement shall be voluntarily reduced by thirty percent (30%) (the “Base Salary Reduction”) until further agreement between the parties to the Executive Agreement (the “Effective Period”). |
2. | Notwithstanding anything to the contrary contained in this letter, if your employment with ARC is terminated by ARC without Cause or by you for Good Reason during the Effective Period, any severance benefits payment to you under the Executive Agreement shall be calculated based on the amount of Base Salary set forth in Section 3(a) of the Executive Agreement, without taking into account the Base Salary Reduction. |
/s/ Jorge Avalos |
By: Jorge Avalos |
1. | Effective as of July 5, 2020, Base Salary payable under the Executive Agreement shall be voluntarily reduced by thirty percent (30%) (the “Base Salary Reduction”) until further agreement between the parties to the Executive Agreement (the “Effective Period”). |
2. | Notwithstanding anything to the contrary contained in this letter, if your employment with ARC is terminated by ARC without Cause or by you for Good Reason during the Effective Period, any severance benefits payment to you under the Executive Agreement shall be calculated based on the amount of Base Salary set forth in Section 3(a) of the Executive Agreement, without taking into account the Base Salary Reduction. |
/s/ Dilantha Wijesuriya |
By: Dilantha Wijesuriya |
1. | Effective as of July 5, 2020, Base Salary payable under the Executive Agreement shall be voluntarily reduced by thirty percent (30%) (the “Base Salary Reduction”) until further agreement between the parties to the Executive Agreement (the “Effective Period”). |
2. | Notwithstanding anything to the contrary contained in this letter, if your employment with ARC is terminated by ARC without Cause or by you for Good Reason during the Effective Period, any severance benefits payment to you under the Executive Agreement shall be calculated based on the amount of Base Salary set forth in Section 3(a) of the Executive Agreement, without taking into account the Base Salary Reduction. |
/s/ Rahul Roy |
By: Rahul Roy |
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