UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers
On March 13, 2022, Vertiv Holdings Co (the “Company”) appointed Mr. Giordano Albertazzi as the Company’s President, Americas, with such appointment being effective as of March 14, 2022. Mr. Albertazzi is succeeding Mr. John Hewitt, who is departing the Company effective immediately to pursue other interests.
In connection with Mr. Hewitt’s departure, he will be eligible for severance benefits under the Company’s Executive Employment Policy previously filed with the Securities and Exchange Commission and continued vesting of his restricted stock units granted in 2020, in each case subject to Mr. Hewitt signing a separation agreement containing customary restrictive covenants and a release. All unvested stock options held by Mr. Hewitt will be forfeited.
Item 7.01
On March 14, 2022, the Company issued a press release announcing certain management changes, including the appointment of Mr. Albertazzi to succeed Mr. Hewitt as the Company’s President, Americas, as noted above.
The information set forth in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information in this Item 7.01, including Exhibit 99.1, shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 (d) Financial Statements and Exhibits
| 99.1 | Press release dated March 14, 2022 announcing certain management changes | |
| 104 | Cover Page Interactive Data File, formatted in inline XBRL. | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: March 14, 2022 | Vertiv Holdings Co | |||||
| /s/ Rob Johnson | ||||||
| Name: | Rob Johnson | |||||
| Title: | Chief Executive Officer | |||||